2200 Wellesley Avenue, Los Angeles CA, 90064
(Active)
$2,700,000
|
2 beds, 1 Full baths, 914 sqft
|
MLS# 24381585
Last Updated: 4/30/2024 10:37 PM
Description for
2200 Wellesley Avenue
Los Angeles, CA 90064
***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. 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
2
1 Full
914 (approx)
24381585
Active
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. 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 | ||
| 2 | 1 Full | |
| 0.11 Acres | 914 (approx) | 1935 |
| 1 | Wood | |
Public
Sewer Tap Paid
Neighborhood
Room Information
| Bathrooms | |||
| 1 | |||
Total: 2
Interior Features
Double Oven,Dishwasher,Gas Cooktop,Disposal,Gas Oven,Dryer,Washer
Wood
Other,
Wall Furnace
No Common Walls
Main Level
None
Attic
Exterior / Lot Features
2 Parking Spaces,
0 Covered Parking Spaces,
Driveway Down Slope From Street
Wood
Other
None
City
43x110
LAR3TOC4
Wood
Driving Directions
10 Fwy, Exit Centinela, Take Centinela North/West to Exposition, turn east on Expo, take Expo to Wellesley, 2200 Wellesley is corner lot, on Expo/Wellesley.
Financial Considerations
| 4259030007 |
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| 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 | $6,809 USD | 4.87% | $543,268 USD | 2.00% |
| 2022 | $6,493 USD | 1.31% | $532,616 USD | 2.00% |
| 2021 | $6,409 USD | -0.97% | $522,173 USD | - |
| 2020 | $6,472 USD | 4.12% | $522,173 USD | 1.04% |
| 2019 | $6,216 USD | 1.07% | $516,820 USD | 2.00% |