3022 Wellington Rd, West Adams
High-End Opp. Zone Fourplex in Trendy West Adams
This brand-new, non-rent controlled OZ fourplex in vibrant West Adams offers a prime investment opportunity. Projected to generate over $229,740 annually, the property includes three 4 bed units and one 3 bed unit, all with modern layouts, high-end finishes, and natural light. Located in an Opportunity Zone, it provides tax incentives (consult your CPA). With separately metered utilities and a 1-year builder’s warranty, it’s a low-maintenance, high-reward investment!
The Important
Details
List Price:
Property Type:
Status:
# Units:
Year Built:
Cap Rate:
GRM:
Gross Rent:
Bldg. SF:
Lot SF:
$/SF:
$/Unit:
Unit Mix:
Opportunity Zone:
Parking:
Rent Control:
$3,199,000
Fourplex
Pre-Market
4
2024
5.40%
13.92
$229,740 (Pro Forma)
6,339 sqft
5,039 sqft
$504.65
$799,750
2 x 4b/4.5b, 1 x 4b/4b, 1 x 3b/3b
Yes
6 Exterior Spaces
No
Other Features:
No Rent Control, Opportunity Zone
The Highlights
NO RENT CONTROL!
Located in ultra trendy and highly sought after West Adams- A major draw for A+ tenants!
OPPORTUNITY ZONE! Major tax benefit (consult CPA).
Outstanding projected cap rate of 5.40%!
One of the best priced luxury new construction fourplexes in the Mid-City/West Adams area.
Residential, tree-lined street!
Boasts high-end, modern finishes and convenient in-unit laundry.
Ideal unit mix of three 4 bedrooms and one 3 bedroom! High income producing property!
All units separately metered. Tenants pay all utilities, making for minimal expenses.
Dream 1031 exchange opportunity. Low maintenance and high return.
Short drive to countless trendy restaurants, shops and mixed-use developments such as Highly Likely, the Culver Steps, and Platform!
An impressive walk score of 85, you'll find a vibrant mix of dining, entertainment, and local hotspots just steps away!
The Neighborhood
<15-Minute Walk
Alta, Open Face Food Shop, Tartine West Adams, Mecca Mid-City, Mian, Genesee Avenue Park, Delicious Pizza, The Gathering Spot LA, Martin Avenue Elementary School, Cliffs of Id, Bee Taqueria
<15-Minute Drive
The Culver Steps, Ivy Station, Amazon Studios, Sony Pictures, Cognoscenti Coffee, Pasta Sisters, Father's Office, Kaiser Permanente, The Grove, The Farmer's Market, Mandrake, Target, Midtown Shopping Center
<$15 Uber Ride
The Culver Steps, Ivy Station, Amazon Studios, Sony Pictures, Cognoscenti Coffee, Pasta Sisters, Father's Office, Kaiser Permanente, The Grove, The Farmer's Market, Mandrake, Target, Midtown Shopping Center
Contact
Lauren Cearley
213.302.8662
Property Presented By:
