3601 Wellington Road, Los Angeles, CA 90016
List Price: $900K
Listing Status: Active
0Days on Market: 84
0 Bedrooms · 0 Bathrooms · 3,909 sq ft
Property Type: ResidentialIncome
Year Built: 1931
Lot Size: 8,275 sq ft
MLS Number: 26641143
About This Property
The subject property is a Mid-City compound located in a desirable pocket for renters and homeowners alike. The complex consists of 5 units with an excellent mix of 3(2+1)'s and 2(1+1)'s. The structure contains 3,909 square feet and is situated on a large 8,273 square foot lot, zoned LAR2. The income is significantly below market which is an opportunity for a creative investor to deploy a tenant buyout program as well as capitalize upon tenant turnover. The current income is $6,354 per month and the annual income is over $76,000 annually. This long-term investment will not last. This is a prime asset in the middle of the LA, with access to Metro, DTLA, USC and the trendy upscale restaurants and bars in Mid-City.