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Listed by Elizabeth Maddox • Myunits.com Inc.
$3,199,000
Est. payment /mo
6,339 SqFt
Active
3024 Wellington Road Los Angeles, CA 90016
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 6,339 sqft
Price per Sqft $504
MLS Listing ID CRBB25089874
HOA Y/N No
Year Built 2025
Lot Size 5,038 Sqft
Property Sub-Type Quadruplex
Source Datashare California Regional
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 5.60% 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 $4,295—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
Location
State CA
County Los Angeles
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Dryer, Washer, Other, Inside
Exterior
View City Lights, Other
Building
Lot Description Landscape Misc
Water Public
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