3024 Wellington Road, Los Angeles, California, 90016
$3,099,000
Multi-family
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, 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 fast-growing market. This is your chance to own a turnkey investment in one of LA’s hottest neighborhoods—don’t miss out!
Electric: Standard
Sewer: Public Sewer
Water Source: Public
# of Parking Spaces: 6.00
Lot Features: Landscaped
Exterior Features:Lighting
Property Condition : Turnkey
Number Of Buildings: 2
Road Frontage: City Street
Road Surface: Paved
Parcel Identification Number: 5050029044
Cooling: Has Cooling
Heating: Has Heating
Heating Type: Central
Cooling Type: Central Air
Architectural Style : Modern
Year Built Source: Builder
Fireplace Features : None
Common Walls: No Common Walls
Appliances: Dishwasher,Electric Oven,Electric Range,Instant Hot Water,Microwave,Refrigerator
Laundry Features: Dryer Included,Electric Dryer Hookup,Inside,Washer Hookup,Washer Included
Laundry: Has Laundry
Zoning: LARD1.5
MLSAreaMajor: C20 - Hollywood
Street Address: 3024 Wellington Road
City: Los Angeles
State: California
Postal Code: 90016
County: Los Angeles
MLS Number: BB25089874
Year Built: 2025
Courtesy of Myunits.com Inc.
Courtesy of The Beverly Hills Estates
