2318 Wellesley Avenue, Los Angeles, CA 90064

Local realty services provided by:ERA North Orange County Real Estate
2318 Wellesley Avenue,Los Angeles, CA 90064
$4,100,000
  • 0.29 Acres
  • Lots / Land
  • Active
Listed by:iman mossanen
Office:marcus & millichap
MLS#:25561685
Source:CRMLS

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

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Home facts

  • Listing ID #:25561685
  • Added:87 day(s) ago
  • Updated:September 26, 2025 at 10:31 AM

Structure and exterior

  • Lot area:0.29 Acres

Finances and disclosures

  • Price:$4,100,000
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