1463-1467 Wellesley Ave - Development Site in Prime West Los Angeles 0.36 Acres of Residential Land Offered at $3,950,000 in Los Angeles, CA 90025

Kidder Mathews is pleased to exclusively present the opportunity to acquire 1463 & 1467 Wellesley Ave, a rare two-parcel offering in the heart of West Los Angeles’ highly sought-after Sawtelle district. Comprised of approximately 15,424 SF of land with R2-1 zoning and 100 feet of frontage along Wellesley Ave, the property offers investors a unique combination of scale, flexibility, and upside in one of the Westside’s most supply-constrained & consistently desirable submarkets.
The offering is compelling both as a combined assemblage and as two individual parcel opportunities. For a developer, the full site presents the ability to capitalize on a meaningful infill land position in a premier Westside location. Ownership has commissioned architectural plans for the combined assemblage depicting a three-story, 17-unit multifamily project with additional ADU potential, a 25-space parking garage, and rooftop common open space, providing a buyer with a substantial head start in evaluating and advancing the site’s redevelopment potential.
At the same time, the existing residential improvements create a strong alternative path for investors seeking value-add residential opportunities through renovation, repositioning, expansion, or potential rebuild of the existing homes on an individual parcel basis. This flexibility meaningfully expands the buyer universe and distinguishes the offering from a traditional land play by supporting multiple strategies, whether through immediate enhancement of the existing improvements, longer-term redevelopment of the full assemblage, or a phased approach that allows a buyer to maximize value over time.
The property also benefits from existing income, allowing an investor to generate interim revenue while determining the optimal business plan for the asset. Opportunities that offer both current utility and larger-scale redevelopment potential are increasingly difficult to find on the Westside, particularly in a location with the enduring demand, strong surrounding values, and long-term appeal of Sawtelle. 1463 & 1467 Wellesley Ave represents an exceptional opportunity to acquire a highly versatile West LA asset with multiple paths to value creation in one of Los Angeles’ most tightly held infill neighborhoods.
ASKING PRICE (COMBINED)- $3,950,000
ASKING PRICE (1463 -1465 WELLESLEY AVE) - $2,150,000
ASKING PRICE (1467 WELLESLEY AVE) - $1,800,000
Existing Improvements: Three (3) single-family residential structures. Additional improved area may exist on-site. Buyer to independently verify all building SF, permit status, legal use, and configuration.
Development Plans: Architectural plans prepared for the combined site depicting a 17-unit multifamily project with additional ADU potential, a 25-space parking garage, and rooftop common open space