Sold

Closed

2215 Wellesley Avenue

Los Angeles CA, 90064

$2,500,000


$1,186.52 per sqft

Sold

Closed

3 Beds

3 Baths

2,107 sqft

Residential

Built in 1942

Listed by Dario Svidler with Keller Williams Beverly Hills 424-600-7633

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.

24416572

MLS ID

June 27, 2024

Listed

October 20, 2024

Updated

Map

2215 Wellesley Avenue
Los Angeles CA, 90064

Interior Features

Total Stories

1


Bedrooms

3


Total Bathrooms

3


Full Bathrooms

3


Laundry Description

See Remarks


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.22 Acres


Architectual Style

See Remarks

Other Property Details

Area Name

WLA - West Los Angeles


Days on Market

57


Garage

Yes


Parking

Attached Carport


Parking Total

2


View

Yes


County

Los Angeles


Pool

Yes


Pool Features

In Ground, Lap


Zoning

R3(EC) Tier 4

Listing History

Date

Event

Price

10/15/2024

Sold

$2,500,000

Listing Contact: 310-432-6400 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/20/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/20/2024 at 2:03 PM UTC

 

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