12222 Exposition Boulevard, Los Angeles, CA 90064 (MLS # 24381593)
***NOTE**** MUST BE SOLD TOGETHER WITH 2200 WELLESLEY(HOUSE NEXT DOOR), BOTH for total of $5.4Million. 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. 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.
Property Type(s):
Single Family
|
Last Updated
|
4/17/2024
|
Year Built
|
1947
|
|
Community
|
West Los Angeles
|
Garage Spaces
|
2.0
|
|
County
|
Los Angeles
|
Additional Details
| AIR |
None |
| APPLIANCES |
Dishwasher, Dryer, Gas Cooktop, Microwave |
| AREA |
West Los Angeles |
| BUYER'S BROKERAGE COMPENSATION |
2.000 % |
| CONSTRUCTION |
Stucco |
| FIREPLACE |
Yes |
| GARAGE |
Door-Multi, Garage, Yes |
| LOT |
4707 sq ft |
| LOT DIMENSIONS |
43x110 |
| PARKING |
Door-Multi,Garage |
| POOL DESCRIPTION |
None |
| SEWER |
Sewer Tap Paid |
| STORIES |
1 |
| STYLE |
Mid-Century Modern |
| VIEW |
Yes |
| VIEW DESCRIPTION |
City Lights |
| WATER |
Public |
| ZONING |
LAR1 |
Location
Listed with Keller Williams Larchmont
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/1/24 11:01 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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