2256 WELLESLEY Avenue, Los Angeles, CA 90064

$1,200,000
2
BD
1
BA
893
SqFt
Sold Price
$1,200,000
List Price
$1,199,000
Closing Date
Mar 26, 2019
Status
CLOSED
MLS#
19431288
Year Built
1940
Bedrooms
2
Bathrooms
1
Living Sq. Ft
893
Lot Size
6,250
Acres
0.1435
Days on Market
20
Property Type
Single Family Residential
Property Sub Type
Single Family Residence

Property Description

Lucrative development opportunity or ideal for an Owner/User to remodel; live in and add value! Set in prime West Los Angeles moments to Santa Monica, beach, bike-paths, restaurants, shopping and adjacent to the Los Angeles Metro Rail plus the forthcoming Google office campus, One Westside. Current zoning reflects R1-1, allowing for a single-family house plus an ADU but The Exposition Corridor Transit Neighborhood Plan, which was recently adopted by the City but not effective yet, does include a zone change to "R3 (EC)". The "RS (EC)" zones are similar to the citywide R3 zone, however the density is set at (1) unit per 1,200 Sq.Ft. of lot area. The final Specific Plan is being prepared by the City and is expected to be available soon. When this new zoning is fully implemented, the value of 2256 Wellesley Ave. will increase exponentially. Prospective Buyers to conduct their own due diligence/investigations, Sellers/Brokers/Agents make no endorsement/guarantee of this information.

Additional Information

Appliances
Disposal, Refrigerator
Fireplace Description
None
Cooling Description
None
View
None
Attached Structure
Detached

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of David Kelmenson from Compass

Listing sold by Eric Akutagawa from Compass

Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.