
Los Angeles, California 90016
This Versatile Residential Property represents a High-Potential Investment Opportunity, listed at $1,299,900—positioned above the $1,251,495 Fair Market Value. While priced at a premium, the property features a Condition Rating of 2, reflecting a comprehensive modern renovation and a newly constructed ADU. With separately metered utilities and updated infrastructure, this asset is optimized for income generation. The property is an ideal acquisition for Buy-and-Hold Investors seeking immediate rental cash flow or Owner-Occupants looking to offset mortgage costs through flexible, multigenerational living arrangements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3021 Wellington Road Subject | $1,299,900* List Price | 3 | 3 | 1,404 | $891 | - |
A 2807 Somerset Drive Sold | $1,540,000 | 3 | 2 | 1,585 | $972 | 0.3 mi |
B 3441 Virginia Road Sold | $999,900 | 3 | 2 | 1,446 | $691 | 0.2 mi |
C 2916 Hillcrest Drive Sold | $1,580,000 | 3 | 2 | 1,564 | $1,010 | 0.3 mi |
D 3722 Somerset Sold | $1,010,000 | 2 | 2 | 1,387 | $728 | 0.5 mi |
E 2934 Hillcrest Drive Sold | $1,350,000 | 3 | 2 | 1,764 | $765 | 0.2 mi |
F 3510 Somerset Sold | $1,080,000 | 3 | 2 | 1,284 | $841 | 0.2 mi |
G 2938 Virginia Road Sold | $1,152,000 | 3 | 1 | 1,164 | $990 | 0.1 mi |
H 2942 Hillcrest Drive Active Under Contract | $1,349,000 List Price | 3 | 2 | 1,644 | $821 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1927, the property has undergone a comprehensive modern renovation within the last 5 years. It features a brand-new kitchen with stainless steel appliances and quartz countertops, updated flooring, recessed lighting, and new HVAC and electrical systems. The addition of a newly constructed ADU and the mint condition of the interior and exterior indicate no immediate maintenance is required.
The property features two separate addresses and a fully constructed ADU, providing exceptional flexibility for rental income, multigenerational living, or offsetting mortgage costs.
Both units have been thoughtfully renovated with updated HVAC systems and separately metered gas and electric, reducing owner overhead and improving tenant management.
Situated in the sought-after Wellington Square area of West Adams, the property offers a blend of 1920s character and proximity to Los Angeles' growing culinary and cultural hubs.
The property is zoned for middle and high schools with low performance ratings, which may be a concern for families prioritizing public education quality.
With a list price of nearly $1.3 million for approximately 1,404 square feet of living space, the property commands a premium price point that may challenge some buyers' valuations.
Welcome to an exceptional investment and lifestyle opportunity in the highly sought-after West Adams area of Los Angeles. Located on a beautiful residential street, this versatile property features two separate addresses 3021 and 3023 Wellington Road a complete constructed ADU, offering an outstanding combination of income potential, flexibility, and long-term value. Thoughtfully renovated and designed for modern living, the property offers multiple living spaces with separately metered gas and electric, providing convenience and flexibility for both owners and tenants. HVAC systems in both units add year-round comfort, while the ADU creates an additional opportunity for rental income, a private guest suite, home office, or multigenerational living. The main residences offer inviting living spaces, comfortable bedrooms, updated amenities, and an appealing blend of classic Los Angeles character with contemporary functionality. The generous lot provides valuable outdoor space and additional possibilities for entertaining, gardening, or simply enjoying the Southern California lifestyle. Situated in West Adams/Wellington Square, the property enjoys a prime location surrounded by historic residential streets and convenient access to some of Los Angeles' most vibrant neighborhoods. Enjoy close proximity to restaurants, cafes, shopping, entertainment, major transportation corridors, and the growing number of exciting developments throughout West Adams and surrounding Mid-City. Whether you're an investor seeking multiple income-producing spaces, an owner-user looking to offset your mortgage with rental income, or a multigenerational household looking for flexibility, 3021 & 3023 Wellington Road presents a rare opportunity to own a versatile property with exceptional potential in one of Los Angeles' most desirable and evolving neighborhoods.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.9 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,404 | 1,664.159 |
| Lot Size | 6,150 | 6,066.556 |
| Price | $1.30M | $1.35M |
| Price per sq ft | $926 | $806 |
| Built year | 1927 | 1939 |
| HOA | $0 | $278 |
| Days on market | 14 | 55 |
Aug 26, 2026
$1,299,900
Initial Listing
Apr 12, 2001
$145,000
Public Record