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$1,100,000

Beds
4
sq ft
2,584

3118 Weldon Ave, Los Angeles, CA 90065

3118 Weldon Ave

Los Angeles, CA 90065

  • 9 days on market
Discover a remarkable investment opportunity in the vibrant community of Glassell Park. Nestled in the hills amidst a tranquil neighborhood of single-family homes, yet conveniently close to Eagle Rock, Pasadena, the LA River trail, and downtown Los Angeles, this triplex offers both serenity and accessibility.The main house, meticulously maintained and updated, spans two stories with 2 bedrooms and 3 bathrooms. It features an updated kitchen and bathrooms, complemented by original mid-century elements like hardwood floors, ironwork, and PV stone fireplaces. Expansive decks provide unobstructed views from every floor, perfect for relaxing or entertaining.The front unit is a charming 1 bedroom, 1 bathroom bungalow with its own private yard, offering a cozy retreat. The lower unit, also with 1 bedroom and 1 bathroom, boasts a private backyard and stunning mountain views.Whether you're looking to expand your investment portfolio or seeking a property to live in while generating rental income, this triplex offers an exceptional opportunity. Live in one unit and let the others contribute towards your mortgage payments, maximizing your investment potential.

Details

Property type

Est. home value

$1,416,883

Lot size

4,517 sq ft

Price per sq ft

$426

Year built

1947

HOA

No

Price History

06/20/2024
CLAW

CLAW #24406131

Listed
$1,100,000
-2.22%
06/11/2024
CRMLS

CRMLS #GD24054775

Removed
$1,125,000
05/29/2024
CRMLS

CRMLS #GD24054775

Price change
$1,125,000
-4.26%

Schools & Community

Neighborhood: 

Glassell Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$962,203
Asking price
$1,100,000
Closing costs (~8% of asking)
-$88,000
Est. remaining loan balance
-$49,797
Cash to seller
$962,203

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

August 2019

Original loan amount

$55,000

Est. remaining balance

$49,797

Interest rate

3.82%

Loan type

New Conventional, 30 year

Seller

Carlos Carrizo and Mary Saltos

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 06/29/2024 at 6:35 AM

Listing updated: 06/28/2024 at 5:14 AM

Listed by: Ian Ferguson, Greenspan Realty Phone #: (310) 936-7270

MLS: CLAW #24406131

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