3024 Wellington Rd, West Adams
West Adams 2025 Designer Fourplex | REAL 5.93% Cap | Fully Occupied!
Brand-new, non-rent controlled fourplex in prime West Adams with a REAL 5.93% cap rate and over $225K+ in annual rent. The property is fully occupied with strong A+ tenant demand. The unit mix includes three 4-bed townhomes and one 3-bed flat, all featuring modern layouts, high-end finishes, and separate utility meters. Backed by a 1-year builder’s warranty, this low-maintenance asset offers excellent returns in one of LA’s fastest-growing neighborhoods.
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:
$2,985,000
Fourplex
Sold
4
2025
5.93%
13.25
$225,360/Year
6,339 sqft
5,039 sqft
$470.89
$746,250
2 x 4b/4.5b, 1 x 4b/4b, 1 x 3b/3b
Yes
6 Exterior Spaces
No
Other Features:
No Rent Control, 100% Leased!
The Highlights
Three units leased in under 25 days, proving extremely high rentability!
FULLY LEASED! Making you money on day 1!
NO RENT CONTROL!
Located in ultra trendy and highly sought after West Adams- A major draw for A+ tenants!
Outstanding REAL cap rate of 5.93%!
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,
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
Downtown Culver City, Beverly Center, Cedars Sinai, Trader Joes, Equinox, LACMA, The Culver Hotel, El Rey Theatre, The Mint, Public School, Rodeo Drive, Wilshire Country Club, Larchmont Village
Contact
Lauren Cearley
213.302.8662
Property Presented By:
