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.
Listing courtesy of David Kelmenson 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.