1463 Wellesley Avenue, Los Angeles, CA 90025
1463 Wellesley Avenue, Los Angeles, CA 90025
1463 Wellesley Avenue, Los Angeles, CA 90025
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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660
$3,950,000
Est. payment /mo
0.35 Acres Lot
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Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID CL26841031

HOA Y/N No

Lot Size 0.354 Acres

Acres 0.3541

Property Sub-Type Unimproved Land

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

Zoning LAR2

Interior

Fireplace No

Exterior

View Y/N false

View None

Building

New Construction No

Others

Tax ID 4267031026

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Listed by Angelica Gotzev • Kidder Mathews of California, Inc.

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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660

Agent | DRE01254724 / 01254725

Agent DRE01254724 / 01254725

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