Los Angeles, CA 90048,142 S Wetherly Drive
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Los Angeles, CA 90048,142 S Wetherly Drive
Los Angeles, CA 90048,142 S Wetherly Drive
Los Angeles, CA 90048,142 S Wetherly Drive
Los Angeles, CA 90048,142 S Wetherly Drive
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$ 15,250,000
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142 S Wetherly Drive Los Angeles, CA 90048

35,577 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 35,577 sqft

Price per Sqft $428

MLS Listing ID CL25523371

HOA Y/N No

Year Built 1969

Lot Size 0.413 Acres

Acres 0.41

Property Sub-Type Other

Property Description

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

Location

State CA

County Los Angeles

Zoning LAR4

Interior

Heating Wall Furnace

Fireplace No

Building

New Construction No

Others

Tax ID 4335009026


Bridge MLS
Listed by Jonathan Taksa • Remax Commercial and Investment Realty
agent

Sandra Lucas

Broker Associate | License ID: 01496944

+1(925) 464-8400

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142 S Wetherly Drive