1465 Wellesley, Los Angeles, CA 90025

$2,250,000
5
BD
4
BA
List Price
$2,250,000
Status
Active
MLS#
19450680
Bedrooms
5
Bathrooms
4
Lot Size
7,761
Days on Market
17
Property Type
Multifamily

Property Description

Two single family homes on a 7,762sf lot in West Los Angeles off Santa Monica Blvd adjacent to commercial office building. 1465 house is 2BR/1BA and is leased at $3,300/mo; 1463 house is 3BR/3BA + 2 offices and is occupied by owner with lease back for 4 months at $4,000/mo. The lot can be redeveloped with 5 market rate apartment units or condos. This is a rare opportunity to purchase an income producing property in West LA with great potential for redevelopment and appreciation. Buyer can generate 2.5% cap rate while applying for permits.

Additional Information

Appliances
Garbage Disposal, Refrigerator
Heat
Central Furnace
Cooling
None
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Calculator source: Real Geeks

Courtesy of Hilton & Hyland, David Kramer - CA DRE#00996960

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