Residential Land for Sale in Los Angeles, California
2215 Wellesley Ave Los Angeles, CA 90064
![0.223 Acres of Residential Land for Sale in Los Angeles, California](https://cdn.landsearch.com/listings/4BCJ9/large/los-angeles-ca-123117874.jpg)
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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.
Directions
Just off the Exposition / E Metro Lightrail Line. North of the 10, West of the 405. Just outside of Santa Monica.
Property details
- County
- Los Angeles County
- Zoning
- R3(EC) Tier 4
- Elevation
- 151 feet
- MLS Number
- CLAW 24-409213
- Date Posted
Parcels
- 4259-027-030
Detailed attributes
Listing
- Type
- Lots And Land
- Franchise
- Keller Williams Realty
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
June 28, 2024 | New listing | $2,850,000 | — | CLAW |