Omar Evanns
This listing was posted on RealtyWW.
$2,700,000
Home For Sale In Los Angeles, California
Price:
$2,700,000
BR/BA:
2 BR, 1 BA
Location:
2200 Wellesley Ave, Los Angeles, CA
Description:
NOTE!!! PROPERTY TO BE SOLD TOGETHER WITH HOUSE NEXT DOOR, 12222 EXPOSITION, PROPERTIES TO BE SOLD TOGETHER FOR $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). 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, 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. Keller Williams, its agents, brokers, Richard Evanns, Bigtown Real Estate, and as well as Sellers ( Sellers Side Parties ), make no warranties as to correctness or completeness of such information. Sellers Side Parties have no independent knowledge of the property zoning nor have they inspected foundational documents / information in order to make any ascertainments re same. Buyer's to do own due diligence.For more details: https://realtyww.info/homes_los-angeles-d523223/for-sale_i70869878
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More About this Listing: Home For Sale In Los Angeles, California
Home For Sale In Los Angeles, California is a Two Bedroom One Bath Single-Family Homes for Sale at 2200 Wellesley Ave in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 2200 Wellesley Ave by searching Oodle Classifieds for Two Bedroom One Bath Single-Family Homes for Sale in Los Angeles CA.
Home For Sale In Los Angeles, California is a Two Bedroom One Bath Single-Family Homes for Sale at 2200 Wellesley Ave in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 2200 Wellesley Ave by searching Oodle Classifieds for Two Bedroom One Bath Single-Family Homes for Sale in Los Angeles CA.