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1503 Wellesley Ave, Los Angeles, CA 90025
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1503 Wellesley Ave Los Angeles, CA 90025

$1,400,000 Sold Price as of 01/11/2023
  • 8 Beds
  • 5 Baths
  • 3,061 Sq.Ft.
Sold
$1,400,000 Sold Price as of 01/11/2023 Refinance Your Mortgage
Map preview of 1503 Wellesley Ave, Los Angeles, CA 90025

Property Overview: 1503 Wellesley Ave Los Angeles, CA has 8 bedrooms, 5 bathrooms, 3,061 living square feet and 6,212 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: TRUST SALE | CORNER LOT | FRONT UNIT-SINGLE FAMILY RESIDENCE, 3 BED, 2 BATH WITH 1117 SQFT OF LIVING SPACE | BACK (2ND UNIT) HAS 5 BEDROOM AND 3 BATHROOMS WITH 1850 SQFT OF LIVING SPACE AND ITS OWN ENTRANCE ON OHIO ST | 2ND UNIT HAS BEEN CONVERTED INTO A BOARDING HOUSE | THERE'S A SEPARATE LAUNDRY ROOM BETWEEN UNITS AND RECREATION ROOM | DETACHED GARAGE HAS BEEN CONVERTED INTO A UNPERMITTED UNIT | THE PROPERTY FALLS IN L.A. CITY RENT CONTROL | PROPERTY SHOWS DEFERRED MAINTENANCE AND MIGHT NOT QUALIFY FOR TRADITIONAL FINANCING DUE TO ITS PRESENT CONDITION | PROPERTY TO BE SOLD AS-IS AND WITH TENANT OCCUPYING THE CONVERTED GARAGE AND DOWNSTAIR BACK UNIT.

Listed by Alex Veloz | BRE #01713165 | Assurant Properties
Last checked: 9 minutes ago | Last updated: January 13th, 2023 | Source CRMLS | DOM: 182

Home details

Lot Sq. Ft
6,212
HOA Dues
$0/mo
Year built
1941
Garage
3 Car
Property Type:
Duplex
Status
Sold
MLS#
DW21239480
City
Los Angeles
County
Los Angeles
Time on Site
877 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
  • Gross Spendable Income: $0
  • # of Rented Garages: 0
  • Laundry Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Cable TV: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 1503 Wellesley Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Individual Room
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two, Multi/Split
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 4267030027
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: exit onto I-10 West, Santa Monica Fwy toward Santa Monica, exit 2C onto Bundy Dr North, left onto Ohio Ave
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1503 Wellesley Ave

Last sold for $1,400,000 on January 11th, 2023

  • March, 2022

  • Mar 22, 2022

    Date

    Hold

    CRMLS: DW21239480

    $1,850,000

    Price

  • November, 1997

  • Nov 10, 1997

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1503 Wellesley Ave

Assessed Value (2020): $972,889
Year Land Value Improved Value Assessed Value
2020 $623,853 $349,036 $972,889

Home Value Compared to the Market

This property vs the competition

1503 Wellesley Ave sold on January 11, 2023 for 14.03% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $443.29 per/sqft which puts the price per square foot 41.29% lower than the current median sale per square foot for the city of Los Angeles.

About 1503 Wellesley Ave

Detailed summary of property

1503 Wellesley Ave is a duplex that recently sold in Los Angeles, CA 90025. This duplex offered 8 bedrooms, 5 bathrooms, roughly 3,061 living square feet, and sits on an approximately 6,212 square foot lot. 1503 Wellesley Ave was first listed on ArdentRealEstateGroup.com on December 15, 2021. The homeowner sold the property for $1,400,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 14.03% higher than the current median priced home. Local homes that are currently for sale include 5869 Dauphin Ave, 2928 Carmona Ave and 1455 S Genesee Ave. While the average home in Los Angeles, CA is selling in 93 days, 1503 Wellesley Ave has a days on market of 182 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 1503 Wellesley Ave Los Angeles, CA 90025 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1503 Wellesley Ave

Public county record property details
Beds
10
Baths
6
Year built
1941
Sq. Ft.
3,061
Lot Size
6,212
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
80
APN
4267-030-027

The source for these homes facts are from public records.

90025 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,149,000
Median List Price/Sq.Ft.
$743
Median Sold Price
$1,100,935
Median Sold Price/Sq.Ft.
$698
Total Inventory
108
Median Sale to List Price %
104.95%
Avg Days on Market
32
Loan Type
Conventional (13.64%), FHA (0%), VA (0%), Cash (18.18%), Other (9.09%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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