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!
New construction
Listing Provided by:
Lauren Cearley DRE #02146823 209-298-6020,
Myunits.com Inc.,
Cheyenne Womack DRE #02064825 805-973-7470,
Myunits.com Inc.
Price cut: $49K (7/8)
$3,050,000
3024 Wellington Rd, Los Angeles, CA 90016
15beds
17baths
6,339sqft
Est.:
Quadruplex
Built in 2025
-- sqft lot
$-- Zestimate®
$481/sqft
$-- HOA
What's special
Modern open-concept layoutsUpscale unitsAbundant natural lightCharming tree-lined streetLarge windowsSleek contemporary designsHigh-end finishes
- 123 days
- on Zillow |
- 110 |
- 10 |
Zillow last checked: 7 hours ago
Listing updated: August 05, 2025 at 09:08pm
Listing Provided by:
Lauren Cearley DRE #02146823 209-298-6020,
Myunits.com Inc.,
Cheyenne Womack DRE #02064825 805-973-7470,
Myunits.com Inc.
Source: CRMLS,MLS#: BB25089874
Originating MLS: California Regional MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 17
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator, Dryer, Washer
- Laundry: Washer Hookup, Electric Dryer Hookup, Inside
Features
- Open Floorplan, Recessed Lighting, Instant Hot Water
- Windows: Double Pane Windows
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 6,339
- Total interior livable area: 6,339 sqft
Video & virtual tour
Property
Parking
- Total spaces: 6
- Parking features: Assigned, Uncovered
Features
- Levels: Three Or More
- Stories: 3
- Entry location: Ground level
- Exterior features: Lighting
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: City Lights, Neighborhood
Lot
- Size: 5,038 Square Feet
- Features: Landscaped
Details
- Parcel number: 5050029044
- Zoning: LARD1.5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Modern
- Property subtype: Quadruplex
Condition
- Turnkey
- New construction: Yes
- Year built: 2025
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Street Lights, Sidewalks
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $481/sqft
- Annual tax amount: $37,169
- Date on market: 4/24/2025
- Listing terms: Submit
- Total actual rent: 18780
- Tenant pays: All Utilities
- Road surface type: Paved
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