1326 Wellesley Avenue

Los Angeles, CA 90025

$2,500,000

Sold Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $434 / sqft

1964

calendar_month Built

Property Description

There was a recent $100,000 price reduction, and the seller has notified all tenants of Los Angeles City's allowed 4% rent increase for February 1st, 2024. 1326 Wellesley Ave is a meticulously maintained 8-unit apartment building in the heart of West Los Angeles. The 6,336 sqft building is situated on a 7,361 sqft lot zoned LAR3. This property offers a unit mix comprised of six one-bedroom, one-bathroom, one two-bedroom, two-bathroom, and one townhouse-style two-bedroom one-and-one-half bathroom units. Recent upgrades include brand-new windows and a soft-story earthquake retrofit, ensuring safety and energy efficiency. There is room to park at least three cars in front and five cars in the rear for eight parking spaces. Ideally located within easy reach of local restaurants, grocery stores, and the vibrant West Side neighborhood, this property promises consistent occupancy and significant growth potential.

Listing Information

Close Price $2,500,000
Close Date Friday, March 8th, 2024
Status Closed
MLS 23325559
Type Residential Income
Year Built 1964
Lot Size 7,363
Structure Size N/A
DOM 125
Courtesy Of Marcus & Millichap
Listing Agent Benjamin Lewin DRE#02040686

Interior Features

Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Benjamin Lewin, Marcus & Millichap . *Based on information from the Association of REALTORS/Multiple Listing as of Mar 8th, 2024 at 2:19 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.