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 Details
Price:
$1,099,000
MLS #:
25534821
Status:
Active
Beds:
3
Baths:
2
Address:
2911 Wellington Road
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
May 6, 2025
State:
CA
Finished Sq Ft:
1,333
ZIP:
90016
Lot Size:
5,251 sqft / 0.12 acres (approx)
Year Built:
1926
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Schools
Interior
Cooling
Central Air
Fireplace Features
None
Flooring
Wood
Heating
Central
Interior Features
Ceiling Fan(s)
Exterior
Parking Features
Driveway
Parking Spots
2.00
Pool Features
None
Spa Features
None
Stories Total
1
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City Lights
Financial
Map
Community
- Address2911 Wellington Road Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90016
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2911 Wellington Road
Los Angeles, CA
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