Property listed by The Agency, Jacob Weinblut 424-230-3700
$1,825,000
Exceptional Investment Opportunity in Beverlywood: Duplex with RTI for Expansion, Welcome to 3256 Castle Heights Ave, a prime investment property in the highly sought-after Beverlywood neighborhood of Los Angeles. This well-positioned duplex not only offers immediate rental income but also comes with Ready to Issue (RTI) plans for substantial future… Read More development of 4,000sf duplex, with a 3 car garage, with alley access. Situated in the vibrant Beverlywood area, this duplex provides easy access to shopping, dining, and major transit routes, offering the perfect blend of urban convenience and suburban tranquility. Unit 1: A spacious 2-bedroom, 1-bath unit currently renting for $3,000 per month. Unit 2: A charming 1-bedroom, 1-bath unit renting for $2,300 per month. **Development Potential:** - **RTI Plans:** The property comes with Ready to Issue (RTI) plans for the construction of two additional units: Unit 3: A generous 5-bedroom, 5-bath residence designed for luxury living with ample space and modern amenities. Unit 4: A well-designed 3-bedroom, 3-bath home offering comfort and style. This development opportunity allows for increased rental income and the potential for enhanced property value.Unit 1: Features an open living area, updated kitchen, and two comfortable bedrooms. Unit 2: Includes a cozy living space, functional kitchen, and a charming bedroom. The property boasts a well-maintained exterior with a landscaped front yard and ample off-street parking. The shared backyard offers additional space that can be developed further or enjoyed by current tenants. With existing rental income and RTI plans for two additional high-demand units, this property represents a significant opportunity for investors looking to capitalize on the Los Angeles real estate market. Don't miss the chance to own a property with immediate returns and exceptional growth potential. Contact us today to learn more about 3256 Castle Heights Ave and how it can be a strategic addition to your investment portfolio! Read Less
Listing Snapshot
Days Online
18
Last Updated
Property Type
Other
Beds
3
Square Ft.
1,205
Lot Size
0.16 Acres
Year Built
1948
MLS Number
25484523
30 Days Snapshot Of 90034
$1,681k
+35%
(avg) sold price
8
-11%
homes sold
67
-20%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1948, Building area total: 1,205, Levels: One, Living area: 1205, 1 story, 1 building
Cooling
Electric
Garage
2 spaces
Heating
Electric
Income
Gross income: $231,600, Net operating income: $63,600
Lot
0.1615 acres, 7,036 square feet, Size: 7,036
Parking
6 open parking spaces, 8 totals parking, DoorMulti, Garage
Property
Zoning: LAR1
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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