2200 Wellesley Ave
Los Angeles,
CA
90064
Property Details
List Price: |
$2,725,000 |
Beds: |
2 |
Baths: |
1 |
Status: |
Active |
SqFt: |
914 |
Agency: |
Keller Williams Larchmont |
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Description/Comments
Lot Size: |
-- |
Property Type: |
Residential |
Year Built: |
1935 |
Notes: |
***NOTE!!! PROPERTY TO BE SOLD TOGETHER WITH HOUSE NEXT DOOR, 12222 EXPOSITION, PROPERTIES TO BE SOLD TOGETHER FOR $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, 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. |
MlsNumber: |
24-381585 |
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Listing Provided By: |
Keller Williams Larchmont, original listing |
Name: |
Keller Williams Larchmont |
Phone: |
(323) 762-2600 |
Office Name: |
Keller Williams Larchmont |
Office Phone: |
(323) 762-2600 |
Agent Name: |
Omar Evanns |
Disclaimer: |
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |