tomo logo

$1,999,999

Beds
3
Baths
2.0
sq ft
1,205

3256 Castle Heights Ave, Los Angeles, CA 90034

3256 Castle Heights Ave

Los Angeles, CA 90034

  • 28 days on market
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 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!

Details

Property type

Single Family Residence

Est. home value

$1,507,403

Lot size

7,036 sq ft

Price per sq ft

$1,660

Year built

1948

HOA

No

Price History

10/18/2024
CLAW

CLAW #24454523

Listed
$1,999,999
+29.03%
04/27/2022
CLAW

CLAW #22138431

Sold
$1,550,000

Schools & Community

Neighborhood: 

Beverlywood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

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

Lender

Midfirst Bank

Loan start date

November 2022

Original loan amount

$1,085,000

Est. remaining balance

Not provided

Interest rate

4.97%

Loan type

Credit Line (Revolving)

Seller

Daniel Zilberberg and Daniel Zilberberg Living Trust

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?

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Status: Active

Tomo last checked: 11/15/2024 at 9:00 PM

Listing updated: 10/26/2024 at 5:15 AM

Listed by: Jacob Weinblut, The Agency Phone #: (424) 230-3700

MLS: CLAW #24454523

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