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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

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Contact Yohann about 
3031 Wellington Road!

310.923.1550 | yohann@ikonadvisors.com

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Yohann Bensimon | CALDRE #01966630

Interested in this property?

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