Active
Private Address
$2,700,000
$2,954.05 per sqft
Active
914 sqft
Commercial
Built in 1935
Listed by Omar Evanns with Keller Williams Larchmont 323-762-2600
****NOTE!! TO BE SOLD TOGETHER WITH HOUSE NEXT DOOR [CONTIGUOUS LOT] AT 12222 EXPOSITION, TOTAL PRICE FOR BOTH, $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 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) Offering is two Contiguous Lots, 9416 Square Ft total. 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. *: 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.
24381625
MLSⓇ ID
April 17, 2024
Listed
April 19, 2024
Updated
Map
Private Address
Interior Features
Total Stories
1
Fireplace
No
Cooling
No
Heating
No
Heating Description
None
Exterior/Building Features
Lot Size
0.11 Acres
Lot Features
Value In Land
Roof
Common Roof
Other Property Details
Area Name
WLA - West Los Angeles
Days on Market
2
Garage
No
Parking Total
1
View
No
County
Los Angeles
Pool
No
Zoning
LAR3TOC4
Buyer Agency Compensation
2%
Listing Contact: 323-762-2600
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/19/2024. 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 4/19/2024 at 7:12 PM UTC