3024 Wellington Road Active 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
Square Footage 6,339 sqft
Price per Sqft $481
MLS Listing ID CRBB25089874
Bedrooms 15
Year Built 2025
Lot Size 5,038 Sqft
Property Sub-Type Quadruplex
Property Description
3024 Wellington Rd is a brand-new, non-rent controlled, FULLY OCCUPIED 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 $225,360 in annual rent, offering a strong REAL 5.78% cap rate and exceptional return on investment. It only took 25 days on market to lease 75% of this building (now 100% leased)—with units rented at $4,995, $4,895, $4,595 and $4,250. 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-faci
Location
State CA
County Los Angeles
Zoning LARD
Interior
Heating Central
Cooling Central Air
Laundry Dryer,Washer,Other,Inside
Exterior
Exterior Feature Other
View Y/N true
View City Lights,Other
Building
Lot Description Landscaped
New Construction No