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12222 Exposition Blvd, Los Angeles, CA 90064

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For Sale

$2,725,000

3 beds • 1 baths • 1,125 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • $2,422.22
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

***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, 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 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.
MLS# 24-381593

Courtesy Of Keller Williams Larchmont

(323) 762-2600

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Cooktop - Gas, Microwave
  • Architecture Style
    Other
  • Exterior Type
    Stucco
  • Floor Covering
    Hardwood
  • Heating Fuel
    Electric
  • Lot Size
    0.11 Acres
  • Roof Type
    Unknown
  • Rooms
    Bedroom, Breakfast Room, Full Bath
  • View Type
    City

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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