3133 Weldon Avenue

    Los Angeles (City), CA 90065
    • $795,000
    • STATUS: Active Under Contract
    • ON SITE: 116 days
    • ID#: 19493396
    Under Contract
    UPDATED: 136 min ago
    $795,000
    • 0
      BEDS
    • 0.5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,440
      SQFT
    • $552
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    "For the right buyer this is a great opportunity. It is currently a triplex with three 1 bed 1 bath units that can be delivered vacant. They all need work but here is the value play.... this triplex sits on a 21,000 sq ft lot that is 94 ft wide and, according to the Help Desk at Bldg and Safety, the lot can be split. The lot is only zoned R1 so that only allows for a single family residence to be built on the newly formed lot (can also have an ADU.) But at this price one can have a triplex that cash flows (if you do an awesome job on renovations it's not unreal to get $2150/mo on each unit) and basically have a whole 10,500 sq ft parcel virtually thrown in for free where one builds the house plus ADU. It has views and great privacy. It is waiting for you!"

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-20T00:28:59.483. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/97332544

    3133 Weldon Avenue Los Angeles (City), CA 90065

    • Price: $795,000
    • Status: Active Under Contract
    • Updated: 136 min ago
    • ID#: 19493396
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.5
    Acres
    1,440
    SQFT
    $552
    $/SQFT
    1953
    Built
    Neighborhood:
    623 - Glassel Park
    County:
    Los Angeles
    Area:
    623 - Glassel Park
    Property Description
    "For the right buyer this is a great opportunity. It is currently a triplex with three 1 bed 1 bath units that can be delivered vacant. They all need work but here is the value play.... this triplex sits on a 21,000 sq ft lot that is 94 ft wide and, according to the Help Desk at Bldg and Safety, the lot can be split. The lot is only zoned R1 so that only allows for a single family residence to be built on the newly formed lot (can also have an ADU.) But at this price one can have a triplex that cash flows (if you do an awesome job on renovations it's not unreal to get $2150/mo on each unit) and basically have a whole 10,500 sq ft parcel virtually thrown in for free where one builds the house plus ADU. It has views and great privacy. It is waiting for you!"
    Exterior Features

    Lot Size Units Square Feet Parking Features Other Parking YN Yes

    Interior Features

    Appliances None Appliances YN No Laundry Features None

    Property Features

    Association Amenities Other Association YN Yes Cap Rate 5.54 Gross Multiplier 12.62 Gross Operating Income 63000.00 Improvements Amount 148 Land Lease YN No Land Value 339382 Laundry YN No Net Operating Income 44100.00 Special Listing Conditions Standard Total Expenses 18900.00 Zoning Lar1

    Listing provided courtesy of Ken Shapiro of Silverwood Properties


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-20T00:28:59.483. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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