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10610 Weigand Avenue, Los Angeles, California 90002, Los Angeles, 90002 - bed, bath

10610 Weigand Avenue, Los Angeles, California 90002 home-pic-0
ACTIVE$1,789,000
10610 Weigand Avenue, Los Angeles, California 90002
0Bed
0Bath
10,275Sqft
10,275Lot
Year Built
1950
Close
-
List price
$1.79M
Original List price
$1.79M
Price/Sqft
$174
HOA
-
Days on market
-
Sold On
-
MLS number
DW24161067
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.79M(92th), sqft - 10275(92th), beds - undefined(50th), baths - undefined(50th).

This charming 3-unit property offers a lucrative investment opportunity in the heart of Los Angeles. Situated on a quiet residential street, this property features three separate units, each with its own unique layout and amenities. Whether you're looking to generate rental income or live in one unit and rent out the others, this property provides endless possibilities for savvy investors. Unit 1: Bedrooms: 4 Bathrooms: 3 Features: Washer and dryer hookup Unit 2: Bedrooms: 2 Bathrooms: 1 Unit 3: Bedrooms: 3 Bathrooms: 2 1/2 Exterior Features: Well-maintained exterior with curb appeal, on site parking for tenants, Fenced yard for outdoor activities, Gated entry, Separate entrances for each unit providing privacy for tenants Location: Conveniently located near schools such as Weigand Avenue Elementary School, Edwin Markham Middle School and Jordan High School, parks, and public transportation. Easy access to shopping, dining, and entertainment options such as Plaza Mexico. Close proximity to the 105 freeway for commuting to nearby cities. Investment Potential: Excellent opportunity for investors looking to capitalize on rental income. Strong rental market in the area with high demand for rental units. Plans have been submitted to the city for an additional ADU, pending approval.

Price History

Date
Event
Price
10/31/18
Sold
$415,000
10/19/04
Sold
$255,000
Condition Rating
Poor
Built in 1950, the property's exterior appears to have been updated with modern stucco, windows, and a contemporary driveway. However, the MLS listing explicitly highlights 'outdated infrastructure, systems' and suggests the property may 'require significant renovation or higher maintenance costs to meet modern tenant expectations.' The complete absence of interior photos or descriptions for kitchens and bathrooms, coupled with this strong warning, indicates that substantial repairs and rehabilitation are likely needed for the interior, aligning with a 'Poor' condition score despite the updated facade.
Pros & Cons

Pros

Strong Investment Opportunity: Explicitly marketed as a 'lucrative investment opportunity' with 'excellent opportunity for investors looking to capitalize on rental income' in a 'strong rental market' with high demand.
ADU Expansion Potential: Plans have been submitted to the city for an additional ADU, offering significant future income generation and property value appreciation upon approval.
Multi-Unit Configuration: As a triplex with three distinct units (4 beds/3 baths, 2 beds/1 bath, 3 beds/2.5 baths), it provides diversified income streams and flexibility for owner-occupancy or full rental.
Desirable Tenant Amenities & Privacy: Features such as separate entrances, on-site parking, a fenced yard, and gated entry enhance tenant appeal, privacy, and security.
Convenient Urban Location: Conveniently located near schools, parks, public transportation, shopping (Plaza Mexico), dining, and with easy access to the 105 freeway, appealing to a broad tenant base.

Cons

Age of Property: Built in 1950, the property may have outdated infrastructure, systems, and require significant renovation or higher maintenance costs to meet modern tenant expectations, despite a well-maintained exterior.
Uncertainty of ADU Approval: The proposed ADU, a significant value-add, is 'pending approval,' introducing an element of risk and potential delays to the realization of this investment strategy.
Lack of Interior Condition Details & Total Living Area: The description is vague on the interior condition of the three units and does not specify the total living square footage, making it difficult to fully assess current rental value and potential renovation expenses.

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