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1522 Wellesley Ave, Los Angeles, CA 90025
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1522 Wellesley Ave Los Angeles, CA 90025

$2,800,000 Sold Price as of 10/11/2023
  • 6 Beds
  • 6 Baths
  • 3,860 Sq.Ft.
Sold
$2,800,000 Sold Price as of 10/11/2023 Refinance Your Mortgage
Map preview of 1522 Wellesley Ave, Los Angeles, CA 90025

Property Overview: 1522 Wellesley Ave Los Angeles, CA has 6 bedrooms, 6 bathrooms, 3,860 living square feet and 5,999 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 2021 construction modern duplex in Sawtelle bordering Santa Monica and Brentwood! Built by TJH, this duplex features two 3 bedroom / 2.5 bathroom townhome units. Both units are rented on lease terms until 2024 and provide strong and stable rental income. Offered at a 5.19% cap rate and at $764/ft, this opportunity is perfect for a seasoned investor to acquire in one of the best locations in all of LA. The units offer top of the line finishes throughout and there was no stone unturned during construction. Throughout units, you will find wide plank vinyl flooring, recessed lighting, polished chrome plumbing, white shaker cabinets and white quartz countertops. The kitchen features brand new stainless steel appliances, including a Bertazzoni gas range and Frigidaire refrigerator, dishwasher and microwave. Each unit also includes a 2 car garage and 1 outdoor space. The garage is wired for an electric vehicle charging station and each unit also enjoys in-unit laundry. Tenants pay all utilities! Sawtelle is a very popular destination for renters as its in close proximity to Brentwood, Santa Monica, Century City, Venice and Beverly Hills!

Listed by John Katnik | BRE #02002695 | BRC Advisors- BH
Last checked: 9 minutes ago | Last updated: October 11th, 2023 | Source CRMLS | DOM: 25

Home details

Lot Sq. Ft
5,999
HOA Dues
$0/mo
Year built
2021
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
23293680
City
Los Angeles
County
Los Angeles
Time on Site
292 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $8,290
  • Total Rent: $16,580
  • Pro Forma/Market Rent: $16,590
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.83
  • Gross Scheduled Income: --
  • Net Operating Income: $153,193
  • Gross Operating Income: $194,981
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1522 Wellesley Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Fireplace Information
  • Has Fireplace
  • Gas
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Tandem Garage
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Total # of Units: 2
  • Parcel Number: 4263039017
  • Year Built Source: Builder
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Sawtelle - South of Santa Monica Blvd and West of Bundy
View more facts & features

Local Los Angeles Agent

Sale History for 1522 Wellesley Ave

Last sold for $2,800,000 on October 11th, 2023

  • October, 2023

  • Oct 11, 2023

    Date

    Sold

    CRMLS: 23293680

    $2,800,000

    Price

  • Jul 24, 2023

    Date

    Active

    CRMLS: 23293680

    $2,950,000

    Price

  • October, 2022

  • Oct 24, 2022

    Date

    Leased

    CRMLS: 22200445

    $8,295

    Price

  • Sep 16, 2022

    Date

    Active

    CRMLS: 22200445

    $8,295

    Price

  • Listing provided courtesy of CRMLS

    Located in Prime West L.A., built in 2021, this modern residence offers 3 bedrooms, 2.5 baths, tandem garage and driveway. A covered front porch w/ Ring doorbell welcomes you into the light and bright foyer, where you will find a powder bath with pedestal sink. Throughout this home, you will find wide plank oak style vinyl flooring, recessed lighting, polished chrome plumbing fixtures, white flat panel cabinets with soft close doors and drawers, and white quartz countertops. The chef inspired kitchen includes a walk in pantry, island with bar seating and pendant lighting, subway tile backsplash, and stainless steel Bertazzoni appliances. Entertain in the dining area, which has a decorative light fixture, or cozy up by the gas fireplace of the great room while sliding doors beckon you out into the back yard with patio. Just inside from the tandem garage (wired for an electric vehicle charging station) you'll find a drop zone with bench seat. Upstairs loft, tech space with data outlet, linen shelving and dedicated laundry suite with sink, washer and dryer included. Two secondary bedrooms with shared bath, and grand suite with walk in closet and en suite bath with dual sink vanity and walk in shower with seat.

  • December, 2020

  • Dec 31, 2020

    Date

    Sold (Public Records)

    Public Records

    $747,000

    Price

  • October, 2019

  • Oct 22, 2019

    Date

    Sold

    CRMLS: 19487086

    $1,528,000

    Price

  • Oct 15, 2019

    Date

    Pending

    CRMLS: 19487086

    $1,595,000

    Price

  • Sep 6, 2019

    Date

    Active Under Contract

    CRMLS: 19487086

    $1,595,000

    Price

  • Aug 9, 2019

    Date

    Price Change

    CRMLS: 19487086

    $1,595,000

    Price

  • Jul 10, 2019

    Date

    Active

    CRMLS: 19487086

    $1,689,000

    Price

  • Listing provided courtesy of CRMLS

    Amazing Duplex with endless possibilities, perfect opportunity for Rehab or Development. Many similar lots/properties have been recently developed to beautiful townhomes as seen in the area. Front unit is a 2 bedroom & Den, Rear unit can be accessed through the alley. Each unit have their own private patio/yard area. Just minutes to Santa Monica beaches, 3rd Street Promenade, Brentwood shops, restaurants, close to Sawtelle district, Olympic/Bundy Expo Line Stop from downtown LA to Santa Monica beach, Property has Alley in the Back.

  • October, 2019

  • Oct 15, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,528,000

    Price

Show More

Tax History for 1522 Wellesley Ave

Assessed Value (2020): $1,528,000
Year Land Value Improved Value Assessed Value
2020 $1,300,000 $228,000 $1,528,000

Home Value Compared to the Market

This property vs the competition

1522 Wellesley Ave sold on October 11, 2023 for 147.9% 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 $764.25 per/sqft which puts the price per square foot 1.22% higher than the current median sale per square foot for the city of Los Angeles.

About 1522 Wellesley Ave

Detailed summary of property

1522 Wellesley Ave is a multi family that recently sold in Los Angeles, CA 90025. This multi family property offered 6 bedrooms, 6 bathrooms, roughly 3,860 living square feet, and sits on an approximately 5,999 square foot lot. 1522 Wellesley Ave was first listed on ArdentRealEstateGroup.com on July 24, 2023. The homeowner sold the property for $2,800,000. 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 147.9% higher than the current median priced home. Local homes that are currently for sale include 10772 Woodbine St, 3709 S Bentley Ave and 12021 Washington Pl. While the average home in Los Angeles, CA is selling in 93 days, 1522 Wellesley Ave has a days on market of 25 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 1522 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 1522 Wellesley Ave

Public county record property details
Beds
4
Baths
2
Year built
1941
Sq. Ft.
2,037
Lot Size
5,996
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
67
APN
4263-039-017

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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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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