2840 Wellington Rd - Multi-Family FOR SALE


Los Angeles, CA 90016- West Adams
$3,795,000 USD
818-859-7242
2840 Wellington Rd, Los Angeles, CA for Sale
$3,795,000 USD
Multi-Family - FOR SALE
1/20
null | 6.46% Cap Rate

2840 Wellington Rd
Los Angeles, CA 90016
West Adams


HIGHLIGHTS

  • Master Lease in place = rental stability + little to no expenses!
  • Boasts high-end, modern finishes.
  • Located minutes from Culver City’s tech and media corridor including Amazon Studios, Apple, HBO, and Sony.
  • All units separately metered for electric and water keeping operating expenses extremely low.
  • Outstanding real cap rate of 6.46%! Cash cow.
  • Dream 1031 exchange opportunity. Ready to close now!

OVERVIEW

The 5+ Unit Specialists are pleased to present 2840 Wellington Rd, a newly constructed five unit luxury investment opportunity located on a quiet residential street in prime Mid-City. This modern asset offers an outstanding 6.46% cap rate supported by approximately $300,000 in gross annual income, with a master lease in place delivering immediate rental stability and minimal operational expenses for investors seeking true day one cash flow. The property is comprised of five ultra high-end residences featuring a desirable mix of expansive four bedroom townhome-style units, a spacious three bedroom, and a one bedroom unit. Each residence showcases open concept floorplans with oversized kitchens, sleek modern cabinetry, stainless steel appliances, designer bathrooms, and abundant natural light, creating a premium living experience that strongly appeals to today’s renter. Strategically located just minutes from Culver City’s thriving tech and media corridor—including Amazon, Apple, HBO, and Sony—this central Mid-City location continues to attract strong rental demand from young professionals seeking convenient access to the Westside, Beverly Hills, and Downtown Los Angeles. With separately metered utilities, brand new construction, central HVAC, in-unit laundry, and low maintenance building systems, 2840 Wellington offers investors a turnkey, operationally efficient asset with strong in-place income and long-term upside in one of Los Angeles’ most sought-after rental submarkets.

FOR SALE DETAILS

PRICE

$3,795,000 USD

PRICE/SF

$502 USD /SF

# OF UNITS

5

PRICE/UNIT

$759,000

CAP RATE

6.46%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2840 Wellington Rd

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,300 SF

ZONING

LARD1.5

APN/PARCEL ID

5050-015-020

ASK ABOUT THIS PROPERTY

Elizabeth MaddoxMyunits.com IncMore Info
818-859-7242

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Elizabeth MaddoxMyunits.com IncMore Info
818-859-7242

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.