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1463-1467 Wellesley Ave
Los Angeles, CA 90025
14 Unit Development Site Los Angeles | 90025 · Land For Sale
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0.36 AC
Property Facts
| Property Type | Land | Total Lot Size | 0.36 AC |
| Property Subtype | Residential | No. Stories | 1 |
| Proposed Use | Apartment Units | ||
| Zoning | R2-1 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.36 AC |
| No. Stories | 1 |
| Zoning | R2-1 |
Description
Two adjacent lots (1463 & 1467 Wellesley Ave) off Santa Monica Blvd consisting of total of 15,524sf which can be combined together to create a single building site with 100ft of frontage on Wellesley Ave resulting in a project containing 12 units (2 affordable). There are 3 single family homes on site generating $10,500/mo in rental income allowing developer to cover expenses and generate 1.8% cap rate while applying for permits.
Property Taxes
| Parcel Numbers | Improvements Assessment | $222,852 | |
| Land Assessment | $3,183,624 | Total Assessment | $3,406,476 |
Property Taxes
Parcel Numbers
Land Assessment
$3,183,624
Improvements Assessment
$222,852
Total Assessment
$3,406,476
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