Listing by: Omar Evanns, Keller Williams Larchmont
2 Beds
1 Bath
914 SqFt
Active
***NOTE!!! PROPERTY TO BE SOLD TOGETHER WITH HOUSE NEXT DOOR, 12222 EXPOSITION, PROPERTIES TO BE SOLD TOGETHER FOR $5,400,000.00. **** BTRE is pleased to present a prime development opportunity in rapidly changing Olympic/Bundy area, literally right across from the Metro Line, a stone's throw from retail (Trader Joes, Gelsons), entertainment (Bars, restaurants, coffee shops, in re-vitalized Pico/Bundy area, as well as large Westedge mixed-use upscale apartment/retail development) and quite nearby to employment centers (Fox 11; Riot Studios; USC Medical). 2200 Wellesely and 12222 Exposition are 2 contiguous lots, which both benefit from the highly coveted LAR3 TOC Tier 4 Zoning. A recent feasibility study on the property shows a current POTENTIAL OF UP TO 96 UNITS ON THE PROPERTY - based on the new ED1 program, a product of a recent (December 2022) executive order from the City of LA, designed to encourage affordable housing.[Other potential unit mixes are available, but highest/best use is ED-1 by far, see feasibility study in documents folder for full report*]There are homes on both lots, and there are tenants in the homes. Do not disturb tenants; drive by only/contact agent for any further viewing. Can be delivered vacant. [see private remarks] *: Feasibility study obtained by Seller's agent from third party. Seller, Sellers Brokers, Sellers Agents, make no warranties as to the correctness of said information. Buyer to do own due diligence.
Property Details | ||
|---|---|---|
| Price | $2,700,000 | |
| Bedrooms | 2 | |
| Full Baths | 1 | |
| Half Baths | 0 | |
| Total Baths | 1 | |
| Property Style | See Remarks | |
| Lot Size | 43x110 | |
| Lot Size Area | 4711 | |
| Lot Size Area Units | Square Feet | |
| Acres | 0.1081 | |
| Property Type | Residential | |
| Sub type | SingleFamilyResidence | |
| MLS Sub type | Single Family Residence | |
| Stories | 1 | |
| Year Built | 1935 | |
| View | City Lights | |
| Roof | Common Roof | |
| Heating | Wall Furnace | |
| Laundry Features | Washer Included,Dryer Included | |
| Pool features | None | |
| Parking Description | Driveway Down Slope From Street | |
| Parking Spaces | 2 | |
Geographic Data | ||
| Directions | 10 Fwy, Exit Centinela, Take Centinela North/West to Exposition, turn east on Expo, take Expo to Wellesley, 2200 Wellesley is corner lot, on Expo/Wellesley. | |
| County | Los Angeles | |
| Latitude | 34.030886 | |
| Longitude | -118.454482 | |
| Market Area | WLA - West Los Angeles | |
Address Information | ||
| Address | 2200 Wellesley Avenue, Los Angeles, CA 90064 | |
| Postal Code | 90064 | |
| City | Los Angeles | |
| State | CA | |
| Country | United States | |
Listing Information | ||
| Listing Office | Keller Williams Larchmont | |
| Listing Agent | Omar Evanns | |
| Buyer Agency Compensation | 2.000 | |
| Buyer Agency Compensation Type | % | |
| Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
| Special listing conditions | Standard | |
MLS Information | ||
| Days on market | 13 | |
| MLS Status | Active | |
| Listing Date | Apr 17, 2024 | |
| Listing Last Modified | Apr 30, 2024 | |
| Tax ID | 4259030007 | |
| MLS Area | WLA - West Los Angeles | |
| MLS # | 24381585 | |
This information is believed to be accurate, but without any warranty.