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!
Property Details
Property Features
Property Information:
Architectural Style: Traditional
Year Built: 1948
Stories: 1
Living Area: 1,205 SqFt
Listing Office:
Office Name: The Agency
Office Phone: (424) 230-3700
Listing Agent: Jacob Weinblut
Interior Features
Interior Information:
Appliances: Refrigerator
Flooring Type: Wood
Fireplace: None
Bedroom and Bathroom Information:
Full Bathrooms: 2
Total Bedroom Count: 3
Exterior Features
Exterior Information:
Private Pool: No
View: None
Parking Information:
Garage Space: 2 spaces
Parking: Door-Multi, Driveway, Garage
Lot Features
Lot Information:
Lot Size: 0.16 Acres
Utilities
Utilities Information:
Heating: Electric
Other
Directions Information:
Directions: North of 10 and north of National
Price Information
Listing Price Info
Price Summary:
List Price: $1,999,999
Price Per SqFt: $1,660/SqFt
Tax Information:
Annual Amount: $1,277
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $976.5K more than the Median Sold Price and $1K/SqFt more than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24454523
Listing Office:
Office Name: The Agency
Office Phone: (424) 230-3700
Listing Agent: Jacob Weinblut
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/15/2024, 7:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$1,277
$81,261
2020
$1,246
$80,429
2019
$1,147
$78,853
2018
$1,127
$77,307
2017
$1,127
$75,792
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$10K
Per Month
Principal & Interest
$9,982
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$6,063
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Castle Heights Elementary School
9755 Cattaraugus Ave
Distance between this listing and this school0.43 miles
Public District Grades KG-5
4
/10
Palms Elementary
3520 Motor Ave
Distance between this listing and this school0.63 miles
Public District Grades KG-5
6
/10
Linwood E. Howe Elementary School
4100 Irving Pl
Distance between this listing and this school0.79 miles
Public District Grades KG-5
Nearby Schools
9
/10
Magnolia Science Academy 6
3754 Dunn Dr
Distance between this listing and this school0.55 miles
Public Charter Grades 6-8
6
/10
Palms Middle School
10860 Woodbine St
Distance between this listing and this school1.14 miles
Public District Grades 6-8
3
/10
The City
5753 Obama Blvd
Distance between this listing and this school1.74 miles
Public Charter Grades 6-8
Nearby Schools
3
/10
Cheviot Hills Continuation
9200 Cattaraugus Ave
Distance between this listing and this school0.46 miles
Public District Grades 9-12
7
/10
Alexander Hamilton High School
2955 S Robertson Blvd
Distance between this listing and this school0.52 miles
Public District Grades 9-12
8
/10
Culver City High School
4401 Elenda St
Distance between this listing and this school1.76 miles
The neighbors living near this home have an average income of $77,817. Residents of Los Angeles, CA typically earn between $35k-100k each year. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3256 Castle Heights Ave
What is the listing price of this property?
The listing price of 3256 Castle Heights Ave property is $1,999,999.
What type of property is this?
The property 3256 Castle Heights Ave is a house located in Los Angeles, California, 90034.
Is this property for sale now?
Active Listing: 3256 Castle Heights Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $1,277 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 3256 Castle Heights Ave has 3 bedrooms and 2 bathrooms.
What is the square footage of this property?
The property 3256 Castle Heights Ave is 1,205 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 3256 Castle Heights Ave is 1948.
This home is located at 3256 Castle Heights Ave in Los Angeles, CA and zip code 90034 in the Palms neighborhood. This 1,205 square foot home, which was built in 1948, sits on a 0.16 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 18, 2024 and is currently priced at $1,999,999.
In October 2024, from all listings sold in Los Angeles, CA there were more than 598 sold above asking price, over 753 sold below and more than 191 were sold right at the asked price. The inventory of homes for sale in Los Angeles, CA between September 2024 and October 2024 increased by 11.2%. The median list price of listings available in October 2024 was $1,023,474, while the average time on the real estate market was 38 days.
From Rocket Homes Real Estate and based on county public records data.