Sold

1243 Wellesley Avenue 6

Los Angeles CA, 90025

$4,100,000


$416.58 per sqft

Sold

9,842 sqft

Residential

Built in 1968

Listed by Scott Pinkerton with Century 21 Peak 855-732-5500

The subject property is improved at 9,842 square feet of gross building area on a .19-acre
lot. The improvements include 11 units and is currently 90% occupied. The subject property has been maintained in good
condition which includes a totally remodeled unit (Unit #6) which includes new paint, bamboo hardwood flooring, new
washer/dryer, new kitchen appliances and two remodeled bathrooms. Per the property manager, the subject property
has also been improved with new plumbing and electrical systems along with a newer roof. The subject property has 14
on-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 for
tenants. Some of the additional features include, Rare multifamily opportunity just south of Brentwood. Professionally managed with massive upside in rents for the new Buyer
Recent renovations.
Low price per unit.
Ample parking.
First time on market since 2002.

SR22205815

MLS ID

September 20, 2022

Listed

March 23, 2024

Updated

Map

1243 Wellesley Avenue 6
Los Angeles CA, 90025

Interior Features

Laundry Description

Common Area


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.19 Acres


Lot Features

0-1 Unit/Acre


Sewer

Public Sewer

Other Property Details

Area Name

WATT - Watts


Days on Market

152


Garage

No


Parking

Assigned, Covered, Tandem


Parking Total

0


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

LAR3


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

5/18/2023

Sold

$4,100,000

Listing Contact: 855-732-5500 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/23/2024 at 1:29 AM UTC

 

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