• Asking Price $2,725,000
  • Estimated Value: $1,537,851

  • 2200 WELLESLEY AVE LOS ANGELES, CA 90064

  • 2 Beds 1 Bath 914 SqFt
  • Single Family Home / Resale (MLS)
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Property Details for 2200 WELLESLEY AVE, LOS ANGELES, CA 90064

Features

  • Price/sqft: $2,981
  • Lot Size: 4709.00 sq. ft.
  • Total Units: 1
  • Total Rooms: 4
  • Room List: Bedroom 1, Bedroom 2, Bathroom 1, Family Room
  • Stories: 100
  • Roof Type: Composition Shingle
  • Heating: Floor/Wall
  • Construction Type: Wood

Facts

  • Year Built: 01/01/1935
  • Property ID: 876383985
  • MLS Number: 24-381585
  • Parcel Number: 4259-030-007
  • Property Type: Single Family Home
  • County: LOS ANGELES
  • Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. ***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.

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Property Brokerage: Keller Williams Larchmont 118 N. Larchmont Blvd. Los Angeles CA 90004
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.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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