2911 Wellington RD new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90016
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,333 sqft
Price per Sqft $824
MLS Listing ID 25529073
Bedrooms 3
Year Built 1926
Lot Size 5,248 Sqft
Property 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
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD2
Rooms
Other Rooms Gazebo
Interior
Heating Central
Cooling Central Air
Flooring Wood
Exterior
Parking Features Driveway
Building
Story 1
New Construction No
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard