3024 Wellington Rd - Apartments FOR SALE


Los Angeles, CA 90016- Crenshaw
$3,199,000 USD
213-302-8662
3024 Wellington Rd, Los Angeles, CA for Sale
$3,199,000 USD
Apartments - FOR SALE
1/49

3024 Wellington Rd
Los Angeles, CA 90016
Crenshaw


HIGHLIGHTS

  • Three units leased in under 25 days, proving extremely high rentability!
  • NO RENT CONTROL!
  • Located in ultra trendy and highly sought after West Adams- A major draw for A+ tenants!
  • Outstanding projected cap rate of 5.60%!
  • One of the best priced luxury new construction fourplexes in the Mid-City/ West Adams area.
  • All units separately metered. Tenants pay all utilities, making for minimal expenses.

OVERVIEW

The 2-4 Unit Specialists are excited to present 3024 Wellington Rd, 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!

FOR SALE DETAILS

PRICE

$3,199,000 USD

# OF UNITS

4

PRICE/UNIT

$799,750

CAP RATE

5.6%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West Adams 2025 Designer Fourplex | 5.60% Cap

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,038 SF

ZONING

LARD1.5

APN/PARCEL ID

5050-029-044

ASK ABOUT THIS PROPERTY

Lauren CearleyMyunits.com IncMore Info
213-302-8662

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Lauren CearleyMyunits.com IncMore Info
213-302-8662

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