Multi-Family

1463-1467 Wellesley Ave

1463 Wellesley Ave, Los Angeles, CA 90025

Listing Price: $3,800,000

Lot Size
0.36 acres
Price/Acre
$10,555,286
Land Type
Redevelopment
Buildable Square Feet
44,834

Investment Overview

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-square feet of land and for this site, allows a developer to build six-units by-right and a maximum building envelope of 32,400-square feet. With a density bonus, a developer can build 10-units and a building envelope of 44,834-square foot. 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 square foot.

The property is ideally located a few miles from the world famous beaches of Santa Monica and 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

Investment Highlights

  • Close to Many Transit Options
  • Prime West Los Angeles Location
  • Located Close to Century City, Westwood, Beverly Hills and Santa Monica

Exclusively Listed By

Listing Price: $3,800,000

Lot Size
0.36 acres
Price/Acre
$10,555,286
Land Type
Redevelopment
Buildable Square Feet
44,834

Investment Highlights

  • Close to Many Transit Options
  • Prime West Los Angeles Location
  • Located Close to Century City, Westwood, Beverly Hills and Santa Monica

Investment Overview

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-square feet of land and for this site, allows a developer to build six-units by-right and a maximum building envelope of 32,400-square feet. With a density bonus, a developer can build 10-units and a building envelope of 44,834-square foot. 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 square foot.

The property is ideally located a few miles from the world famous beaches of Santa Monica and 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

Exclusively Listed By

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