1522 Wellesley Avenue, Los Angeles, CA 90025
Property · 2 recorded sales since 2019
Sold October 2023
Listing Agent: John Katnik (DRE #02002695) · Listing Office: BRC Advisors- BH · Bought with: Lina Ara · eXp Realty of Greater Los Angeles · MLS #23293680 · Source: CRMLS
About this property
2021 construction modern duplex in Sawtelle bordering Santa Monica and Brentwood! Built by TJH, this duplex features two 3 bedroom / 2.5 bathroom townhome units. Both units are rented on lease terms until 2024 and provide strong and stable rental income. Offered at a 5.19% cap rate and at $764/ft, this opportunity is perfect for a seasoned investor to acquire in one of the best locations in all of LA. The units offer top of the line finishes throughout and there was no stone unturned during construction. Throughout units, you will find wide plank vinyl flooring, recessed lighting, polished chrome plumbing, white shaker cabinets and white quartz countertops. The kitchen features brand new stainless steel appliances, including a Bertazzoni gas range and Frigidaire refrigerator, dishwasher and microwave. Each unit also includes a 2 car garage and 1 outdoor space. The garage is wired for an electric vehicle charging station and each unit also enjoys in-unit laundry. Tenants pay all utilities! Sawtelle is a very popular destination for renters as its in close proximity to Brentwood, Santa Monica, Century City, Venice and Beverly Hills!
Listing description from the October 2023 sale, as reported to CRMLS.
Sale history
