3024 Wellington Road, Los Angeles, CA 90016
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
Listed by:lauren cearley
Office:myunits.com inc.
MLS#:CRBB25089874
Source:CA_BRIDGEMLS
Price summary
- Price:$3,050,000
- Price per sq. ft.:$481.15
About this home
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
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Home facts
- Year built:2025
- Listing Id #:CRBB25089874
- Added:112 day(s) ago
- Updated:August 15, 2025 at 02:32 PM
Rooms and interior
- Bedrooms:15
- Living area:6,339 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Year built:2025
- Building area:6,339 sq. ft.
- Lot area:0.12 Acres
Finances and disclosures
- Price:$3,050,000
- Price per sq. ft.:$481.15
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