CA > Los Angeles
Los Angeles, CA 90016,3024 Wellington RD
Los Angeles, CA 90016,3024 Wellington RD
Los Angeles, CA 90016,3024 Wellington RD
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Joel Martinez

Joel Martinez

realR Way

+1(831) 230-0059
Listed by Lauren Cearley • Myunits.com Inc.
$3,099,000
Est. payment /mo
5,038 Sqft Lot
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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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agent

Joel Martinez

+1(831) 230-0059

Property Connection Specialist | License ID: 02338033

Property Connection Specialist License ID: 02338033

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