2840 Wellington Road
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 today's renter. Strategically located just minutes from Culver City's thriving tech and media corridor-including Amazon, Apple, HBO, and Sony-this 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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $3,795,000 |
| No. of Units: | 5 |
| Year Built: | 2024 |
| Opportunity Zone: | No |
| Price per unit: | $759,000 |
| Number of Bedrooms: | 16 |
| Number of Bathrooms: | 18 |
ID: 3yd-MRMLSCA-BB26104696
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