CA > Los Angeles
Los Angeles, CA 90048,142 S Wetherly Dr
Los Angeles, CA 90048,142 S Wetherly Dr
Los Angeles, CA 90048,142 S Wetherly Dr
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$15,250,000
Est. payment /mo
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43 Baths
35,577 SqFt
Active

142 S Wetherly Dr Los Angeles, CA 90048

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Michelle Tang

Michelle Tang

+1(702) 875-6424

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 35,577 sqft

Price per Sqft $428

MLS Listing ID 25523371

Year Built 1969

Lot Size 0.413 Acres

Acres 0.4134

Property Sub-Type Multi-Family

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-bathroom penthouse unit. As units turnover, a savvy investor stands to capture significant loss-to-lease of roughly 35% by capitalizing on high-end finishes sought after by the modern-day Beverly Hills, adjacent renter.Beyond the property's physical characteristics, 142 South Wetherly benefits from an exceptional location between Beverly Hills and West Hollywood, placing it in one of Southern California's most desirable rental markets. Surrounded by multimillion-dollar homes, the area is starved of high-end rental apartment product. With proximity to Rodeo Drive, the Sunset Strip, and Century City the property offers residents access to high-end retail, world-class dining, major employment centers, and vibrant entertainment, making it feel like the best of tow premier neighborhoods in one location.Given the specific location, physical attributes of the asset, untapped value-add potential, and rarity of the offering, 142 South Wetherly Drive offers investors the unique opportunity to establish a premier luxury community in one of Los Angeles' most coveted rental submarkets.

Location

State CA

County Los Angeles

Area Beverly Center-Miracle Mile

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Equipment Dishwasher, Microwave, Garbage Disposal, Range/Oven

Exterior

Parking Features Assigned, Gated

Garage Spaces 39.0

Building

Story 4

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Remax Commercial and Investment Realty

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142 S Wetherly Dr