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12222 Exposition Blvd, Los Angeles, CA 90064
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12222 Exposition Blvd Los Angeles, CA 90064

$2,700,000
  • -- Beds
  • -- Baths
  • 1,125 Sq.Ft.
For Sale
$2,700,000 Get Pre-Qualified
Map preview of 12222 Exposition Blvd, Los Angeles, CA 90064

Property Overview: 12222 Exposition Blvd Los Angeles, CA has -- bedrooms, -- bathrooms, 1,125 living square feet and 4,707 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: *****NOTE!! PROPERTY TO BE SOLD TOGETHER WITH 2200 WELLESEY (NEXT DOOR), 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) 2200 Wellesely and 12222 Exposition are 2 contiguous lots, which both benefit from the highly coveted LAR3 TOC Tier 4 Zoning. 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. Property can be delivered vacant. *: 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. Buyer's to do own due diligence.

Listed by Omar Evanns | BRE #02181182 | Keller Williams Larchmont
Last checked: 3 minutes ago | Last updated: April 19th, 2024 | Source CRMLS | DOM: 13
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Home details

Lot Sq. Ft
4,707
HOA Dues
$0/mo
Year built
1947
Garage
--
Property Type:
Other
Status
Active
MLS#
24381629
City
Los Angeles
County
Los Angeles
Time on Site
15 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 12222 Exposition Blvd

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Property Details for 12222 Exposition Blvd

Exterior Features
Exterior Information
  • Roof: Common Roof
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
Property Information
  • Parcel Number: 4259030006
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Expo and Wellesley
View more facts & features

Local Los Angeles Agent

Sale History for 12222 Exposition Blvd

Last sold for $1,185,000 on September 17th, 2018

  • April, 2024

  • Apr 17, 2024

    Date

    Active

    CRMLS: 24381629

    $2,700,000

    Price

  • January, 2023

  • Jan 2, 2023

    Date

    Expired

    CRMLS: 22183207

    $2,950,000

    Price

  • Jul 26, 2022

    Date

    Active

    CRMLS: 22183207

    $5,900,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present 12222 Exposition Blvd and 2200 Wellesley Ave (must be purchased together), a high-profile development opportunity located just steps from the metro line in West LA. These side-by-side lots, each with a single-family home currently on the lot, have rectangular dimensions of 42.8 feet by 110 feet, adding up to a combined 9,416 SF of land (0.22 acres). Furthermore, this double lot is ideally located on a corner with frontage on 3 sides and an alleyway behind. The site is zoned R3 and Tier 4 TOC allowing a developer many options when designing the project. By right, the zoning allows for 12 units with a 45-foot height limit and a building envelope of 19,905. Since it is steps away from the Bundy & Exposition metro stop, this project benefits for Tier 4 location and reaps the best benefits of the program. With the TOC Tier 4 density bonus, a developer can build 24 units, go as high as 7 floors or 78 feet, and most importantly can build with zero parking requirement. The only requirement to receive this bonus is to designate 11% of the units (3 units) for low-income / affordable housing, allowing the developer to have 21 market rate units. Furthermore, a developer could strategically design their building to have future ADU conversions, mathematically bringing the maximum unit count to 30 units, with an approximate 35,000 square foot total building envelope. The property is centrally located in one of the best pockets of Los Angeles. Two blocks to the west is Santa Monica, to the north is West LA, Sawtelle, Westwood and Brentwood, to the east is Ranch Park, Palms and Culver City, and to the south is Venice, Mar Vista and Marina Del Rey. Being able to connect to the Expo Line at the Bundy & Exposition metro station, that runs from the Santa Monica Beach to USC, allows future residents convenient and quick access to the beach and downtown without the need of a car. It also allows residents to connect to other Metro lines which will get you to every pocket of Los Angeles. Within a 5-block radius a tenant can access plenty of employment options, where there are (19) large 100,000-SqFt office buildings and business parks that are home to many companies.

  • June, 2020

  • Jun 18, 2020

    Date

    Canceled

    CRMLS: 20592362

    $5,000

    Price

  • Jun 17, 2020

    Date

    Price Change

    CRMLS: 20592362

    $5,000

    Price

  • Jun 17, 2020

    Date

    Active

    CRMLS: 20592362

    $4,945

    Price

  • Listing provided courtesy of CRMLS

    Furnished, all utilities included, lovely three bedroom one bath home in a perfect West Los Angeles location. The home is warm and inviting, with rich hardwood floors, spacious rooms and really great outdoor space. The home is furnished with two queen sized beds and the third room is set up as an office but also suitable for an extra bedroom. The garden is well tended with a nice gated front yard and a large relaxing backyard. The home is close to major entertainment and media centers, UCLA, Santa Monica City College, close the Expo Line train that runs from the beach to downtown LA. Right nearby is a wonderful new landscaped bike path as well. There is a detached garage with one parking space as well as street permits provided for ample 24 hour street parking. All utilities, internet, cable tv, water, gas, electric, trash, are included.

  • September, 2018

  • Sep 18, 2018

    Date

    Sold

    CRMLS: 18371046

    $1,185,000

    Price

  • Aug 21, 2018

    Date

    Active Under Contract

    CRMLS: 18371046

    $1,150,000

    Price

  • Aug 2, 2018

    Date

    Active

    CRMLS: 18371046

    $1,150,000

    Price

  • Listing provided courtesy of CRMLS

    Conveniently located near the Expo/Bundy rail station and a variety of Westside services, this 3 bedroom, 1 bath home is ideal for homeowners and investors alike. The home is charming and features hardwood floors, a comfortable living room with fireplace, a bright dining area, and a kitchen with adjacent laundry area. The flat grassy yard is tranquil, and there is alley access to a two-car detached garage. Given the proximity to the transit station, this property presents a unique opportunity as the area is poised for future development.

  • September, 2018

  • Sep 17, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,185,000

    Price

  • May, 2018

  • May 15, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 12222 Exposition Blvd

Assessed Value (2020): $1,208,700
Year Land Value Improved Value Assessed Value
2020 $966,960 $241,740 $1,208,700

Home Value Compared to the Market

This property vs the competition

12222 Exposition Blvd is listed 120.41% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $2400 per/sqft which puts the price per square foot 210.08% higher than the median price per square foot for the city of Los Angeles.

About 12222 Exposition Blvd

Detailed summary of property

12222 Exposition Blvd is a other located in Los Angeles, CA 90064 and is currently for sale. This property offers -- bedrooms, -- bathrooms, roughly 1,125 living square feet, and sits on an approximately 4,707 square foot lot. 12222 Exposition Blvd was first listed on ArdentRealEstateGroup.com on April 18, 2024. The homeowner is currently asking $2,700,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 120.41% higher than the median priced home. Local competing homes currently for sale include 5531 Santa Monica Blvd, 4401 Beverly Blvd and 198 S Commonwealth Ave. While the average home in Los Angeles, CA is selling in 96 days, 12222 Exposition Blvd has a days on market of 13 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 12222 Exposition Blvd Los Angeles, CA 90064 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 12222 Exposition Blvd

Public county record property details
Beds
3
Baths
1
Year built
1947
Sq. Ft.
1,125
Lot Size
4,706
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
4259-030-006

The source for these homes facts are from public records.

90064 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,800,000
Median List Price/Sq.Ft.
$979
Median Sold Price
$1,015,000
Median Sold Price/Sq.Ft.
$639
Total Inventory
63
Median Sale to List Price %
96.76%
Avg Days on Market
34
Loan Type
Conventional (16.67%), FHA (0%), VA (0%), Cash (25%), Other (16.67%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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