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32271462
32271463

2840 Wellington Road, Los Angeles, CA 90016

LC
CA 02146823
Myunits.com
EM
CA 01921425
Myunits.com
CW
Myunits.com Inc.
Myunits.com Inc.
Listed by Myunits.com, Myunits.com Inc.
$3,795,000
31 days on market
Updated 13 days ago
Opportunity zone

2840 Wellington Rd

Details
APN 5050015020
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,561
Units 5
Cap Rate 6.46%
NOI $245,133
Occupancy 100%
Tenancy Single
Price per SqFt $502
Year Built 2024
Buildings 2
Stories 3
Acreage 0.145
Zoning Builder
Parking Spaces 8 spaces
Parking Per SqFt 1.06
Investment Type Stabilized

5-Unit New Const. | $300K Gross | 6.46% Cap | Fully Leased w/ Master Lease

Marketing 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.

Investment highlights

  • Master Lease in place = rental stability + little to no expenses!
  • Boasts high-end, modern finishes.
  • Located minutes from Culver City's tech and media corridor including Amazon Studios, Apple, HBO, and Sony.
  • Prime Mid City location attracting young professionals seeking central access to the Westside, Beverly Hills, and Downtown Los Angeles.
  • All units separately metered for electric and water keeping operating expenses extremely low.
  • Modern new construction with minimal maintenance and long term durability.
  • Dream 1031 exchange opportunity. Ready to close now!
  • Near major mixed use developments including Ivy Station, Culver Steps, Cumulus, and Platform driving continued neighborhood growth
  • Outstanding real cap rate of 6.46%! Cash cow.
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Listing Contacts

LC
CA 02146823
Myunits.com
EM
CA 01921425
Myunits.com
CW
Myunits.com Inc.
Myunits.com Inc.
Listed by Myunits.com, Myunits.com Inc.

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$245,133.00
$20,427.75/mo

Valuation Metrics

0
DSCR
6.46%
Cap Rate
6.46%
ROI

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Additional Information

Name
Lauren Cearley
License
02146823
Brokerage
Myunits.com Inc
Title
Real Estate Agent
Brokerage Address
630 North Glenoaks Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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