12222 Exposition Boulevard Los Angeles, CA 90064
***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.
- Property TypeSingle Family Home
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site33 Days
- MLS StatusActive
- MLS ID Number24381593
- Home Size Source N/A
- Year Built1947
- Lot Size0.1081 Acres
- Full Baths1
- Partial BathsN/A
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General Features
- Style Mid Century Modern
- Construction Stucco
- Parking Garage - Two Door
- Parking Spaces 2
- Number of Stories 11
- Acreage 0.1081
- Water Public
- Property Sub Type Single Family Residence
- Garage Spaces 2
- Zoning LAR1
- Listing Conditions Standard
- Direction Faces North
Interior Features
- Cooling None
- Appliances DishwasherGas CooktopMicrowave
- Flooring Wood
- Furnished? Unfurnished
- Fireplace Features Decorative
- Laundry Features Dryer Included
- Fireplace Yes
Exterior Features
- View City Lights
- Fencing Wood
- Spa No
- Pool Features None
- Spa Features None
- Patio And Porch None
Community Features
- Senior Community No
- MLS Area WLA - West Los Angeles