12222 Exposition Boulevard, Los Angeles CA, 90064
(Active)
$2,700,000
|
3 beds, 1 Full baths, 1,125 sqft
|
MLS# 24381593
Last Updated: 5/1/2024 5:40 PM
Description for
12222 Exposition Boulevard
Los Angeles, CA 90064
***NOTE**** MUST BE SOLD TOGETHER WITH 2200 WELLESLEY(HOUSE NEXT DOOR), BOTH for total of $5.4Million. 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. 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.
Price
$2,700,000
Los Angeles
3
1 Full
1,125 (approx)
24381593
Active
Description
***NOTE**** MUST BE SOLD TOGETHER WITH 2200 WELLESLEY(HOUSE NEXT DOOR), BOTH for total of $5.4Million. 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. 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.
Listing Information
| Property Type: Single Family, 1 Story | ||
| 3 | 1 Full | |
| 0.11 Acres | 1,125 (approx) | 1947 |
| Yes-2 spaces | 1 | Stucco |
Public
Sewer Tap Paid
Neighborhood
Room Information
| Bathrooms | |||
| 1 | |||
Total: 3
Interior Features
Dishwasher,Gas Cooktop,Microwave,Dryer
Wood
None
No Common Walls
Other
Decorative
Exterior / Lot Features
2 Garage Spaces,
2 Parking Spaces,
0 Covered Parking Spaces,
Door-Multi,Garage
Stucco
None
Other
None
None
City
43x110
LAR1
Wood
Driving Directions
10 Fwy, Exit Centinela, Take Centinela North/West to Exposition, turn east on Expo, take Expo to 12222 Exposition (second house from corner of Expo and Wellesley)
Financial Considerations
| 4259030006 |
Listing Price History
Los Angeles Real Estate
Los Angeles is located in California. Los Angeles, California 90064 has a population of 3,956,168.
The median household income in Los Angeles, California 90064 is $114,241. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Los Angeles 90064 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 4/18/2024 | Active | $2,700,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $15,522 USD | 4.91% | $1,270,556 USD | 2.00% |
| 2022 | $14,795 USD | 1.25% | $1,245,644 USD | 2.00% |
| 2021 | $14,613 USD | -1.02% | $1,221,221 USD | - |
| 2020 | $14,764 USD | 4.18% | $1,221,221 USD | 1.04% |
| 2019 | $14,171 USD | 1,301.68% | $1,208,700 USD | 2.00% |