1251 Wellesley Ave Los Angeles, CA 90025

1251 Wellesley Avenue consists of 7 beautiful units ideally located in the heart of LA's vibrant Westside. The property was built in1987, and as such, is NOT subject to the City of Los Angeles's Rent Stabilization Ordinance (AB 1482 applies). The property consists of one building with two floors of residential units over 1 level of gated parking (exempt from seismic soft story retrofit). The ideal unit mix consists of seven 1+1 units and an incredible 2 bedroom, 2.5 bathroom townhome style unit. The property features beautiful landscaping, new paint, and a fresh facade. Interiors have been finished with wood flooring and modern cabinetry. The building offers its residents a secure intercom entry, balconies, double/stack windows, an on-site laundry room, and ample gated parking (11 spaces for 7 units). Each unit has a fireplace, central HV/AC, walk-in storage, and a corner-view kitchen with sliding windows to outside. This property is only blocks from theCity of Santa Monica. Located on the corner of Texas Avenue, just one block south of Wilshire Boulevard, the units have dynamite floor plans flooded with natural light. Within walking distance of Brentwood and the high-end dining and nightlife of Wilshire Blvd.and Santa Monica Blvd., this rare value add offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a prestigious turnkey asset in one of the best rental locations in all of Los Angeles.