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12222 Exposition Boulevard

Los Angeles (City), CA 90064
  • $2,725,000
  • STATUS: Active
  • ON SITE: 33 Days
  • ID#: 24381593
UPDATED: 182 min ago
$2,725,000
  • 3
    BEDS
  • 0.11
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 1,125
    SQFT
  • $2,422
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1947
County:

School Ratings & Info

Listing Agent(s): Omar Evanns of Keller Williams Larchmont (323-762-2600)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-24T00:35:17.22. 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 deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/149540979
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12222 Exposition Boulevard Los Angeles (City), CA 90064

  • Price: $2,725,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 182 min ago
  • ID#: 24381593
3
Beds
1
Baths
0
½ Baths
0.11
Acres
1,125
SQFT
$2,422
$/SQFT
1947
Built
Neighborhood:
WLA - West Los Angeles
County:
Los Angeles
Area:
WLA - West Los Angeles
Property 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.
Exterior Features

Architectural Style Mid-Century Modern Construction Materials Stucco Direction Faces North Entry Location Other Fencing Wood Parking Features Door-MultiGarage Parking Total 2 Patio And Porch Features None Pool Features None Pool Private YN No Roof Common Roof Sign On Property YN No Spa Features None Spa YN No View City Lights View YN Yes

Interior Features

Accessibility Features None Appliances DishwasherGas CooktopMicrowaveDryer Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features Decorative Fireplace YN Yes Flooring Wood Furnished Unfurnished

Property Features

Additional Parcels YN No Association YN No Garage YN Yes Lease Considered YN No Levels One Listing Agreement Seller Reserved Listing Service Full Service New Construction YN No Possession Close Of Escrow Property Sub Type Single Family Residence Senior Community YN No Sewer Sewer Tap Paid Special Listing Conditions Standard Water Source Public Zoning LAR1



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-24T00:35:17.22. 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 deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Keller Williams
5110 W. Cypress Ave.
Visalia CA, 93277
Listing Agent(s): Omar Evanns of Keller Williams Larchmont (323-762-2600)