1463 Wellesley Ave

$3,600,000, 7 Beds 5 Baths

About This Property

Two adjacent lots (1463 & 1467 Wellesley Ave) in West Los Angeles off Santa Monica Blvd consisting of 15,524sf which can be combined together to create a single building site with 100ft of frontage on Wellesley Ave resulting in a merged lot project containing either 9 market rate apartments or condos, or 12 apartment units with 2 affordable. Large lot lends itself to a number of architectural possibilities with large units, space for amenities and lower cost of parking construction. There are 3 single family homes on site generating $12,250/mo in rental income allowing developer to cover expenses and generate 2.6% cap rate while applying for permits.

Essential Information

MLS® #19450088
Price$3,600,000
Bedrooms7
Bathrooms5.00
Acres0.00
Year Built1923
TypeResidential Income
Sub-TypeTriplex
StatusActive

Community Information

Address1463 Wellesley Ave
AreaWest Los Angeles (WLA)
CityLos Angeles (City)
CountyLos Angeles
StateCA
Zip Code90025

Amenities

Parking Spaces10

Interior

AppliancesGarbage Disposal, None
HeatingOther
CoolingWall Unit(s)
# of Stories1

Additional Information

Date ListedApril 2nd, 2019
Days on Market77
ZoningLAR2
HOA Fees0.00

Listing Details

AgentDavid Kramer(00996960)
OfficeHilton & Hyland

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Listing information last updated on June 19th, 2019 at 4:01pm PDT.

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