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$799,000
5 bed
1,979 Sqft
7,431 Sqft lot

1248 Welton Way, Inglewood, California 90302

  • Residential Income Property Type
  • 12 Days Time on market
  • $404 Price per sqft
  • 1923 Year Built
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.

Basic Details
Residential Income
Buy
24417163
$799,000
5
1,979 Sqft
1923
7,431 Sqft
Activeundercontract
Condos/Co-ops
Features
: Tudor
5
$0
: Shingle
Address
CA
Los Angeles
Inglewood
90302
1248 Welton Way
1248
Way
0
W119° 39' 6.1''
N33° 58' 42.7''
Additional Information
12
1
1
0
2
: One
1
: Inside, In Garage
1,979 Sqft
0 Sqft
0 Sqft
: Measured
0.17 Sqft
7,431 Sqft
1
: No Common Walls
0 Sqft
INR2YY
4014016024
$0
$0
$0
$0
1
$0
$0
0 Sqft
1
0 Sqft
$0
1
29/07/2024 00:00:00
$0
: Standard
Going east on Fairview Blvd, make a right on Welton way. Property is on the left-hand side.
Coldwell Banker Realty
Joel Daniel Rangel
CLW-V2000460
CLW-C129751
$0
: Stucco
1
: Front Yard, Valueinland
1
0
0
1
2
2
AdditionsAlterations,Fixer,RepairsCosmetic
1
72600
US-06037-N-4014016024-R-N
24/07/2024 21:37:04
Welton
101 - North Inglewood
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