15
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$3,950,000
Est. payment /mo
0.35 Acres Lot
New
1463 - 1467 Wellesley AVE Los Angeles, CA 90025
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26841031
HOA Y/N No
Lot Size 0.354 Acres
Property Description
Rare opportunity to acquire 1463 & 1467 Wellesley Ave, a highly flexible two-parcel offering in the heart of West Los Angeles, just moments from Brentwood, Santa Monica, Westwood, Beverly Hills, and Century City. Comprised of approximately 15,424 SF of land with R2-1 zoning and 100 feet of frontage along Wellesley Ave, the property offers investors, developers, and owner-users a rare combination of scale, location, existing income, and long-term upside in one of Los Angeles' most desirable infill markets.Available together as a two-parcel development opportunity or separately as individual residential renovation/value-add opportunities, the offering allows buyers to pursue a range of strategies. As a full assemblage, ownership has commissioned architectural plans depicting a three-story, 17-unit multifamily project with additional ADU potential, a 25-space parking garage, and rooftop common open space, providing a meaningful head start in evaluating the site's redevelopment potential.The property currently includes three single-family residential structures. Additional improved area may exist on-site. Buyer to independently verify all building square footage, permit status, legal use, configuration, zoning, development potential, and all other property information. With multiple paths to value creation, interim income, and a prime West LA location near some of the Westside's most established rental and ownership markets, 1463 & 1467 Wellesley Ave represents a rare and versatile opportunity.
Location
State CA
County Los Angeles
Area Wla - West Los Angeles
Zoning LAR2
Interior
Fireplace No
Exterior
View Y/N No
View None
Building
New Construction No
Others
Senior Community No
Tax ID 4267031026
Special Listing Condition Standard
Listed by Angelica Gotzev Kidder Mathews of California, Inc. #02053007
NEARBY SCHOOL & BUSINESS
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