48
See all 48 photos
$3,199,000
Est. payment /mo
15 Beds
17 Baths
5,038 Sqft Lot
Active
3024 Wellington Road Los Angeles, CA 90016
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
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
HOA Y/N No
Lot Size 5,038 Sqft
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 5.60% 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 $4,295and 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
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 5.60% 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 $4,295and 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 location, 3024 Wellington Rd is an exceptional opportunity for investors looking to secure a premium property in a fastgrowing market. This is your chance to own a turnkey investment in one of LAs hottest neighborhoodsdont miss out!
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 5.60% 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 $4,295and 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 location, 3024 Wellington Rd is an exceptional opportunity for investors looking to secure a premium property in a fastgrowing market. This is your chance to own a turnkey investment in one of LAs hottest neighborhoodsdont miss out!
Location
State CA
County Los Angeles
Area Los Angeles (90016)
Zoning Builder
Interior
Cooling Central Forced Air
Exterior
Parking Features Unit1:Assigned
Building
Lot Description Sidewalks
Story 3
Lot Size Range 4000-7499 SF
Level or Stories 3 Story
Others
Space Rent $4,895
Virtual Tour https://www.myunits.com/buy/3024wellington
Listed by Elizabeth Maddox • Myunits.com Inc.
GET MORE INFORMATION
QUICK SEARCH
- Home for Sale in Downtown HOT
- Homes For Sale in Point Loma, San Diego, CA
- Homes For Sale in San Diego, CA
- Homes For Sale in Chula Vista, CA
- Homes For Sale in La Jolla, CA
- Homes For Sale in Del Mar, CA
- Homes For Sale in Solana Beach, CA
- Home for Sale in Encinitas
- Home for Sale in Rancho Santa Fe
- Home for Sale in Mission Hills
- Home for Sale in Bay Ho
- Home for Sale in Bay Park
- Home for Sale in Rancho Bernardo
- Home for Sale in Del Cerro
- Home for Sale in La Mesa
- Home for Sale in Coronado
- Home for Sale in Cardiff By The Sea
- Home for Sale in Carlsbad
- Home for Sale in Oceanside
- Home for Sale in Carmel Valley HOT
- Home for Sale in Kensington
- New Condos in San Diego HOT
- Home for Sale in Pacific Gate Tower HOT
- Home for Sale in Savina Tower HOT