1248 Welton Way, Inglewood, CA 90302
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Sold Price :
$911,000
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Beds :
5
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Baths :
2
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Property Size :
1,979 sqft
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Year Built :
1923
Property Description
Here's what makes this move-in fixer worth the investment. One, it's a duplex, and both units will be delivered vacant, which is a huge and rare benefit. Due to rent control and just-cause evictions, vacating units can be nearly impossible or extremely costly. The vacant units also mean you can choose your tenants and set market rents. The Front unit has 2 beds and one bath, with a projected rent of $2,850. The rear unit has 3 beds and one bath, with a projected rent of $3,200. Total projected rent: $6,050. Use the rental income from the second unit to qualify for more financing or offset your mortgage payment. The lot size, at about 7,500 square feet, represents some of the biggest residential lots in Inglewood, which means more construction possibilities. The detached units offer privacy to each resident. The property also uniquely has a detached garage, which could be turned into an ADU, for a total of three detached units. Each unit could have its private yard space for maximum rentability. The property is in Fairview Heights, one of Inglewood's most desirable and priciest neighborhoods. It's about 15 minutes away from Playa Vista. It's within walking distance of a train station, which will soon connect you to LAX. Hollywood Park and Sofi's entertainment is close enough to enjoy and far enough to avoid noise and congestion. You're also seconds away from North Park, an intimate neighborhood park with picnic tables, restrooms, and three tennis courts. The property needs updating. Sold as-is. But for the right buyer, the investment is worth it. First showing Sunday, July 21.
Interior Features
Laundry Information |
Location(s) |
Inside, In Garage |
Bedroom Information |
Bedrooms |
5 |
Bathroom Information |
Bathrooms |
2 |
Interior Information |
Cooling Type |
None |
Listing Information
Address |
1248 Welton Way |
City |
Inglewood |
State |
CA |
Zip |
90302 |
County |
Los Angeles |
Listing Agent |
Joel Daniel Rangel DRE #01827663 |
Courtesy Of |
Coldwell Banker Realty |
Close Price |
$911,000 |
Status |
Closed |
Type |
Residential Income |
Structure Size |
1,979 |
Lot Size |
7,431 |
Year Built |
1923 |
Listing information courtesy of: Joel Daniel Rangel, Coldwell Banker Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Aug 28th, 2024 at 3:41 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.