2840 Wellington Road,Los Angeles, CA 90016
Los Angeles, CA 90016
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 today’s renter. Strategically located just minutes from Culver City’s 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.
Details
| MLS # | BB26104696 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2024 |
| Days On Site | 100 |
| Listing Provided By | Myunits.com Inc. | Cheyenne Womack |
Features
| SQ Feet | 7,561 |
|---|---|
| Garage | 2 |
| Story(s) | 3 |
| Units | 5 |
| Building(s) | 2 |
| Acreage | 0.14 |
| Property View | Yes |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Balcony, Open Floorplan, Recessed Lighting |
| Appliances | Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Dryer, Washer |
Exterior
| Lot Features | Landscaped, Level, Street Level |
|---|
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Curbs, Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90016 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (in 90016) | |
Price: $3,795,000 low | high Med: $1,949,500 sqft: 7,561 low | high Med: 4,791 $ / sqft: $502 low | high Med: $407 On site: 100 low | high Med: 316.5 | |
Market Activity 90016
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90016 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (in 90016) | |
Price: $3,795,000 low | high Med: $1,949,500 sqft: 7,561 low | high Med: 4,791 $ / sqft: $502 low | high Med: $407 On site: 100 low | high Med: 316.5 | |
 | $2,995,0002847 S VictoriaLos Angeles, CA 90016 |