OPEN HOUSE FOR SALE
$ 3,600,000 Est. Payment

1463 Wellesley Avenue

Los Angeles, CA 90025
Cluster
Residence
7
Beds
5
Baths
0.36
Acre Lot
1of
Map
Photos
Courtesy: David Kramer - Hilton & Hyland
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.
19450088
Cluster, Other
7
LOS ANGELES
5
1923
0.36 Acres
Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
People
Zip
City
County
National
45,284
3,971,883
10,170,292
321,418,820
17,627
8,241
2,458
89
2.1
2.8
3
2.6
34.7
34.6
35.3
37.4
$71,278
$49,682
$55,870
$53,482
$47,739
$28,320
$27,987
$28,555
 
Economy
Zip
City
County
National
5.50 %
5.50 %
5.20 %
5.20 %
1.40 %
1.40 %
1.40 %
1.60 %
37.30 %
37.30 %
37.60 %
38.00 %
9.00 %
9.00 %
9.00 %
6.00 %
8.00 %
8.00 %
8.00 %
4.60 %
208
166
156
100
 
Environment
Zip
City
County
National
223
916
2245
1443
16
16.7
16.9
39.2
0
0
0.3
25.8
50.9
46.4
45.5
22.6
77.1
83.7
84.3
86.1
34
26
32
102
264
284
283
205
85
87
86
54
Source: Sperling's Best Places
Courtesy: David Kramer - Hilton & Hyland
The multiple listings information is provided by The California Desert Association of REALTORS/Desert Area MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are Copyright 2019 The California Desert Association of REALTORS/Desert Area MLS. All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
This content last refreshed on 4/25/2019 12:47 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.