1326 Wellesley Avenue, Los Angeles, CA 90025

Photo 1

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.


Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Interior Information
Cooling Type None

Listing Information

Address 1326 Wellesley Avenue
City Los Angeles
State CA
Zip 90025
County Los Angeles
Listing Agent Benjamin Lewin DRE #02040686
Courtesy Of Marcus & Millichap
Close Price $2,500,000
Status Closed
Type Residential Income
Structure Size N/A
Lot Size 7,363
Year Built 1964

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.