2840 Wellington Rd, Los Angeles, CA, 90016
About This Home
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.
Getting Around
Very Walkable
Good Transit
BikeableSchools
Construction
Condition
- Property condition: Turnkey
- Year built: 2024
Type & Style
- Home type: MultiFamily
- Architectural style: Modern
- Property subType: Quadruplex
Interior
Appliances
- Appliances included: Dishwasher,Freezer,Disposal,Gas Oven,Gas Range,Microwave,Refrigerator,Dryer,Washer
- Laundry features: Inside
Bedrooms & Bathrooms
- Bedrooms: 16
- Bathrooms: 18
Features
- Balcony,Open Floorplan,Recessed Lighting
- Flooring: Tile,Vinyl
- Common walls with other units/homes: 1 Common Wall,No One Above,No One Below
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 7,561
- Total interior livable area: 7,561 sqft
Property
Details
- Parcel number: 5050015020
- Attached to another structure: Yes
- Special condition: Standard
Features
- Levels: Three Or More
- Stories: 3
- Entry location: 1
- Pool features: None
- Has view: Yes
- View description: Neighborhood
Lot
- Lot size: 6,300 sqft
- Features: Landscaped,Level,Street Level
Parking
- Total spaces: 8
- Parking features: Garage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Uncovered spaces: 6
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $19,189 | $230,268 |
| Home Insurance * | $510 | $6,120 |
| Property Taxes | $3,790 | $45,480 |
| Electricity | $1,621 | $19,456 |
| Total | $25,110 | $301,320 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-14 | Listed for sale | $3,795,000 |
| 2021-03-02 | Sold | $827,000 |
| 2021-01-31 | Pending sale | $770,000 |
| 2021-01-23 | Listed for sale | $770,000 |
View on Zillow