$2,500,000
$2,850,000
12.3%For more information regarding the value of a property, please contact us for a free consultation.
2215 Wellesley AVE Los Angeles, CA 90064
9,753 Sqft Lot
Key Details
Sold Price $2,500,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 24409213
Sold Date 10/11/24
HOA Y/N No
Lot Size 9,753 Sqft
Acres 0.2239
Lot Dimensions Assessor
Property Description
We are proud to present for sale a development opportunity for 78+/- Units by ED-1 or 18+/- Units by TOC/DB. The SFR on site currently has a Market-Rate Tenant so land bank it until ready to move forward...or until the City releases the new Zoning Code! With 9,752 SF of R3(EC - Exposition Corridor) Tier 4 land sitting on an alley, and a stone's throw to the Expo / Bundy Station of the Metro E / Expo Line, the development potential is very promising for Market Rate, Affordable Units, or a mix of both! This zip code is Tier 2 of SAFMR. No RSO! No need to Ellis! This Biker's Paradise (per Walk Score) is just off the Expo Line Bike Path; head to the beach, hop on the Expo Line and head to Downtown LA, or transfer to any connecting line and travel traffic-free throughout the region! Just one-tenth of a mile to the Expo Line Station, being walking distance to very high-paying jobs, being at the border of Santa Monica but with Los Angeles Zoning, this property has a strong future! And the high-barrier to entry won't see much competition while the market-rent tenant covers many of the expenses. No RSO. No need to Ellis.
Location
State CA
County Los Angeles
Area Wla - West Los Angeles
Zoning R3(EC) Tier 4
Interior
Fireplace No
Exterior
View Y/N Yes
Building
New Construction No
Others
Senior Community No
Tax ID 4259027030
Special Listing Condition Standard
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Bought with Dario Svidler • Keller Williams Beverly Hills
The Wilkas Group - Lenore & Alexander Wilkas
Real Estate Advisors | License ID: 01343201 & 01355442