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 forwardor 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.
Property Details
Price:
$2,850,000
MLS #:
24416572
Status:
Active
Beds:
3
Baths:
3
Address:
2215 Wellesley Avenue
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
wlawestlosangeles
City:
Los Angeles
Listed Date:
Jun 27, 2024
State:
CA
Finished Sq Ft:
2,107
ZIP:
90064
Lot Size:
9,692 sqft / 0.22 acres (approx)
Year Built:
1942
Schools
Interior
Exterior
Parking Features
Attached Carport
Parking Spots
2.00
Pool Features
In Ground, Lap
Spa Features
None
Stories Total
1
Financial
Map
Community
- Address2215 Wellesley Avenue Los Angeles CA
- AreaWLA – West Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90064
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Courtesy of Keller Williams Beverly Hills. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Robert Barksdale include the name of the listing broker. Neither the listing company nor Robert Barksdale shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
2215 Wellesley Avenue
Los Angeles, CA
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