1463-1467 Wellesley Avenue
1463-1467 Wellesley Avenue
$3,210,000
15,523 / 0.36
Sold 1/7/22
Description
We are pleased to present 1463-1467 Wellesley Ave, a high profile Condo / Small Lot Ordinance development opportunity located in 90025. The site is zoned LAR2-1 with dimensions that consists of 100 feet of frontage by 155.30 feet in depth. LAR2-1 allows for one dwelling unit per 2,500 SF of land and for this site, allows a developer to build 6 units by-right and a maximum building envelope of 32,400 SF. With a density bonus, a developer can build 10 units and a building envelope of 44,834 SF. This...We are pleased to present 1463-1467 Wellesley Ave, a high profile Condo / Small Lot Ordinance development opportunity located in 90025. The site is zoned LAR2-1 with dimensions that consists of 100 feet of frontage by 155.30 feet in depth. LAR2-1 allows for one dwelling unit per 2,500 SF of land and for this site, allows a developer to build 6 units by-right and a maximum building envelope of 32,400 SF. With a density bonus, a developer can build 10 units and a building envelope of 44,834 SF. This site would probably be best suited for a small lot subdivision or Co-living concept. Average new construction homes in this zip code sell for over $2.4 million dollars and over $750 per SF. The property is ideally located a few miles from the world famous beaches of Santa Monica & Venice and a short drive from the prominent cities of Century City, Westwood, Beverly Hills, Santa Monica and Brentwood. With this ease of access and proximity to up-and-coming tech companies, young and educated professionals are flocking to the area creating significant demand for housing. The dense immediate population, high barriers to entry, strong market fundamentals, and plethora of local amenities, offers an investor or developer, landlord favored market conditions with significant growth potential.
- Listed by Filip Niculete • DRE #01905352 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 1463-1467 Wellesley Avenue
Zoning
LAR2
Parcel Number4267031026
AreaWest Los Angeles (WLA)
Lot Size Area15523
Source Lot Size AreaAssessor
Assessor Parcel Number4267-031-026
DirectionsWellesley & Ohio
Location
LISTING UPDATED: 01/11/2022 04:57 PM
Property Details for 1463-1467 Wellesley Avenue
Status | Sold |
---|---|
MLS # | 20-640914 |
Days on Market | 309 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land Lot |
Year Built | - |
Lot Size | 0.36 AC |
County | Los Angeles County |
Location
Building Information for 1463-1467 Wellesley Avenue
Lot Size0.36 AC
Payment Calculator
$17,518 per month
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Property Information for 1463-1467 Wellesley Avenue
Property History for 1463-1467 Wellesley Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 1463-1467 Wellesley Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Charter - | 9 to 12 | |||
Charter - | K to 7 |
Rating | School | Distance |
---|---|---|
Brockton Avenue Elementary School PublicK to 5 | ||
Daniel Webster Middle School Public6 to 8 | ||
University Senior High School Charter Charter9 to 12 | ||
Citizens of the World Charter School Mar Vista CharterK to 7 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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