2215 Wellesley Avenue
Los Angeles, CA 90064
Closed for $2,500,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 9,751 sqft
| MLS | 24409213 |
| Year Built | |
| Property Type | |
| County | Los Angeles |
| Status | Closed |
| Closed | $2,500,000 |
| Structure Size | N/A sqft |
| Lot Size | 9,751 sqft |
| Beds | N/A |
| Baths |
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.
Listing information courtesy of: Dario Svidler, Keller Williams Beverly Hills 424-600-7633. *Based on information from the Association of REALTORS/Multiple Listing as of 11/10/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Michael Gaona
REALTOR®
Direct: 818.406.3036
Email: Email Me
DRE: 01942826
DRE #01873088
.png){kind=small}