3024 Wellington Road, Los Angeles, CA 90016
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
Listed by:lauren cearley
Office:san diego
MLS#:BB25089874
Source:San Diego MLS via CRMLS
Price summary
- Price:$2,985,000
About this home
3024 Wellington Rd is a brand-new, non-rent controlled, FULLY OCCUPIED fourplex in the heart of West Adamsone 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 Caf, Alta Adams, Mizlala, and Cento Pasta Bar, this stunning property is projected to generate over $225,360 in annual rent, offering a strong REAL 5.93% 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 todays tenants. Each unit is separately metered for utilities, ensuring minimal operating costs, and the property is backed by a 1-year builders 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 todays 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
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Home facts
- Listing ID #:BB25089874
- Added:166 day(s) ago
- Updated:October 08, 2025 at 01:58 PM
Rooms and interior
- Bedrooms:15
- Total bathrooms:17
Heating and cooling
- Cooling:Central Forced Air
Finances and disclosures
- Price:$2,985,000
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS®, Inc.New listings near 3024 Wellington Road
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