1248 Welton Way, Inglewood, CA 90302
Property
Sold August 2024
Listing Agent: Joel Daniel Rangel (DRE #01827663) · Listing Office: Coldwell Banker Realty · Contact: 424-280-7400 · Bought with: Libby Rogers · R.B. Haley, Inc · MLS #24417163 · Source: CRMLS
About this property
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.
Listing description from the August 2024 sale, as reported to CRMLS.
Sale history