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!
Property Type
ResidentialCounty
Los AngelesStyle
BungalowAD ID
49641574
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Property Details
-
Interior Features
Bedroom Information
- Total Bedrooms : 3
Bathroom Information
- Total Baths: 2
- Full Baths: 2
- Half Baths: 0
Interior Features
- Interior Features: Ceiling Fan(s)
- Property Appliances: Dryer,Washer
- Fireplace: None
- Flooring: Wood
- Furnished Description: Unfurnished
Cooling Features
- Central Air
- Air Conditioning
Heating Source
- Central
- Has Heating
Fireplace
- Fireplace Features: None
- Has Fireplace: 0
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Exterior Features
Building Information
- Year Built: 1926
- Building Area Total: 1,333
Pool Features
- None
Laundry Features
- Inside,Laundry Room
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1205
- Lot Size Dimensions: 40x131
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 5251
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Listing Information
Listing Price Information
- Original List Price: 1,099,000
- Listing Contract Date: 2025-05-06
Lease Information
- Listing Agreement: Seller Reserved
-
Taxes / Assessments
Tax Information
- Parcel Number: 5050021003
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Driveway
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: C16 - Mid Los Angeles
- Postal Code Plus 4: 3611
- Directions: Adams to Wellington Road
- Zoning: LARD2
- Source Property Type: Residential
- Area: C16 - Mid Los Angeles
- Property SubType: Single Family Residence
Building and Construction
- Property Age: 99
- Structure Type: Single Family Residence
- Year Built Source: Vendor Enhanced
- Total Square Feet Living: 1333
- Levels or Stories: One
- Building Total Stories: 1
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BuyOwner last updated this listing 05/13/2025 @ 18:42
- MLS: 25534821
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 3 bedrooms which is for sale, it has 1,333 sqft, 5,251 sized lot, and 0 parking. are nearby neighborhoods.