Listing Agent: Dana Brody      Broker/Office: Dana Brody
2911 Wellington Road Los Angeles CA 90016
$ 1,099,000
  3   |    2   |    1333 Sq Feet

Listing ID

#25534821

Status

Active

Property Type

Single Family Residence

Property Style

Bungalow

County

Los Angeles

Year Built

1926

Days on website

1

Description
Amazing opportunity to add value in a prime location! Amazing property located on a beautiful tree-lined street close to everything, including many popular shops and restaurants in Mid-City, West Adams and Culver City. We are very pleased to offer 2911 Wellington Road, a 3 bedroom 2 bath totaling 1,333 sf on an underutilized 5,233 square foot lot zoned R2 with huge potential to significantly increase the rental income stream through the addition of new units on the lot. Updated zoning laws for R2 lots allows a new owner to divide the existing house into a triplex (convert existing to duplex with a newly attached junior ADU) and add two detached ADUs at the rear, creating a new 5 unit income generating property on this lot (Buyer to do their own investigations to verify). The multi-family rental market in the immediate area is extremely strong, multiple new construction units are renting for $6,000+ per unit less than one block away. Property also has previously fully approved plans for a detached 2 bed + Study + 3 bathroom 2-story 1,200 SF ADU unit with 4 car garage which Buyer can use or modify to maximize the number of units to be built now that many more can be built on the lot. Amazing opportunity to get into this hot rental market and maximize rental income by building additional units on the lot and generating significant monthly income in a prime rental market!
Location
Financial Information
List Price:  $ 1099000
Property Features
Appliances:  Dryer, Washer
Direction Faces:  East
Flooring:  Wood
Furnished:  Unfurnished
Heating:  Central
Laundry Features:  Inside
Levels:  One
Other Structures:  Gazebo
Parking Features:  Driveway
Senior Community YN:  false
Senior Community YN:  false
MLS Area Major:  C16 - Mid Los Angeles
City:  Los Angeles
Listed By:   Dana Brody   Dana Brody 
CA Lic#