10610 Weigand Ave Los Angeles, CA 90002
Watts NeighborhoodEstimated payment $10,783/month
Total Views
125,362
9
Beds
8
Baths
10,275
Sq Ft
$174
Price per Sq Ft
Highlights
- 0.24 Acre Lot
- Laundry Room
- 1-Story Property
About This Home
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.
Last Listed By
Century 21 Cornerstone Brokerage Phone: 562-822-7678 License #02119416 Listed on: 08/10/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,458
Year Built
- Built in 1950
Lot Details
- 10,275 Sq Ft Lot
- No Common Walls
- 10610, 10612, 10612 1/2
Home Design
- Triplex
Interior Spaces
- 10,275 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 9 Bedrooms
- 8 Bathrooms
Parking
- Parking Available
- Driveway
Listing and Financial Details
- Tax Lot D
- Assessor Parcel Number 6066008038
- $1,015 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 3 Units
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Electric Expense $300
- Fuel Expense $100
- Insurance Expense $220
- Trash Expense $35
- Water Sewer Expense $60
- Operating Expense $715
- Gross Income $9,800
- Net Operating Income $9,085
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $9,458 | $703,289 | $403,259 | $300,030 |
| 2023 | $7,703 | $557,572 | $395,352 | $162,220 |
| 2022 | $7,000 | $464,100 | $387,600 | $76,500 |
| 2021 | $5,724 | $434,454 | $343,522 | $90,932 |
| 2020 | $5,695 | $423,300 | $306,000 | $117,300 |
| 2019 | $5,484 | $415,000 | $300,000 | $115,000 |
| 2018 | $4,142 | $312,380 | $220,507 | $91,873 |
| 2016 | $3,893 | $295,000 | $207,900 | $87,100 |
| 2015 | $3,602 | $271,000 | $191,000 | $80,000 |
| 2014 | $3,683 | $271,000 | $191,000 | $80,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/16/2024 11/16/24 | For Sale | $1,789,000 | 0.0% | $174 / Sq Ft |
| 10/17/2024 10/17/24 | Off Market | $1,789,000 | -- | -- |
| 08/10/2024 08/10/24 | For Sale | $1,789,000 | -- | $174 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Gift Deed | -- | None Listed On Document | |
| Grant Deed | -- | Old Republic Title | |
| Gift Deed | -- | -- | |
| Grant Deed | -- | Accommodation | |
| Grant Deed | -- | None Available | |
| Grant Deed | $415,000 | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | Provident Title Company | |
| Grant Deed | -- | Provident Title Company | |
| Interfamily Deed Transfer | -- | Provident Title Company | |
| Interfamily Deed Transfer | -- | Provident Title Company | |
| Grant Deed | $255,000 | Provident Title Company | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $85,000 | Landsafe Title | |
| Trustee Deed | $90,900 | Landsafe Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $890,000 | New Conventional | |
| Previous Owner | $378,000 | Seller Take Back | |
| Previous Owner | $328,000 | Negative Amortization | |
| Previous Owner | $41,000 | Credit Line Revolving | |
| Previous Owner | $50,000 | Credit Line Revolving | |
| Previous Owner | $268,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $30,000 | Unknown | |
| Previous Owner | $229,500 | Purchase Money Mortgage | |
| Previous Owner | $108,000 | Unknown | |
| Previous Owner | $63,750 | No Value Available | |
| Previous Owner | $27,499 | Unknown | |
| Previous Owner | $121,500 | Unknown | |
| Previous Owner | $13,180 | Unknown | |
| Closed | $12,750 | No Value Available |
Source: Public Records
Similar Homes in Los Angeles, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW24161067
APN: 6066-008-038
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Based on information from California Regional Multiple Listing Service, Inc. 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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