Address not disclosed, 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 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 5.82% 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 $4,250and 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
Number of Units : 4
Unit 1 : Number of Unit(s) : 1
Unit 1 : Total Bedrooms : 4
Unit 1 : Total Bathrooms : 5
Unit 2 : Number of Unit(s) : 2
Unit 2 : Total Bedrooms : 4
Unit 2 : Total Bathrooms : 5
Unit 3 : Number of Unit(s) : 3
Unit 3 : Total Bedrooms : 4
Unit 3 : Total Bathrooms : 4
Unit 4 : Number of Unit(s) : 4
Unit 4 : Total Bedrooms : 3
Unit 4 : Total Bathrooms : 3
Number of Units with Range/Oven : 4
Number of Units with Refrigerator : 4
Number of Units with Washers : 4
Neighborhood : West Adams
Parking Garage Unit 1 : Assigned
Site : Sidewalks
Cooling : Central Forced Air
Zoning : Builder
Street Address: Address not disclosed
City: Los Angeles
State: California
Postal Code: 90016
County: Los Angeles
MLS Number: BB25089874
Courtesy of Myunits.com Inc.
Courtesy of The Beverly Hills Estates
