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$1,568,000

Est. payment - /mo

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3 Beds

2 Baths

1,222 SqFt

Price Dropped by $22K

1745 Wellesley Avenue Los Angeles, CA 90025

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Kurt Wannebo

kurt@wanneboreg.com +1(858) 405-5878

Open House

Sat Aug 22, 1:00pm - 4:00pm

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,222 sqft

Price per Sqft $1,283

MLS Listing ID OC26112727

Bedrooms 3

Full Baths 2

Year Built 1939

Lot Size 5,799 Sqft

Property Sub-Type Detached

Property Description

Rare opportunity to acquire a prime piece of real estate in the highly sought-after 90025 zip code. Situated on a spacious, flat 5,799 sq. ft. lot, this LAR1-zoned property offers endless potential for a massive value-add renovation, an expansive addition, or a complete ground-up custom rebuild. With new construction and luxury fully renovated homes in the immediate neighborhood commanding premium pricesfrequently selling between $2.5M and upwards of $3.8Mthe After Repair Value (ARV) and return on investment potential here is exceptional. Capitalize on California's ADU laws to maximize the footprint, or design a luxury single-family compound (buyer to verify all zoning, building, and ADU regulations with the city). Lovely 3 bedroom 2 bath 1939 cottage with beautiful refinished hard floors and a spacious yard with delicious orange and lemon trees. Living room with fireplace, kitchen, formal dining room, inside laundry area, three bedrooms and two bathrooms, one with tub and shower and another with shower. Kitchen and bathrooms were recently remodeled. Fresh paint throughout. Two car detached garage and additional parking in long driveway. This house has its own private grass filled yard, which is fenced and perfect for your pet. The home can easily be lived in or rented out to generate carrying income while you finalize your architectural plans and pull permits with the city. Nestled on a quiet, tree-lined street, this property boasts a phenomenal Walk Score. You are just steps away from local grocery stores and the world-class dining of Sawtelle Japantown. Commuting is a br

Location

State CA

County Los Angeles

Zoning LAR1

Direction West of Bundy, between Olympic and Santa Monica blvd, Cross Street: Iowa Ave

Interior

Heating Forced Air Unit

Cooling Wall/Window

Flooring Laminate, Wood

Fireplaces Type FP in Living Room

Fireplace No

Appliance Dishwasher, Refrigerator, Water Line to Refr, Gas Range

Laundry Gas, Washer Hookup

Exterior

Parking Features Garage - Two Door, Garage Door Opener

Garage Spaces 2.0

View Y/N Yes

Water Access Desc Public

Total Parking Spaces 5

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories 1

Others

Senior Community No

Tax ID 4259009020

Acceptable Financing Cash, Cash To New Loan

Listing Terms Cash, Cash To New Loan

Special Listing Condition Standard

Listed by Yelena Vakulenko, DRE#01824587 Realty Network

NEARBY SCHOOL & BUSINESS

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Kurt Wannebo

Broker Associate | CA Dre# 01468255

+1(858) 405-5878

1745 Wellesley Avenue Los Angeles, CA 90025

Kurt Wannebo

Open House

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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1745 Wellesley Avenue