
Los Angeles, California 90016
This 2024-built High-Potential Investment Opportunity is a Residential Income Asset listed at $3,795,000, positioned well above the $3,500,505 Fair Market Value. Featuring a Brand New Construction status and a 6.46% cap rate, this property offers immediate rental stability through an existing master lease. With separately metered utilities and modern high-end finishes, the asset minimizes operational overhead. While local school ratings are modest, the proximity to the Culver City tech corridor ensures strong demand. This is an ideal acquisition for Buy-and-Hold Investors or Institutional Investors seeking turnkey cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2840 Wellington Road Subject | $3,795,000* List Price | 0 | 0 | 7,561 | $463 | - |
A 2424 S West View Active | $2,845,000 List Price | 0 | 0 | 5,947 | $478 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Brand new 2024 construction featuring high-end designer kitchens and bathrooms, modern cabinetry, and brand new central HVAC and electrical systems.
The property boasts an impressive 6.46% cap rate with a master lease already in place, providing investors with immediate rental stability and approximately $300,000 in gross annual income from day one.
As a 2024 new build, this five-unit asset features high-end finishes, central HVAC, and separately metered utilities, significantly reducing near-term maintenance costs and operational complexities.
Located in prime Mid-City near Culver City’s thriving media corridor (Amazon, Apple, Sony), the property is perfectly positioned to capture high rental demand from affluent young professionals.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 7561, other record living area = 7447.
The local middle and high schools carry low ratings (2/10 and 3/10), which may deter long-term family tenants and impact the property's appeal to a broader demographic.
With a list price of nearly $3.8 million, the property requires a significant initial capital outlay, potentially limiting the pool of buyers to more established institutional or high-net-worth investors.
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.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.9 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 7,561 | 2,459 | 78% |
| Lot Size | 6,300 | 6,261 | 56% |
| Price | $3.79M | $1.07M | 89% |
| Price per sq ft | $502 | $427 | 78% |
| Built year | 2024 | 1939 | 78% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 183 | 11% |
May 13, 2026
$3,795,000
Initial Listing
Mar 2, 2021
$827,000
Public Record