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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-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 fast-growing market. This is your chance to own a turnkey investment in one of LA's hottest neighborhoods"”don't miss out!
| DAYS ON MARKET | 147 | LAST UPDATED | 7/8/2025 |
|---|---|---|---|
| YEAR BUILT | 2025 | COMMUNITY | C20 - Hollywood |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| PRICE HISTORY | |
| Prior to Jun 2, '25 | $3,199,000 |
|---|---|
| Jun 2, '25 - Jul 8, '25 | $3,099,000 |
| Jul 8, '25 - Today | $3,050,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Electric Oven, Electric Range, Instant Hot Water, Microwave, Refrigerator, Washer |
| AREA | C20 - Hollywood |
| EXTERIOR | Lighting |
| HEAT | Central |
| INTERIOR | Open Floorplan, Recessed Lighting |
| LOT | 5040 sq ft |
| LOT DESCRIPTION | Landscaped |
| PARKING | Assigned |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 3+ |
| STYLE | Modern |
| TAXES | 37169 |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights, Neighborhood |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 9/18/25 8:02 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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