142 S Wetherly Drive, Los Angeles, CA 90048
Local realty services provided by:Better Homes and Gardens Real Estate Registry
142 S Wetherly Drive,Los Angeles, CA 90048
$15,250,000
- - Beds
- 43 Baths
- 35,577 sq. ft.
- Multi-family
- Pending
Listed by:jonathan taksa
Office:remax commercial and investment realty
MLS#:25523371
Source:CRMLS
Price summary
- Price:$15,250,000
- Price per sq. ft.:$428.65
About this home
We re pleased to present the opportunity to acquire 142 South Wetherly Drive, a 36 unit value-add opportunity located near the corner of Doheny Drive and 3rd Street on the border of Beverly Hills.142 South Wetherly is an extremely rare offering as this is the first time the property has been offered for sale on the open market and is being sold by the family of the original developer. The building layout is as an exceptional opportunity for a boutique luxury value-add investor. 142 South Wetherly's footprint features condo style layouts with expansive floorplans, wide hallways, private balconies, and adequate parking which pairs perfectly for the area's affluent renter base. With all the units in classic condition or moderately upgraded, a potential buyer has a unique opportunity to acquire a property seeking modernized cosmetic enhancements. 142 South Wetherly is located on a ~17,990-square-foot lot and is comprised of one four story walk-up garden style building totaling ~35,577 square feet over on-grade secured garage parking with 39 spaces. The property offers a desirable unit mix that bodes well for the renting community in the immediate area, including one (1) Studio, (29) one-bedroom/one-bathroom units, five (5) two-bedroom/two-bathroom units, and (1) one two-bedroom/three-bathroom penthouse unit. As units turnover, a savvy investor stands to capture significant loss-to-lease of roughly 35% by capitalizing on high-end finishes sought after by the modern-day Beverly Hills, adjacent renter.Beyond the property's physical characteristics, 142 South Wetherly benefits from an exceptional location between Beverly Hills and West Hollywood, placing it in one of Southern California's most desirable rental markets. Surrounded by multimillion-dollar homes, the area is starved of high-end rental apartment product. With proximity to Rodeo Drive, the Sunset Strip, and Century City the property offers residents access to high-end retail, world-class dining, major employment centers, and vibrant entertainment, making it feel like the best of tow premier neighborhoods in one location.Given the specific location, physical attributes of the asset, untapped value-add potential, and rarity of the offering, 142 South Wetherly Drive offers investors the unique opportunity to establish a premier luxury community in one of Los Angeles' most coveted rental submarkets.
Contact an agent
Home facts
- Year built:1969
- Listing Id #:25523371
- Added:126 day(s) ago
- Updated:August 13, 2025 at 07:30 AM
Rooms and interior
- Total bathrooms:43
- Living area:35,577 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnance
Structure and exterior
- Year built:1969
- Building area:35,577 sq. ft.
- Lot area:0.41 Acres
Finances and disclosures
- Price:$15,250,000
- Price per sq. ft.:$428.65
New listings near 142 S Wetherly Drive
- New
$585,000Active2 beds 2 baths1,135 sq. ft.5215 Balboa Boulevard #101, Encino (los Angeles), CA 91316
MLS# CL25577609Listed by: EQUITY UNION - New
$749,000Active3 beds 2 baths1,257 sq. ft.3961 Via Marisol #218, Los Angeles, CA 90042
MLS# CROC25183505Listed by: RE/MAX PREMIER REALTY - New
$989,000Active3 beds 3 baths1,872 sq. ft.815 255th Street, Harbor City (los Angeles), CA 90710
MLS# CRSB25183238Listed by: PENINSULA REALTY, INC. - New
$729,000Active2 beds 3 baths1,210 sq. ft.9148 Tujunga Canyon Boulevard, Tujunga, CA 91042
MLS# AR25182831Listed by: IRN REALTY
- New
$790,000Active1 beds 1 baths652 sq. ft.400 Broadway #3106, Los Angeles, CA 90013
MLS# AR25183140Listed by: PINNACLE REAL ESTATE GROUP - New
$550,000Active2 beds 2 baths780 sq. ft.1418 54th Street, Los Angeles, CA 90011
MLS# DW25183548Listed by: CENTURY 21 ALLSTARS - New
$1,499,000Active4 beds 3 baths2,262 sq. ft.2917 Hillcrest Drive, Los Angeles, CA 90016
MLS# P1-23691Listed by: COMPASS - New
$1,595,000Active2 beds 2 baths1,750 sq. ft.4634 Nagle Avenue, Sherman Oaks, CA 91423
MLS# SR25173513Listed by: BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA PROPERTIES - New
$595,000Active3 beds 3 baths1,617 sq. ft.8744 Burnet #7, North Hills, CA 91343
MLS# SR25178024Listed by: KELLER WILLIAMS REALTY CALABASAS - New
$1,379,777Active4 beds 2 baths1,661 sq. ft.6667 Royer Avenue, West Hills, CA 91307
MLS# SR25183265Listed by: CENTURY 21 MASTERS
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2025 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each Office is Independently Owned and Operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.