2616 Wellington Rd, Los Angeles, CA 90016

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2616 Wellington Rd Los Angeles, CA 90016

$1,175,000 Sold Price as of 01/31/2022

3 Beds
3 Baths
2,267 Sq.Ft.

Sold

$1,175,000 Sold Price as of 01/31/2022 Refinance Your Mortgage

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Map preview of 2616 Wellington Rd, Los Angeles, CA 90016

Property Overview: 2616 Wellington Rd Los Angeles, CA has 3 bedrooms, 3 bathrooms, 2,267 living square feet and 6,312 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are proud to present the opportunity to purchase this VACANT bungalow style duplex adjacent to the bustling neighborhoods of West Adams and Crenshaw. The duplex is 2,267sf and sits on a 6,312sf LARD1.5 50-foot wide corner lot with a gated alley in an Opportunity Zone and is eligible for T.O.C. Tier 2 bonuses. Perfect for a value add or ground up development project. The lot includes (1) 2Br+2Ba unit and (1) 1Br+1Ba unit; both are fully vacant. The 2Br unit comes complete with a 366sf finished garage and access to a spacious backyard with tiled flooring and a patch of grass for landscaping. Located near major bus lines and the 10 Fwy. Close to many casual and popular eateries such as Phillips Bar-B-Que, Johnny's Pastrami and Honey Bee's House of Breakfast.

Listed by Yohann Bensimon | BRE #01966630 | Keller Williams Hollywood Hills
Co-listed by Nikolay Samokhvalov | BRE #01995986 | Keller Williams Hollywood Hills

Last checked: 15 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft: 6,312
HOA Dues: $0/mo
Year built: 1923
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 21770812
City: Los Angeles
County: Los Angeles
Time on Site: 1012 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Total Rent: $0

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 0
Gross Scheduled Income: --
Net Operating Income: $0
Gross Operating Income: $0

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 2616 Wellington Rd

Interior Features

Heating Information

Has Heating
Fireplace(s)

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 2
Has Parking
Parking Features: Driveway, Gated

Property Information

Total # of Units: 2
Parcel Number: 5050002023
Architectural Style: Bungalow

Location / Neighborhood

Location Information

Directions: One block south of West Adams, three blocks north of Jefferson, two blocks east of Buckingham Rd, three blocks west of Crenshaw

View more facts & features

Local Los Angeles Agent

Sale History for 2616 Wellington Rd

Last sold for $1,175,000 on January 31st, 2022

September, 2021
Sep 5, 2021

Date

Pending

CRMLS: 21770812

$1,195,000

Price
Aug 10, 2021

Date

Active

CRMLS: 21770812

$1,195,000

Price
August, 2021
Aug 10, 2021

Date

Canceled

CRMLS: 21761388

$1,195,000

Price
Jul 15, 2021

Date

Active

CRMLS: 21761388

$1,195,000

Price
Listing provided courtesy of CRMLS
July, 2021
Jul 15, 2021

Date

Canceled

CRMLS: 21751476

$1,200,000

Price
Jun 22, 2021

Date

Active

CRMLS: 21751476

$1,200,000

Price
Listing provided courtesy of CRMLS

We are proud to present the opportunity to purchase this bungalow style duplex adjacent to the bustling neighborhoods of West Adams and Crenshaw. The duplex is 2,023sf and sits on a 6,312sf LARD1.5 50-foot wide corner lot with a gated alley in an Opportunity Zone and is eligible for T.O.C. Tier 2 bonuses. Perfect for a value add or ground up development project. The lot includes (1) 2Br+2Ba unit in great condition that will be delivered vacant and (1) occupied 1Br+1Ba unit. The 1Br unit is currently rented to low income residents at $1,124/mo. The 2Br unit, which is owner-occupied but will be delivered vacant, comes complete with access to a spacious backyard with tiled flooring and a patch of grass for landscaping. Located near major bus lines and the 10 Fwy. Close to many casual and popular eateries such as Phillips Bar-B-Que, Johnny's Pastrami and Honey Bee's House of Breakfast.

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December, 2002
Dec 13, 2002

Date

Sold (Public Records)

Public Records

$245,000

Price
March, 2002
Mar 29, 2002

Date

Sold (Public Records)

Public Records

$182,500

Price

Tax History for 2616 Wellington Rd

Assessed Value (2020): $374,337

Year	Land Value	Improved Value	Assessed Value
2020	$198,640	$175,697	$374,337

Home Value Compared to the Market

This property vs the competition

2616 Wellington Rd sold on January 31, 2022 for 0.42% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $527.13 per/sqft which puts the price per square foot 30.18% lower than the current median sale per square foot for the city of Los Angeles.

About 2616 Wellington Rd

Detailed summary of property

2616 Wellington Rd is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 3 bedrooms, 3 bathrooms, roughly 2,267 living square feet, and sits on an approximately 6,312 square foot lot. 2616 Wellington Rd was first listed on ArdentRealEstateGroup.com on August 10, 2021. The homeowner sold the property for $1,175,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 0.42% higher than the current median priced home. Local homes that are currently for sale include 2530 S Sycamore Ave, 2000 7th Ave and 1814 S Sycamore Ave. While the average home in Los Angeles, CA is selling in 92 days, 2616 Wellington Rd has a days on market of 7 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 2616 Wellington Rd Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2616 Wellington Rd

Public county record property details

Beds: 3
Baths: 3
Year built: 1923
Sq. Ft.: 2,023
Lot Size: 6,311
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 65
APN: 5050-002-023

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,060,000

Median List Price/Sq.Ft.

$740

Median Sold Price

$885,000

Median Sold Price/Sq.Ft.

$699

Total Inventory

Median Sale to List Price %

98.44%

Avg Days on Market

Loan Type

Conventional (21.05%), FHA (0%), VA (0%), Cash (10.53%), Other (10.53%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.