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$ 3,795,000
Est. payment /mo
New
2840 Wellington Road Los Angeles, CA 90016
15 Beds
17 Baths
6,300 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26104696
Bedrooms 15
Lot Size 6,300 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
2840 Wellington Rd is a newly constructed five unit luxury investment opportunity located on a quiet residential street in prime Mid-City. This modern asset offers an outstanding 6.46% cap rate supported by approximately $300,000 in gross annual income, with a master lease in place delivering immediate rental stability and minimal operational expenses for investors seeking true day one cash flow. The property is comprised of five ultra high-end residences featuring a desirable mix of expansive four bedroom townhome-style units, a spacious three bedroom, and a one bedroom unit. Each residence showcases open concept floorplans with oversized kitchens, sleek modern cabinetry, stainless steel appliances, designer bathrooms, and abundant natural light, creating a premium living experience that strongly appeals to todays renter. Strategically located just minutes from Culver Citys thriving tech and media corridorincluding Amazon, Apple, HBO, and Sonythis central Mid-City location continues to attract strong rental demand from young professionals seeking convenient access to the Westside, Beverly Hills, and Downtown Los Angeles. With separately metered utilities, brand new construction, central HVAC, in-unit laundry, and low maintenance building systems, 2840 Wellington offers investors a turnkey, operationally efficient asset with strong in-place income and long-term upside in one of Los Angeles most sought-after rental submarkets.
Location
State CA
County Los Angeles
Zoning Builder
Direction Located on Wellington Rd, South of the 10 Freeway.
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Senior Community No
Tax ID 5050015020
Listed by Cheyenne Womack, DRE#02064825 Myunits.com Inc.
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