3256 Castle Heights Avenue

Los Angeles, CA 90034

$1,999,999

List Price

2

bed Beds

2

shower Baths

1,205 sqft

straighten / sqft

1948

calendar_month Built

Property Description

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!

Listing Information

List Price $1,999,999
Status Active
MLS 24435655
Type Residential Income
Year Built 1948
Lot Size 7,036
Structure Size 1,205
DOM 44
Courtesy Of The Agency
Listing Agent Jacob Weinblut DRE#02090454
Co-Listing Agent Nicholas Pirzada DRE#02115027

Interior Features

Total Bedroom
Bedrooms 2
Total Bathroom
Bathrooms 2
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Jacob Weinblut, Nicholas Pirzada, The Agency 818-644-7533. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 18th, 2024 at 8:27 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.