3024 Wellington RD new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90016
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB25089874
Construction Status Turnkey
HOA Y/N No
Year Built 2025
Annual Tax Amount $38,369
Lot Size 5,039 Sqft
Property Sub-Type Quadruplex
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 areas, large front and rear-facing balconies, and sleek contemporary designs tailored to meet the demands of today's 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 LA's hottest neighborhoods—don't miss out!
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LARD1.5
Interior
Interior Features Open Floorplan,Recessed Lighting,Instant Hot Water
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Appliance Dishwasher,Electric Oven,Electric Range,Microwave,Refrigerator,Dryer,Washer
Laundry Washer Hookup,Electric Dryer Hookup,Inside
Exterior
Exterior Feature Lighting
Parking Features Assigned,Uncovered
Pool None
Community Features Street Lights,Sidewalks
View Y/N Yes
View City Lights,Neighborhood
Total Parking Spaces 6
Private Pool No
Building
Lot Description Landscaped
Story 3
Entry Level Three Or More
Sewer Public Sewer
Water Public
Architectural Style Modern
Level or Stories Three Or More
New Construction Yes
Construction Status Turnkey
Others
Senior Community No
Tax ID 5050029044
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
Virtual Tour https://www.myunits.com/buy/3024wellington