3022 Wellington Road, Los Angeles, California 90016, Los Angeles, 90016 - bed, bath

3022 Wellington Road, Los Angeles, California 90016 home-pic-0
ACTIVE$3,199,000
3022 Wellington Road, Los Angeles, California 90016
0Bed
0Bath
6,339Sqft
5,039Lot
Year Built
2024
Close
-
List price
$3.2M
Original List price
$3.2M
Price/Sqft
$505
HOA
-
Days on market
-
Sold On
-
MLS number
BB25003153
Home ConditionExcellent
Features
Good View: City Lights, Neighborhood
Deck
ViewCity Lights,Neighborhood

About this home

We found 2 Cons,3 Pros. Rank: price - $3.20M(86th), sqft - 6339(71th), beds - undefined(50th), baths - undefined(50th).

3022 Wellington Rd is a brand-new, non-rent controlled, OPPORTUNITY ZONE 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 short stroll from the trendy Highly Likely Café, this stunning property is projected to generate over $229,740 in annual rent, offering an exceptional return on investment. Located within an Opportunity Zone, 3022 Wellington Rd provides significant potential tax incentives for buyers (consult with your CPA). 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, 3022 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!

Nearby schools

5/10
Virginia Road Elementary School
Public,K-50.2mi
3/10
Sixth Avenue Elementary School
Public,K-50.8mi
5/10
Cienega Elementary School
Public,K-51.0mi
4/10
Alta Loma Elementary School
Public,K-51.1mi
3/10
Arlington Heights Elementary School
Public,K-51.3mi
6/10
Baldwin Hills Elementary School
Public,K-51.6mi
6/10
Marvin Elementary School
Public,K-51.6mi
3/10
Johnnie Cochran, Jr., Middle School
Public,6-81.3mi
2/10
Audubon Middle School
Public,6-81.3mi
3/10
Daniel Webster Middle School
Public,6-85.6mi
2/10
Susan Miller Dorsey Senior High School
Public,9-120.5mi
6/10
Alexander Hamilton Senior High School
Public,9-123.0mi

Price History

Date
Event
Price
10/13/23
Sold
$760,000
Condition Rating
Excellent

The property was built in 2024, so it is newly built. The images show modern kitchens and bathrooms with stainless steel appliances and high-end finishes. The property appears to be in excellent condition with no deferred maintenance.
Pros & Cons

Pros

New Construction: The property is a brand-new fourplex built in 2024, minimizing immediate maintenance concerns and appealing to modern renters.
High Income Potential: Projected to generate over $229,740 in annual rent, offering an exceptional return on investment.
Opportunity Zone: Located within an Opportunity Zone, providing potential tax incentives for buyers.

Cons

Price Point: The list price of $3,199,000 may be a barrier to entry for some investors, requiring significant capital.
Limited Historical Data: As a new construction, there is no historical rental or expense data to validate projections.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state