Listing provided courtesy of Omar Evanns of Keller Williams Larchmont. Last updated 2024-05-03 09:08:32.000000. Listing information © 2023 CRMLS.
Asking Price: $2,700,000
2200 Wellesley, Los Angeles CA 90064
Community: WLA - West Los Angeles
Status: Active
This property was built in 1935 and is priced at $2,700,000. Please see the additional details below.
****NOTE!! TO BE SOLD TOGETHER WITH HOUSE NEXT DOOR [CONTIGUOUS LOT] AT 12222 EXPOSITION, TOTAL PRICE FOR BOTH, $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) Offering is two Contiguous Lots, 9416 Square Ft total. 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. *: 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.