3031 Wellington Road
LOS ANGELES, 90016
Ready-to-Issue Development Opportunity in Jefferson Park
6,148 SF LARD2
PRICE PER SF
PROJECTED CAP RATE
PROJECTED GROSS RENTAL INCOME
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.