$2,700,000
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2200 Wellesley Avenue Los Angeles, CA 90064
Single Family
Residence
2
Beds
1
Baths
914
Sq. Ft.
0.11
Acre
Lot
Property Activity
Time on Site
days
Days on Market
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***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 r...etail (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.
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MLS#
24381585
Property Type
Single Family
Status
Bedrooms
2
Bathrooms
1 Full
Year Built
1935
Square Feet
914
sq. ft
Lot Size
0.11
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