Views - New Construction
Address
1467 Wellesley Avenue Los Angeles, CA
Price
$ 1,600,000
Property Attributes
  • MLS#21685976
  • TypeLand
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaWest Los Angeles
  • Zip90025
  • Style
  • Price$ 1,600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size7,405 SqFt
Listing Provided Courtesy Of:
Filip Niculete with Marcus & Millichap.
Data Source:
CRMLS
Property Description

We are pleased to present 1463-1467 Wellesley Avenue, a high profile Condo / Small Lot Ordinance development opportunity located in 90025, one of the best zip codes in all of Los Angeles. 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.

Price History
1/27/2021 Listed $1,600,000

General Features

MLS Area WLA - West Los Angeles
Property Type Land
View City Lights
Zoning LAR2

Exterior Features

Lot Dimensions 50x155
Lot Size Acres 0.17
Lot Size Area 7763
Lot Size Square Feet 7763
Lot Size Units Square Feet
View Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90025

Price
AVG $3.69M
$1.6M
Visits
AVG 21
18
Walkscore
AVG 90
95
Data Provided by Walkscore ® not using MLS data

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