12222 Exposition Boulevard Los Angeles, CA 90064
3
Beds
1
Bath
1,125
Sqft
4,707
Sqft lot
0.11
Acre lot
$2,725,000
Est.$9,692 / mo.*
Status:
Active
Property Type:
Single Family Residence
Year Built:
1947
Days on Website:
17
Listing courtesy of Omar Evanns (CalBRE#02181182), Keller Williams Larchmont {attribution_contact}
Description
***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 Details and Features
Appliances & Equipment
- Dishwasher
- Gas Cooktop
- Microwave
Bathrooms
- 1 full bathroom
Bedrooms
- 3 bedrooms
Building
- 1125.00 living sqft
- Common walls: No Common Walls
- Construction materials: Stucco
- Architectural style: Mid Century Modern
- Levels: One
- 1 story
- Built in 1947
- Entry location: Other
Dining Room
- Dining Room
Fence
- Wood
Fireplaces
- Decorative
Floors
- Wood
Garage
- 2 garage spaces
Water Features
- Water source: Public
Laundry
- Dryer Included
Listing
- Listing ID: 24381593
- 2422.22 per sqft
- 17 days on market
Location
- MLS area: WLA - West Los Angeles
- County: Los Angeles
Lot
- 0.1081 acres
- 4,707 sqft
- Dimensions: 43x110
Parking
- 2 spaces
- Garage - Two Door
Property
- City Lights
- Zoning: LAR1
Roof
- Common Roof
Sewer
- Sewer Paid