1465 Wellesley

$2,250,000, 5 Beds 4 Baths

About This Property

Two single family homes on a 7,762sf lot in West Los Angeles off Santa Monica Blvd adjacent to commercial office building. 1465 house is 2BR/1BA and is leased at $3,300/mo; 1463 house is 3BR/3BA + 2 offices and is occupied by owner with lease back for 4 months at $4,000/mo. The lot can be redeveloped with 5 market rate apartment units or condos. This is a rare opportunity to purchase an income producing property in West LA with great potential for redevelopment and appreciation. Buyer can generate 2.5% cap rate while applying for permits.

Essential Information

MLS® #19450680
Price$2,250,000
Bedrooms5
Bathrooms4.00
Acres0.00
TypeResidential Income
Sub-TypeDuplex
StatusActive

Community Information

Address1465 Wellesley
AreaWest Los Angeles (WLA)
CityLos Angeles (City)
CountyLos Angeles
StateCA
Zip Code90025

Amenities

Parking Spaces7

Interior

Interior FeaturesOther
AppliancesGarbage Disposal, Refrigerator
HeatingCentral Furnace
CoolingNone
# of Stories1

Additional Information

Date ListedApril 2nd, 2019
Days on Market20
HOA Fees0.00

Listing Details

AgentDavid Kramer(00996960)
OfficeHilton & Hyland

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Listing information last updated on April 23rd, 2019 at 10:57am PDT.

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