
3031 Wellington Road
LOS ANGELES, 90016
Ready-to-Issue Development Opportunity in Jefferson Park
3
UNITS
2&3 BR
UNITS
$1,095,000
PRICE
6,148 SF LARD2
LOT
4,076 SF
PROPERTY
FINANCIALS
SALES PRICE
PRICE PER SF
PROJECTED CAP RATE
PROJECTED GRM
PROJECTED GROSS RENTAL INCOME
$1,095,000
$178.11
7.9%
10.14
$108,000
Ikon Advisors is pleased to present this instantly cash-flowing investment opportunity in Jefferson Park on the cusp of Mid-City that comes complete with ready-to-issue plans to leverage upside. RTI plans call for the construction of a 2-story, 3-bedroom, 2.5-bathroom ADU with a 2-car garage which would be erected behind the existing 2-story duplex that sits on a 6,148 SF LARD2 lot. The existing duplex is composed of (2) 2-bedroom, 1-bathroom 1,196 SF units both currently occupied by tenants.
The surrounding Jefferson Park neighborhood is a bustling cultural community featuring a multitude of commercial spaces, hubs for creatives, and restaurants of countless cuisines with historic landmarks and architecture sprawled throughout. Investments in this vicinity will certainly appreciate for years to come.
INTERIOR
YEAR BUILT
FLOORING
APPLIANCES
OTHER INTERIOR
FEATURES
2023 *Projected
Laminate Wood Floors
Washer/Dryer, Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Range/Oven
Washer, Refrigerator
Attached Balconies, High Ceilings
EXTERIOR
STORIES
YARD
AIR CONDITIONING
PARKING
2
Manicured landscaping
Central Air & Heat
8 Car Garage, Onsite, Private

Contact Yohann about
3031 Wellington Road!
310.923.1550 | yohann@ikonadvisors.com
