2840 Wellington Rd, Mid-City
5-Unit New Const. | $300K Gross | 6.46% Cap | Fully Leased w/ Master Lease
2840 Wellington Rd is a newly constructed, five-unit luxury investment opportunity in prime Mid-City, offering a strong 6.46% cap rate and approximately $300,000 in gross annual income. With a master lease in place, the property provides immediate, stable cash flow in a turnkey, low-maintenance asset. Positioned near Culver City’s major tech and media hubs, it benefits from consistent rental demand and long-term growth potential in one of LA’s most desirable submarkets.
The Important
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$3,795,000
5-Unit
Pre-Market
5
2024
6.46%
12.65
$300,000/Year
7,561 sqft
6,300 sqft
$501.92
$759,000
2 x 4b/4.5b, 1 x 4b/4b, 1 x 3b/3b, 1 x 1b/1b
Yes
8 Parking Spaces
Yes
Other Features:
Delivered Fully Leased on a Master Lease, Designer Finishes
The Highlights
Master Lease in place = rental stability + little to no expenses!
Boasts high-end, modern finishes.
Located minutes from Culver City’s tech and media corridor including Amazon Studios, Apple, HBO, and Sony.
Prime Mid City location attracting young professionals seeking central access to the Westside, Beverly Hills, and Downtown Los Angeles.
All units separately metered for electric and water keeping operating expenses extremely low.
Modern new construction with minimal maintenance and long term durability.
Dream 1031 exchange opportunity. Ready to close now!
Near major mixed use developments including Ivy Station, Culver Steps, Cumulus, and Platform driving continued neighborhood growth
Outstanding real cap rate of 6.46%! Cash cow.
The Neighborhood
<15-Minute Walk
Highly Likely, Mel's Fish Shack, Thinkspace Gallery, Charmette Bonpua Skate Plaza, Aerial Physique, The Jefferson, Party Beer Co, SPY Projects, Sportsman's Family Billiards, Susan Miller Dorsey Senior High School, Blue8
<15-Minute Drive
Blu Jam Cafe, Pavilions,Marmalade Cafe, Tipsy Cow, Anejo Cantina, The City Golf,Buffalo Wild Wings,Starbucks, Mr. Furley's Bar, House of Billiards, Mr. Furley's Bar, Anajak Thai Cuisine, Ultrazone Laser Tag
<$15 Uber Ride
Los Angeles Valley College, Lake Balboa/Anthony C. Beilenson Park, Sky Zone Trampoline Park, Sherman Oaks Galleria, Amazon Fresh, Whole Foods Market, Van Nuys/Sherman Oaks Recreation Center, Sherman Oaks Mall
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