Property Details
About this Property
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, l
MLS Listing Information
MLS #
CRBB25089874
MLS Source
California Regional MLS
Days on Site
30
Interior Features
Appliances
Dishwasher, Microwave, Other, Oven - Electric, Oven Range - Electric, Refrigerator, Dryer, Washer
Cooling
Central Forced Air
Heating
Central Forced Air
Exterior Features
Pool
None
Style
Contemporary
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Garage: 0 Car(s)
Contact Information
Listing Agent
Lauren Cearley
Myunits.com Inc.
License #: 02146823
Phone: –
Co-Listing Agent
Cheyenne Womack
Myunits.com Inc.
License #: 02064825
Phone: (805) 973-7470
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 3 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 1,278 | – | 0/0 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
3024 Wellington Rd is a Residential Income in Los Angeles, CA 90016. This – square foot property sits on a 5,038 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,199,000 and was built in 2025. This address can also be written as 3024 Wellington Rd, Los Angeles, CA 90016.
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This listing information is up-to-date as of May 08, 2025. For the most current information, please contact Lauren Cearley
