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1243 Wellesley Avenue

Los Angeles, CA 90025
  • $5,200,000
  • STATUS: Active
  • ON SITE: 9 Days
  • ID#: SR22205815
$5,200,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1968
County:
Area:

School Ratings & Info

Description

The subject property is improved at 9,842 square feet of gross building area on a .19-acrelot. The improvements include 11 units and is currently 90% occupied. The subject property has been maintained in goodcondition which includes a totally remodeled unit (Unit #6) which includes new paint, bamboo hardwood flooring, newwasher/dryer, new kitchen appliances and two remodeled bathrooms. Per the property manager, the subject propertyhas also been improved with new plumbing and electrical systems along with a newer roof. The subject property has 14on-site parking spaces. Each 2-bedroom unit has 2 tandem parking spots, and each 1-bedroom unit has 1 parking spot.Each unit in the subject property has a patio/balcony amenity and there is an on-site coin laundry room available fortenants. Some of the additional features include, Rare multifamily opportunity just south of Brentwood. Professionally managed with massive upside in rents for the new BuyerRecent renovations.Low price per unit.Ample parking.First time on market since 2002.

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Based on information from CRISNet MLS as of 2022-09-29T23:56:36.88. 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2022-09-29T23:56:36.88. 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.
www.searchhomesincalifornia.com/homes/133263088
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1243 Wellesley Avenue Los Angeles, CA 90025

  • Price: $5,200,000
  • Status: Active
  • On Site: 9 Days
  • ID#: SR22205815
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1968
Built
Neighborhood:
Watt - Watts
County:
Los Angeles
Area:
Watt - Watts
Property Description
The subject property is improved at 9,842 square feet of gross building area on a .19-acrelot. The improvements include 11 units and is currently 90% occupied. The subject property has been maintained in goodcondition which includes a totally remodeled unit (Unit #6) which includes new paint, bamboo hardwood flooring, newwasher/dryer, new kitchen appliances and two remodeled bathrooms. Per the property manager, the subject propertyhas also been improved with new plumbing and electrical systems along with a newer roof. The subject property has 14on-site parking spaces. Each 2-bedroom unit has 2 tandem parking spots, and each 1-bedroom unit has 1 parking spot.Each unit in the subject property has a patio/balcony amenity and there is an on-site coin laundry room available fortenants. Some of the additional features include, Rare multifamily opportunity just south of Brentwood. Professionally managed with massive upside in rents for the new BuyerRecent renovations.Low price per unit.Ample parking.First time on market since 2002.
Exterior Features

Lot Features 0-1 Unit/Acre Lot Size Area 8413.0000 Parking Features AssignedTandem Covered Parking Total 0.00 Parking YN Yes

Interior Features

Common Walls 2+ Common Walls Laundry Features Common Area Laundry YN Yes

Property Features

Additional Parcels YN No Community Features CurbsSidewalksStorm Drains Land Lease YN No New Construction YN No Pool Features None Pool Private YN No Property Attached YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions StandardTrust Water Source Public Zoning Lar3

Listing provided courtesy of Scott Pinkerton, CA DRE# 01338387, of Century 21 Peak: 818-225-5800.


Based on information from CRISNet MLS as of 2022-09-29T23:56:36.88. 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2022-09-29T23:56:36.88. 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.
 
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