3133 Weldon Avenue

    Los Angeles (City), CA 90065
    • $795,000
    • STATUS: Active Under Contract
    • ON SITE: 85 days
    • MLS #: 19493396
    Under Contract
    UPDATED: 72 min ago
    $795,000
    • 4
      BEDS
    • 0.5
      ACRES
    • 3
      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 CARETS as of 2019-10-20T09:44:02.867. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.jelmbergteam.com/homes/97327110

    3133 Weldon Avenue Los Angeles (City), CA 90065

    • Price: $795,000
    • Status: Active Under Contract
    • Updated: 72 min ago
    • MLS #: 19493396
    4
    Beds
    3
    Baths
    0
    ½ Baths
    0.5
    Acres
    1,440
    SQFT
    $552
    $/SQFT
    1953
    Built
    Neighborhood:
    Glassell Park (623)
    County:
    Los Angeles
    Area:
    Glassell Park (623)
    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

    Parking Spaces Total 4 Parking Type Other

    Interior Features

    Appliances None Cooling Type Wall Unit(S) Heating Type Wall Heater Total Floors 0 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bed01 1 Unit Number Of Bed02 1 Unit Number Of Bed03 1

    Property Features

    Adjusted Gross Income 63000.00 Assessed Improvement Value 148.00 Assessed Land Value 339382.00 Cap Rate 5.54 Country United States Of America Expense Total Annual 18900.00 Gross Operating Income 63000.00 Gross Rent Multiplier 12.62 Hoa YN N Land Lease Type Other Legal Disclosures Other Lot Size Source Vendor Enhanced Net Operating Income 44100.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 0.00 Unit Monthly Rent02 0.00 Unit Monthly Rent03 0.00 Unit Projected Total Monthly Rent01 2050.00 Unit Projected Total Monthly Rent02 2250.00 Unit Projected Total Monthly Rent03 2050.00 Unit Total Monthly Rent01 0.00 Unit Total Monthly Rent02 0.00 Unit Total Monthly Rent03 0.00 Unit Type01 1 Unit Type02 1 Unit Type03 1 Units Total In Complex 3 Zoning Lar1

    Listing provided courtesy of Ken Shapiro DRE#01881308 of Silverwood Properties.


    Based on information from CARETS as of 2019-10-20T09:44:02.867. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
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