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Sold for $911,000
  • Tax assessed value
    $911,000

    1248 Welton Way, Inglewood, CA 90302

    5beds
    2baths
    1,979sqft
    Multi Family
    Built in 1923
    -- sqft lot
    $910,600 Zestimate®
    $460/sqft
    $3,377 Estimated rent

    Home value

    $910,600

    $838,000 - $993,000

    $3,377/mo

    Zestimate® history
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    $5,770/mo

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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Joel Daniel Rangel DRE # 01827663 310-749-7092,

    Coldwell Banker Realty 424-280-7400

    Bought with:

    Libby Rogers, DRE # 01219416

    R.B. Haley, Inc

    Source: CLAW,MLS#: 24-417163MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    Heating
    • None
    Cooling
    • None
    Appliances
    • Included: Gas Cooking Appliances, Gas Water Heater
    • Laundry: Inside, In Garage, Gas Dryer Hookup
    Features
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 1,979
    • Total interior livable area: 1,979 sqft

    Property

    Parking
    • Total spaces: 7
    • Parking features: Driveway, Converted Garage, Covered
    • Has garage: Yes
    • Covered spaces: 2
    • Uncovered spaces: 5
    Features
    • Levels: One
    • Pool features: None
    • Spa features: None
    • Fencing: Fenced Yard
    Lot
    • Size: 7,431 sqft
    • Features: Front Yard, Value In Land
    Details
    • Additional structures: None
    • Parcel number: 4014016024
    • Zoning: INR2YY
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Tudor
    • Property subtype: Multi Family
    Materials
    • Stucco
    • Roof: Shingle
    Condition
    • Fixer,Repair Cosmetic,Additions/Alter
    • Year built: 1923

    Utilities & green energy

    • Water: Public

    Community & neighborhood

    Location
    • Region: Inglewood

    Other

    Other facts
    • Road surface type: Paved

    Price history

    DateEventPrice
    8/27/2024Sold$911,000+14%$460/sqft
    Source: CLAW #24-417163 Report a problem
    7/31/2024Contingent$799,000$404/sqft
    Source: CLAW #24-417163 Report a problem
    7/19/2024Listed for sale$799,000+356.6%$404/sqft
    Source: CLAW #24-417163 Report a problem
    10/26/1998Sold$175,000$88/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$12,413 +137.3%$911,000 +139.5%
    2024$5,230 +1%$380,445 +2%
    2023$5,177 -1.7%$372,987 +2%
    2022$5,267 +1%$365,674 +2%
    2021$5,213 +4.5%$358,505 +1%
    2020$4,989 $354,830 +2%
    2019$4,989 +3.5%$347,873 +2%
    2018$4,821 $341,053 +2%
    2017$4,821 +3%$334,366 +2%
    2016$4,680 +2.6%$327,811 +1.5%
    2015$4,562 +0.9%$322,888 +2%
    2014$4,520 $316,564 +31.9%
    2011-- $240,000 -20.2%
    2010-- $300,636 -0.2%
    2009-- $301,351 +2%
    2008-- $295,443 +4%
    2006-- $283,973
    2005-- $283,973 +49.9%
    2003-- $189,423 +2%
    2002-- $185,710 +4%
    2000-- $178,500

    Find assessor info on the county website

    Neighborhood: 90302

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $910,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $910,600