$4,100,000

2318 Wellesley Ave Los Angeles, CA 90064

Sawtelle Neighborhood

Estimated payment $24,031/month

Total Views 1,560
0.14 Acre
$28,571,429 Price per Acre
12,500 Sq Ft Lot

Highlights

  • City View
  • Richland Avenue Elementary Rated A-
  • 4-minute walk to Expo/Bundy

About This Lot

2318-2322 Wellesley Avenue offers a rare double-lot development opportunity in the heart of West Los Angeles. Spanning 12,500 SF with 100 feet of frontage, the site is zoned R3(EC) under the Exposition Corridor Transit Neighborhood Plan and sits just 0.2 miles from the Expo/Bundy Metro Station, qualifying it for AB 2097's parking exemption and multiple density bonuses. Preliminary feasibility studies indicate potential for up to 66 units through the Mixed Income Incentive Program (MIIP), or up to 95 units via the Affordable Housing Incentive Program (AHIP), with a max FAR of 4.65:1 and buildable area nearing 39,092 SF. The site is currently improved with two tenant-occupied single-family homes generating $9,100/month and is not subject to rent control. Located between Santa Monica, Brentwood, Westwood, and Culver City, the site benefits from proximity to major employers like Riot Games, Sony Pictures, and Fox Studios, as well as large-scale developments including West Edge and Martin Expo Town Center. With a Walk Score of 88, no RSO restrictions, and no parking requirement, this is a high-impact infill site ideal for delivering new housing to one of LA's most constrained and in-demand rental markets.

Listing Agent

Iman Mossanen

Marcus & Millichap License #01978006 Listed on: 07/07/2025

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $20,291

Lot Details

  • 12,500 Sq Ft Lot
  • Lot Dimensions are 100x125
  • Property is zoned R3(EC)

Utilities

  • Phone Available
  • Cable TV Available

Additional Features

  • City Views
  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 4259-029-004

Property Details

Property Type

Land

Est. Annual Taxes

$20,291

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.1435
  • Lot Dimensions: 100x125
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per S Q F T: 2988.34

Exterior Features

  • Public Street: Yes
  • Road Frontage: 100 Feet
  • View: City
  • View: Yes

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 4259-029-004
  • Lot Description: 2-4 Lots
  • Lot Location: City
  • Lot Size Area: 12500

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $20,291 $1,704,829 $1,363,864 $340,965
2024 $20,291 $1,671,402 $1,337,122 $334,280
2023 $19,897 $1,638,630 $1,310,904 $327,726
2022 $18,966 $1,606,500 $1,285,200 $321,300
2021 $18,738 $1,575,000 $1,260,000 $315,000
2020 $11,590 $953,873 $763,100 $190,773
2019 $11,126 $935,171 $748,138 $187,033
2018 $11,045 $916,835 $733,469 $183,366
2016 $10,562 $881,236 $704,989 $176,247
2015 $10,489 $868,000 $694,400 $173,600
2014 $7,629 $613,184 $473,153 $140,031
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2025 07/07/25 For Sale $4,100,000 0.0% --
02/17/2021 02/17/21 Rented $4,500 0.0% --
02/09/2021 02/09/21 Price Changed $4,500 -4.3% $3 / Sq Ft
01/29/2021 01/29/21 Price Changed $4,700 -6.0% $3 / Sq Ft
01/14/2021 01/14/21 For Rent $5,000 0.0% --
10/12/2020 10/12/20 Sold $1,575,000 0.0% $1,148 / Sq Ft
10/12/2020 10/12/20 Pending -- -- --
10/12/2020 10/12/20 For Sale $1,575,000 +81.5% $1,148 / Sq Ft
12/31/2014 12/31/14 Sold $868,000 -8.5% $633 / Sq Ft
12/03/2014 12/03/14 Pending -- -- --
11/28/2014 11/28/14 For Sale $949,000 -- $692 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,575,000 Stewart Title
Grant Deed $868,000 Fidelity National Title
Interfamily Deed Transfer -- Lawyers Title Company
Interfamily Deed Transfer -- Lawyers Title Company
Quit Claim Deed -- United Title Company
Grant Deed $449,000 California Title Company
Grant Deed $335,000 Chicago Title
Grant Deed $325,000 First American Title Co
Grant Deed $180,000 Guardian Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,181,250 New Conventional
Previous Owner $623,157 New Conventional
Previous Owner $694,400 New Conventional
Previous Owner $1,900,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $151,000 Credit Line Revolving
Previous Owner $529,000 Negative Amortization
Previous Owner $477,000 Purchase Money Mortgage
Previous Owner $359,200 No Value Available
Previous Owner $251,250 No Value Available
Previous Owner $260,000 No Value Available
Previous Owner $144,000 No Value Available
Closed $32,500 No Value Available
Closed $50,200 No Value Available
Closed $89,800 No Value Available
Source: Public Records

Source: The MLS

MLS Number: 25561685

The MLS

APN: 4259-029-004

California Los Angeles County Los Angeles 90064 Sawtelle

2318 Wellesley Ave, Los Angeles, CA

This home is located at 2318 Wellesley Ave, Los Angeles, CA 90064 and is currently priced at $4,100,000. 2318 Wellesley Ave is a home located in Los Angeles County with nearby schools including Richland Avenue Elementary, Nora Sterry Elementary School, and Daniel Webster Middle School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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Iman Mossanen
Listing Agent
Iman Mossanen
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Marcus & Millichap
(310) 866-3844