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1251 Wellesley Avenue

1251 Wellesley Avenue, Los Angeles, CA 90025
Multifamily in West Los Angeles
Sold Nov 30, 2022
$3,824,500
Local assessors in Los Angeles, CA have categorized 1251 Wellesley Avenue as a residential type of property. The home was built in 1987 and is 37 years old. The property's lot size has been calculated to be 6,355 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 8 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 8 full bathrooms. There are also 8 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1251 Wellesley Avenue has a total of 5,969 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a flat style roof that was made of roll composition. Lots of stucco were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source. The property was last sold in Nov 22, 2022 for $3,824,500. That's $640.73 per sqft. 1251 Wellesley Avenue was last assessed in 2023. The total value of the property was assessed at $3,824,396. Specifically, the land the property is located on was valued at $2,677,000. While improvements on the property were assessed at a total of $1,147,396. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $20,110. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Parking

Gated Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Bedroom Count: 8
  • Bathroom Count: 8
  • Full Bathrooms: 8
  • Partial Bathrooms: 8
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Flat
  • Roof Cover Type: Roll composition
  • Floor Count: 2
  • Living Units: 7
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,355
  • Total Building Area: 5,969
  • Gross Building Area: 5,969
  • Building Area: 5,969
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 5,969
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CAMBRIDGE TRACT
  • Land Acres: 0.146
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: CAMBRIDGE TRACT LOT COM S 44 03 E 65.14 FT FROM MOST N COR OF LOT 9 BLK C TH S 44 03 E 85.19 FT TH S 42 09 W 72 FT TH NW PARALLEL WITH SW LINE OF SD LOT 85 FT TH N 42 09 E TO LOT/SEC 10 BLK/DIV/TWN C

Ownership

  • Current Owner : SEPULVEDA BUILDING LLC
  • Previous Owner : ELYAHOO SOROURIAN FAMILY TRUST
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 267405

Zoning

  • Zoning: LAR3

Geography

  • Assessors Map Reference: 41-C4
  • Parcel: 4267-036-013
  • Block: C
  • Lot: 9
  • Municipality: WEST /SANTA MONICA
  • Latitude: 34.0415
  • Longitude: -118.468

    Address

  • Full Address: 1251 Wellesley Ave
  • Address - House Number: 1251
  • Address - Street Name: Wellesley
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C014
  • 4-Digit Zip Code: 1196
  • Zip Code: 90025

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $20,110
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.1159
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 76
  • Final Value: 1,623,199
  • High Value: 1,811,347
  • Low Value: 1,435,050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,824,396
  • Assessed Land Value: $2,677,000
  • Assessed Improvements Value: $1,147,396

    Sales

  • Current Sale Contract Date: Nov 22, 2022
  • Current Sale Recording Date: Nov 30, 2022
  • Current Sale Transaction ID: 11899163659
  • Current Sale Price: $3,824,500
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 1120542

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Frequently Asked Questions

What neighborhood is 1251 Wellesley Avenue located in?
The 1251 Wellesley Avenue is a multifamily located in the neighborhood of West Los Angeles in West Los Angeles, Los Angeles.
What is the average sales price for listings in 1251 Wellesley Avenue?
The average sales price for units in 1251 Wellesley Avenue is $0 currently.

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