$2,500,000
$2,750,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
1326 Wellesley Ave Los Angeles, CA 90025
10 Beds
10 Baths
6,336 SqFt
Key Details
Sold Price $2,500,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,336 sqft
Price per Sqft $394
MLS Listing ID 23-325559
Sold Date 03/08/24
Bedrooms 10
Year Built 1964
Lot Size 7,363 Sqft
Acres 0.169
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.
Location
State CA
County Los Angeles
Area West L.A.
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Equipment None
Exterior
Garage Covered Parking
Garage Spaces 8.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard
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Bought with Marcus & Millichap
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