Thank you
Omar Evanns
Keller Williams Larchmont
323-762-2600
***NOTE**** MUST BE SOLD TOGETHER WITH 2200 WELLESLEY(HOUSE NEXT DOOR), BOTH for total of $5,450,000.00. 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 105 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. Feasibility study available in document folder. 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. More tenant info in private remarks. 2200 Wellesley tenant is on a month to month. *: 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.
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Total Bedrooms : 3
Total Baths: 1
Full Baths: 1
Half Baths: 0
Water Source : Public
Sewer : Sewer Tap Paid
Roof : Common Roof
Property Appliances: Dishwasher,Gas Cooktop,Microwave,Dryer
Fireplace: Decorative
Flooring: Wood
Furnished Description: Unfurnished
None
Air Conditioning
Fireplace Features: Decorative
Has Fireplace: 1
Year Built: 1947
Building Area Total: 1,125
Construction: Stucco
Roof: Common Roof
None
None
None
Wood
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1081
Lot Size Dimensions: 43x110
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 4707
Original List Price: 2,725,000
Listing Contract Date: 2024-04-17
Listing Agreement: Seller Reserved
Parcel Number: 4259030006
Garage Description: Door-Multi,Garage
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: WLA - West Los Angeles
Postal Code Plus 4: 1012
Directions: 10 Fwy, Exit Centinela, Take Centinela North/West to Exposition, turn east on Expo, take Expo to 12222 Exposition (second house from corner of Expo and Wellesley)
Zoning: LAR1
Source Property Type: Residential
Area: WLA - West Los Angeles
Property SubType: Single Family Residence
Property Age: 77
Common Walls: No Common Walls
Structure Type: Single Family Residence
Year Built Source: Vendor Enhanced
Total Square Feet Living: 1125
Entry Location: Other
Levels or Stories: One
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
2671 Anchor Avenue, Los Angeles, CA,90064 | $2,750,000 | 3 | 3 | 1,668 | 14935 Sqft |
2852 Sawtelle Boulevard.., Los Angeles, CA,90064 | $663,000 | 2 | 1 | 890 | 33607 Sqft |
3021 Earlmar Drive, Los Angeles, CA,90064 | $7,999,000 | 6 | 4 | 7,233 | 8749 Sqft |
2265 Wellesley Avenue, Los Angeles, CA,90064 | $3,300,000 | 5 | 5 | 3,677 | 6254 Sqft |
11755 National Boulevard, Los Angeles, CA,90064 | $8,995,000 | 36 | -- | 23,148 | 19618 Sqft |
2568 Military Avenue, Los Angeles, CA,90064 | $1,249,000 | 3 | 2 | 1,758 | 7430 Sqft |
11735 Tennessee Avenue, Los Angeles, CA,90064 | $1,450,000 | 2 | 1 | 1,064 | 5437 Sqft |
2230 S Bentley Avenue #.., Los Angeles, CA,90064 | $1,389,000 | 3 | 3 | 1,963 | 18166 Sqft |
2620 S Barrington Avenue, Los Angeles, CA,90064 | $2,474,000 | 8 | -- | 3,606 | 6604 Sqft |
2307 Federal Avenue, Los Angeles, CA,90064 | $9,900,000 | 3 | 3 | 9,038 | 8548 Sqft |
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ByOwner last updated this listing 05/17/2024 @ 19:53
MLS: 24381593
LISTED BY: Omar Evanns, Keller Williams Larchmont
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.