John E Burge

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2840 Wellington RoadLos Angeles, CA 90016

Multi-Family · 7,561 Sq. ft. | 0.14 Acres
$3,795,000 Active

2840 Wellington Road Overview

Time on Site:
47 days
Visits:
0

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.

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2840 Wellington Road Facts & Features

  • Type Multi-Family
  • Sq. ft. 7,561
  • Price/Sq.ft. $502
  • Lot 0.14 Acres

Details

General

Association/HOA

  • Common Interest: None

Income/Expenses

  • Gross Income: 300000.0
  • Gross Scheduled Income: 300000.0
  • Insurance Expense: 6805.0
  • Maintenance Expense: 3000.0
  • Net Operating Income: 245133.0
  • New Taxes Expense: 45062.0
  • Operating Expense: 54867.0

Building Information

  • New Construction: No
  • Year Built: 2024

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: C16 - Mid Los Angeles
  • Postal City: LOS ANGELES

Community/Development

  • Community Features: Curbs,Street Lights,Sidewalks

Rent/Lease Information

  • Land Lease: No

General Information

  • Listing Terms: Submit
  • Parcel Number: 5050015020
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Rent Control: Yes
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage Spaces: 2.0
  • Garage: Yes

Building Interior

  • Building Area Total: 7561.0
  • Building Area Units: Square Feet

General Information

  • Appliances: Dishwasher,Freezer,Disposal,Gas Oven,Gas Range,Microwave,Refrigerator,Dryer,Washer
  • Common Walls: 1 Common Wall,No One Above,No One Below
  • Entry Level: 1
  • Entry Location: 1
  • Flooring: Tile,Vinyl
  • Interior Features: Balcony,Open Floorplan,Recessed Lighting
  • Laundry Features: Inside
  • Levels: Three Or More
  • Stories Total: 3

Exterior

Parking Information

  • Open Parking Spaces: 6.0
  • Parking Total: 8.0

Lot Information

  • Additional Parcels: No
  • Lot Features: Landscaped,Level,Street Level
  • Lot Size Acres: 0.1446
  • Lot Size Area: 6300.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 6300.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Road Surface Type: Paved
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

    Building Exterior/Construction

    • Architectural Style: Modern
    • Property Attached: Yes

    General Information

    • Number Of Units Leased: 5
    • Number Of Units Total: 5
    • Pool Features: None
    • Pool Private: No
    • Road Frontage Type: City Street
    • Sewer: Public Sewer

    2840 Wellington Road Neighborhood

    Community

    90016 (Los Angeles) Demographics

    35
    Median Age
    12,765
    Population Density (per sq. mile)
    33%
    College Educated
    $49,958
    Estimated Median Income
    6,180
    Estimated Total Home Owners
    11,342
    Estimated Total Renters
    35% / 65%
    Estimated Owner / Renter Divide
    3
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    2840 Wellington Road Monthly Cost

    $
    $ %
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    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    2840 Wellington Road Market Data

    Based on the last 30 days in this zip code

    $949,295
    Average List Price
    $715
    Average Price per Square Foot
    25
    Properties Sold
    81
    Average Days on Market
    273
    Properties for Sale
    Calculations provided by Reliance Network

    2840 Wellington Road History

    Date Event Value Agent
    5/13/2026Source: CRMLS Added to Database
    May 13, 2026
    9/29/2022Source: CRMLS Added to Database
    September 29, 2022
    Listing provided courtesy of Myunits.com Inc.Cheyenne Womack- MLS# BB26104696MLS ProviderContact Information: 844-698-6487
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