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$ 3,099,000
Est. payment /mo
Open Thu 4AM-7AM
3024 Wellington Road Los Angeles, CA 90016
15 Beds
17 Baths
OPEN HOUSE
Thu Jul 10, 4:00am - 7:00am
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB25089874
Bedrooms 15
Property Sub-Type Res Income 2-4 Units
Property Description
3024 Wellington Rd is a brand-new, non-rent controlled, OPPORTUNITY ZONE fourplex in the heart of West Adamsone 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 Caf, 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% leasedwith units rented at $4,995, $4,895 and $4,250and active applications on the remaining 4-bedroom homes. This rapid lease-up confirms the property is extremely rentable and highly desirable to todays tenants. Each unit is separately metered for utilities, ensuring minimal operating costs, and the property is backed by a 1-year builders 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, large front and rear-facing balconies, and sleek contemporary designs tailored to meet the demands of todays renters. Positioned in the thriving West Adams neighborhood, the property guarantees high tenant demand and strong long-term appreciation. With its low-maintenance design, upscale units, and unbeatable l
Location
State CA
County Los Angeles
Zoning Builder
Direction Just 3 minutes south of the I-10 via La Brea (exit, head south, left on 30th, right on Wellington), 3024 Wellington Rd sits in t
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Tax ID 5050029044
Virtual Tour https://www.myunits.com/buy/3024wellington
Listed by Lauren Cearley Myunits.com Inc.