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
TypeResidential Income

Community Information

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


Parking Spaces7


Interior FeaturesOther
AppliancesGarbage Disposal, Refrigerator
HeatingCentral Furnace
# of Stories1

Additional Information

Date ListedApril 2nd, 2019
Days on Market77
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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