Luxury Mid-City Investment
For Sale
$3,795,000
2840 Wellington Rd, Los Angeles, CA 90016
Newly constructed five-unit property in prime Mid-City, Los Angeles.
Property SizeContact for details
Days on Market83
Property Features for 2840 Wellington Rd
General Information
Standard status
Active
Property subtype
Investment
Building Details
Year Built
2024
Listing Agency:
Myunits.com
(213) 302-8662
Listed By:
Lauren Cearley · License #02064825
(213) 302-8662
Source:
Elliman
Added: May 16
Changed: Jul 10
Last Checked: Aug 5 at 11:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Myunits.com
Investment Insights
Based on property information with market context.
Located on a quiet residential street in Mid-City, 2840 Wellington Rd is a newly constructed five-unit luxury investment property. The property offers a 6.46% cap rate, supported by approximately $300,000 in gross annual income. A master lease is in place, providing rental stability and minimal operational expenses. The property includes expansive four-bedroom townhome-style units, a spacious three-bedroom unit, and a one-bedroom unit. Each residence features open concept floorplans with oversized kitchens, sleek modern cabinetry, stainless steel appliances, designer bathrooms, and abundant natural light. The property has separately metered utilities, central HVAC, and in-unit laundry. The location is minutes from Culver City’s tech and media corridor, including Amazon, Apple, HBO, and Sony. The area attracts rental demand from young professionals seeking access to the Westside, Beverly Hills, and Downtown Los Angeles. The property offers a turnkey, operationally efficient asset with in-place income and long-term upside in a sought-after rental submarket. The bike score is 63, making it bikeable, the walk score is 82, making it very walkable, and the transit score is 55, indicating good transit.
Key Highlights
- New construction (2024) five‑unit luxury property in prime Mid‑City
- High 6.46% cap rate and approximately $300,000 gross annual income
- Master lease in place providing immediate rental income and minimal operational expenses
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,272
Businesses Nearby
Explore this area
Business Placement
Demographics for 90016, CA
46,512
Population
19,529
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
79%
High-School Grad
3.6 sq mi
ZIP Area
12,920
Density / Sq Mi
$71,067
Median Household Income
$42,292
Median Earnings
$1,729
Median Rent
$919,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Newly constructed five-unit property in prime Mid-City, Los Angeles.
Where is this apartment building located?
The property is located at 2840 Wellington Rd Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,795,000.
What are key features of this property?
This property features: New construction (2024) five‑unit luxury property in prime Mid‑City; High 6.46% cap rate and approximately $300,000 gross annual income; Master lease in place providing immediate rental income and minimal operational expenses
