Active
12222 Exposition Boulevard
Los Angeles CA, 90064
$2,700,000
$2,400.00 per sqft
Active
3 Beds
1 Bath
1,125 sqft
Residential
Built in 1947
Listed by Omar Evanns with Keller Williams Larchmont 323-762-2600
***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.
24381593
MLSⓇ ID
April 17, 2024
Listed
April 30, 2024
Updated
Map
12222 Exposition Boulevard
Los Angeles CA, 90064
Interior Features
Total Stories
1
Bedrooms
3 Beds
Bathrooms
1 Bath
Appliances
Dishwasher, Gas Cooktop, Microwave, Dryer
Floor Description
Wood
Fireplace
Yes
Fireplace Description
Decorative
Cooling
No
Cooling Description
None
Heating
No
Exterior/Building Features
Lot Size
0.11 Acres
Architectual Style
Mid-Century Modern
Roof
Common Roof
Sewer
Sewer Tap Paid
Other Property Details
Area Name
WLA - West Los Angeles
Days on Market
13
Garage
Yes
Garage Spaces
2
Parking
Door-Multi, Garage
Parking Total
2
View
Yes
View Description
City Lights
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LAR1
Buyer Agency Compensation
2%
Listing Contact: 323-762-2600
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/30/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 4/30/2024 at 10:13 PM UTC