1326 Wellesley Avenue, Los Angeles, CA 90025

About this property

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.

Listing description from the March 2024 sale, as reported to CRMLS.

Sale history

$2,500,000

Sold March 2024 · listed $2,750,000, orig. $2,850,000, on market October 2023 · MLS #23325559 · Source: CRMLS

Listing Agent: Benjamin Lewin · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Benjamin Lewin · Marcus & Millichap

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