1463 Wellesley Ave, Los Angeles, CA 90025
1463 Wellesley Ave, Los Angeles, CA 90025
1463 Wellesley Ave, Los Angeles, CA 90025
1463 Wellesley Ave, Los Angeles, CA 90025
1463 Wellesley Ave, Los Angeles, CA 90025
1463 Wellesley Ave, Los Angeles, CA 90025
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$ 3,950,000
Est. payment | /mo

0.35 Acres Lot


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$ 3,950,000
Est. payment | /mo
Save

0.35 Acres Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26841031

Lot Size 0.354 Acres

Acres 0.3541

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 West L.A.

Zoning LAR2

Exterior

View Y/N No

View None

Building

Lot Description 2-4 Lots

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Kidder Mathews of California, Inc.

Nearby Locations

Travis Breton

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA, 92008, USA

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1463 Wellesley Ave

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