2318 Wellesley Avenue, Los Angeles, CA 90064
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
2318 Wellesley Avenue,Los Angeles, CA 90064
$4,100,000
- 0.29 Acres
- Lots / Land
- Active
Listed by:iman mossanen
Office:marcus & millichap
MLS#:CL25561685
Source:CA_BRIDGEMLS
Price summary
- Price:$4,100,000
About this home
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.
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Home facts
- Listing Id #:CL25561685
- Added:45 day(s) ago
- Updated:August 23, 2025 at 02:26 PM
Rooms and interior
- Living area:12,500 sq. ft.
Structure and exterior
- Building area:12,500 sq. ft.
- Lot area:0.29 Acres
Finances and disclosures
- Price:$4,100,000
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