Watts (WATT) Homes with Triplex Subtype

Watts (WATT) Homes with Triplex Subtype

Welcome to Watts, a vibrant and culturally rich neighborhood nestled in the heart of Los Angeles County, California. Known for its rich history and community spirit, Watts has become a sought-after destination for those looking to invest in real estate. With its close proximity to downtown Los Angeles, residents enjoy easy access to a plethora of amenities, including shopping, dining, and entertainment options.

One of the standout features of Watts is its diverse housing market, particularly the availability of triplex homes. These unique properties offer a fantastic opportunity for both homeowners and investors alike. A triplex allows for multiple rental units, providing a steady stream of income while also offering the flexibility of living in one unit and renting out the others. This makes triplex homes an ideal choice for families looking to create a multi-generational living environment or for investors seeking to maximize their rental portfolio.

Watts is also known for its community-focused initiatives and numerous parks, including the renowned Watts Towers, a stunning landmark that showcases the artistic spirit of the neighborhood. The area is characterized by its strong sense of community and active local organizations, making it a welcoming place for newcomers.

With the ongoing revitalization efforts and investment in infrastructure, Watts is on the rise. Whether you’re looking to settle down in a charming triplex or explore investment opportunities, Watts offers a unique blend of culture, community, and potential. Come discover the possibilities that await you in this dynamic Los Angeles neighborhood!

Newest Watts (WATT) Homes with Triplex Subtype

$950,000
SB26073220 MLS ⋅ Active Status
Amazing Owner-User or Investment Opportunity awaits at 2104 E 113th St, an income-producing 3-unit property situated on a massive 10,295 SF lot in a rapidly appreciating Los Angeles submarket. One of the 2-bedroom/1-bathroom units will be delivered entirely vacant! Live in One unit and cash-flow via the two rented units! The true crown jewel of this offering, however, is the fully approved, Ready-To-Issue (RTI) plans (See Attached). The site is shovel-ready to construct a brand new 1,019 SF detached 3-bedroom/2-bathroom ADU, alongside a 538 SF expansion to an existing 2-bedroom unit to increase to 1,204sqft! This allows an investor to effortlessly transform the asset into a high-yielding, 4-unit compound without the typical delays of the city entitlement process. Perfect owner-user or Investment Opportunity with immediate upside for market-rate leasing. Unmatched Value-Add Potential. This property offers the ultimate blank canvas for investors or owner-users to immediately drive cash flow and force appreciation. Listed at just $372.40/SF, the subject property offers a significant discount against the market average of $475.62/SF. Strategically located It sits just minutes from the monumental developments transforming Inglewood and the South Bay, including the $5 billion SoFi Stadium, the cutting-edge $2 billion Intuit Dome, and the sprawling 300-acre Hollywood Park entertainment district. With the 2028 Summer Olympics on the horizon and billions flowing into LAX infrastructure, this centralized hub is a magnet for highly qualified tenants and explosive economic growth.

2106 E 113th, Los Angeles

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.