Price reduction bring your offers. 2023 Newer construction. All units are occupied and actual rents are shown. The best priced property in Mid City. The property is located in the opportunity zone and non rent controlled. The water, Gas and Electricity are separately metered for all units. An incredible modern Spanish style design. High ceilings on the first floor. The rear units have Juliet balconies, regular balcony and private rear deck. The private rear decks are surrounded by hedges to give the maximum privacy for each unit. The front single family home has a large balcony on the second floor and patio on the first floor. The stainless steel appliances and washer, dryer are included. This is a real 3 units building and no ADU's. There are many french doors in units and enormous amount of natural light flowing into all units. There is central Air condition and heating. Operating expenses are very low. Your expenses are Gardner, taxes, insurance and misc repairs. Very close to Culver City, Whole foods, metro rail and walking distance from restaurants. Each unit is pre wired with it's own security camera system. The actual rents shown on the listing. Great cash flow and very low expenses. All Occupants to remain in the unit at close of escrow. Total monthly rental income $14,075.00.
Multi-familyProperty Type
2023Year Built
6,147 sq ftLot Size
$432Price/Sq.Ft.
7 spacesParking
Listed by Suminda Sellahewa•DRE #01155576• Avarnka Real Estate, Inc.
West Adams, located between Culver City and Downtown Los Angeles, is a historic and residential Los Angeles neighborhood with grand Victorian-era homes and a growing food-and-arts corridor. The neighborhood’s character concentrates along Adams Boulevard near La Brea Avenue, where coffee counters, chef-driven dining rooms, and small galleries line the street. Landmark Craftsman and Queen Anne houses sit beside brick commercial blocks and pocket gardens, giving the area a layered streetscape. The West Adams Heritage Association anchors preservation-minded programming and walking tours. Alta Adams and Mizlala West Adams act as local pillars for dining and gathering. The Expo Line at La Brea/Expo frames a transit-linked edge for daily routines.
Provided by Walk Score and Local Logic
Market insights
3045 Wellington Rd · $2,269,000
DAYS ON MARKET
191 days
The average home goes pending in 68 days.
SALE-TO-LIST
97.7%
Most homes are selling 2% below list price.
LIST PRICE
$2,269,000
Median list price in this area is $1,134,452. (50% lower than this home)
PRICE DROP
1 price drop
15% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Double-pane windows
Garbage disposal
Dryer
Dishwasher
Microwave
Washer
Refrigerator
Range/Oven
Low-flow toilets
Bedrooms
Unit mix includes 4-bedroom units (units listed with 4 beds)
Bathrooms
Units include baths (examples: 4.5, 4.0)
Kitchen
Microwave
Free-standing gas range
Gas oven
Laundry & utility
In-unit laundry
Laundry in closet
Flooring
Laminate floors
Tile floors
Heating & cooling
Central heating
Central cooling
Gas tankless water heaters
Exterior features
Balcony
Custom built details
No patio
Fee land lease
No alley
Home design
Residential income property
Townhouse-style units
Two-level building
Attached/common walls
Faces east
New construction
Parking
Total of 7 parking spaces
2 covered parking spaces
Attached parking and on-street parking available
Uncovered parking spaces
Security
Smoke detector
Fire sprinklers
Carbon monoxide detectors
Construction
Stucco exterior
No foundation (listed as none)
Utilities
Sewer connects in street
Separate gas, electric and water meters for units
Tenant utilities: gas, electric, water, trash
Owner pays gardener
HOA & community
No HOA amenities listed
Complex contains 3 total units
Financial info
Actual monthly rent reported: $14,000
Actual annual gross rent: $168,000
Net operating income: $134,400
Cap rate: 5.92
Gross rent multiplier: 13.5
Three units leased as listed
Unit rents examples: $4,800, $4,700, $4,500
Other
Property zoning: LARD2
Number of buildings: 2
Property condition: New construction
Electricity and solar
View estimated energy costs and solar savings for this home
Construct a new two-story single-family home with an attached two-car garage. A fire sprinkler system will be installed throughout the building.
Fire sprinkler
New construction
Dec 13, 2022 • Final
Fire sprinkler
Install a fire sprinkler system according to NFPA 13D standards. Work includes a domestic water meter with no backflow preventer.
Fire sprinkler
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Local insights from Redfin agents
The LA market is rewarding realistic pricing and good strategy. Buyers have more choices and are taking their time, while sellers who price correctly are still getting results. The days of simply “testing the market” are behind us—in this market,...