3024 Wellington Road
Los Angeles, CA, 90016
$3,199,000
Beds
0 Baths
SqFt
0.12 Acres
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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 5.60% 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!

Property Details

Price:
$3,199,000
MLS #:
BB25089874
Status:
Active
Baths:
0
Address:
3024 Wellington Road
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
c20hollywood
City:
Los Angeles
Listed Date:
Apr 23, 2025
State:
CA
ZIP:
90016
Lot Size:
5,038 sqft / 0.12 acres (approx)
Year Built:
2025
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Interior

Appliances
Dishwasher, Electric Oven, Electric Range, Instant Hot Water, Microwave, Refrigerator
Cooling
Central Air
Fireplace Features
None
Heating
Central
Interior Features
Open Floorplan, Recessed Lighting
Window Features
Double Pane Windows

Exterior

Community Features
Sidewalks, Street Lights
Electric
Standard
Exterior Features
Lighting
Garage Spaces
0.00
Lot Features
Landscaped
Parking Features
Assigned, Uncovered
Parking Spots
6.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
3
View
City Lights, Neighborhood
Water Source
Public

Financial

Taxes
$38,369
Tenant Pays
All Utilities

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Community

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3024 Wellington Road
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