$2,725,000 Price Analysis   ♡   Los Angeles, CA 90064 3 bed 1 bath 1,125 SqFt ($2422/SqFt) 4,707SqFt lot. Built 1947 Listed 2024-04-18, Taxes $14,794 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
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, restaurant s, 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 Tir 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.
Presented by Omar Evanns at
Keller Williams Larchmont.
Property MLS #24-381593 from TheMLSCLAW
Bedroom 1 Features: All Bedrooms Down
Full Bathrooms: 1
Microwave
Laundry Facilities: Laundry Area, In Unit
Laundry Features: Laundry Area, In Unit
Heating Features: Wall Electric
Number of Fireplaces: 1
Flooring: Hardwood
Lot Size Dimensions: 43x110
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 4707
Garage Description: Garage - 2 Car
Parking Total: 2
Other Equipment: Dishwasher, Dryer
Calculated Total Monthly Association Fees: 0
County: Los Angeles
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)
Source Property Type: Residential
Area: West L.A.
Source Neighborhood: West L.A.
Parcel Number: 4259-030-006
Postal Code Plus 4: 1012
Zoning: LAR1
Property Subtype: Single Family Residence
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $249,128 + $996,516 $1,245,644 | $14,794 |
| 2021 | $244,244 + $976,977 $1,221,221 | $14,613 |
| 2020 | $241,740 + $966,960 $1,208,700 | $14,764 |
| 2019 | $237,000 + $948,000 $1,185,000 | $14,171 |
| 2018 | $26,903 + $39,833 $66,736 | $1,011 |
| 2017 | $26,376 + $39,052 $65,428 | $992 |
| 2016 | $25,859 + $38,287 $64,146 | $957 |
| 2015 | $25,471 + $37,712 $63,183 | $871 |
| 2014 | $24,973 + $36,974 $61,947 | $886 |
| 2013 | $24,861 + $36,807 $61,668 | $880 |
| 2012 | $24,374 + $36,086 $60,460 | $891 |
| 2010 | $23,897 + $35,379 $59,276 | $886 |
| 2009 | $23,776 + $35,199 $58,975 | $849 |
| 2009 | $23,719 + $35,115 $58,834 | $849 |
| 2008 | $23,310 + $34,509 $57,819 | $817 |
| 2007 | $22,853 + $33,833 $56,686 | $788 |
$2,725,000
TheMLSCLAW
Listed 2024-04-18
$2,700,000
TheMLSCLAW
Listing removed 2022-11-30
$0
TheMLSCLAW
Price Changed 2022-08-29
$2,950,000
TheMLSCLAW
Listed 2022-07-26
$5,900,000
TheMLSCLAW
Listing removed 2020-06-19
$0
TheMLSCLAW
Listed for rent 2020-06-18
$5,000
TheMLSCLAW
Listing removed 2018-09-18
$1,150,000
TheMLSCLAW
Sold 2018-09-17
$1,185,000
TheMLSCLAW
Listed 2018-08-02
$1,150,000
TheMLSCLAW
Listing removed 2014-05-09
$3,000
WestsideRentals
Listed for rent 2014-04-28
$3,000
WestsideRentals
Year Built: 1947
Building Exterior Type: Stucco
Common Walls: Detached/No Common Walls
Direction Faces: North
Levels: One Level
Living Area Source: Vendor Enhanced
Property Age: 77
Roof: Common Roof
Levels or Stories: 1
Building Total Stories: 1
Structure Type: Detached
House Style: Mid-Century
Year Built Source: Vendor Enhanced
Architectural Style: Mid-Century
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.