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Listed by Lauren Cearley • Myunits.com Inc.
$ 3,099,000
Est. payment /mo
Price Dropped by $100K
3024 Wellington RD Los Angeles, CA 90016
5,038 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB25089874
Style Contemporary
Year Built 2025
Lot Size 5,038 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
3024 Wellington Rd is a brand-new, non-rent controlled, OPPORTUNITY ZONE fourplex in the heart of West Adams-one of Los Angeles' most vibrant and sought-after neighborhoods. Nestled on a charming tree-lined street just a few blocks from local favorites like Highly Likely Café, Alta Adams, Mizlala, and Cento Pasta Bar, this stunning property is projected to generate over $230,160 in annual rent, offering a strong 5.82% cap rate and exceptional return on investment. With only 25 days on market, the building is already 75% leased-with units rented at $4,995, $4,895 and $4,250-and active applications on the remaining 4-bedroom homes. This rapid lease-up confirms the property is extremely rentable and highly desirable to today's tenants. Each unit is separately metered for utilities, ensuring minimal operating costs, and the property is backed by a 1-year builder's warranty for peace of mind. The fourplex (triplex + ADU "in name only") consists of three spacious 4-bedroom townhomes and one 3-bedroom unit, all thoughtfully designed to maximize space and functionality. Modern, open-concept layouts feature high-end finishes, stainless-steel appliances, abundant natural light, and large windows that enhance the living experience. Additional highlights include expansive living areas,
Location
State CA
County Los Angeles
Area C20 - Hollywood
Rooms
Kitchen Dishwasher, Microwave, Oven Range - Electric, Refrigerator, Oven - Electric
Interior
Heating Central Forced Air
Cooling Central AC
Laundry 30, Other, Washer, Dryer, 9
Exterior
Parking Features Assigned Spaces, Uncovered Parking
Garage Spaces 6.0
Pool 31, None
View Local/Neighborhood, City Lights
Building
Story Three or More Stories
Water Hot Water, District - Public
Architectural Style Contemporary
Others
Tax ID 5050029044
Special Listing Condition Not Applicable
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