Condominium buy in Santa Monica California

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. MLS® ID: 22210613 Listed: 10/19/22 Updated: 10/24/22 Interior Features Kitchen Appliances: Microwave, Refrigerator Total Bedrooms: 8 Total Bathrooms: 8 Laundry Description: Common Area Floor Description: Wood Cooling: Central Air Heating: Central Exterior/Building Features Lot Size: 6,355 ft2 lot Other Property Details Area Name: WLA - West Los Angeles Garage: No Parking: Gated Parking Total: 11.0 View: N County: Los Angeles Pool: No Pool Description: None Total Stories: 2 Zoning: LAR3 Courtesy of Remax Commercial and Investment Realty, Jonathan Taksa, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/24/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.