****NOTE!! TO BE SOLD TOGETHER WITH HOUSE NEXT DOOR [CONTIGUOUS LOT] AT 12222 EXPOSITION, TOTAL PRICE FOR BOTH, $5,400,000.00**** 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) Offering is two Contiguous Lots, 9416 Square Ft total. A recent feasibility study on the property shows a current POTENTIAL OF UP TO 96 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, see feasibility study in documents folder for full report*]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. *: 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.
24381625
Other, 1 Story
Los Angeles
1935
0.1081
Acres
1
Wood Siding
914
Sq. Ft.
Interior Features
- Heating
- . None.
Exterior / Lot Features
- Parking
- 1 Parking Spaces.
- Zoning
- LAR3TOC4
Financial Considerations
4259030007
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