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4007 Exposition Boulevard

Los Angeles (City), CA 90016
  • $1,200,000
  • STATUS: Active
  • ON SITE: 118 Days
  • MLS #: SB22215579
UPDATED: 33 min ago
$1,200,000
  • 2
    BEDS
  • 0.12
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 952
    SQFT
  • $1,261
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1926
County:

School Ratings & Info

School District:
Listing Agent(s): Alex Wolf of Compass (310-362-0596) and Tyler Wolf of Compass(310-362-0596)


Description

BACK ON THE MARKET! // FOR SALE WITH OR WITHOUT NEIGHBORING PROPERTY AT 4011 EXPOSITION (APN 5046-005-030). RARE OVERSIZED DOUBLE-LOT DEVELOPMENT OPPORTUNITY! // On the border of red-hot West Adams, these two adjacent lots totaling over 10,870 square feet offer a unique opportunity with MASSIVE upside. Primed for development, these lots are zoned LAR3 and are designated Tier-3 under the Transit Oriented Communities (TOC) Incentive Program. They are located within a State Enterprise Zone and a Qualified Opportunity Zone, and qualify for new Assembly Bill 2097 (signed into law last month) making it illegal for the city to require parking based on proximity to major transit stops. Both properties are owner-occupied, so there are no existing rent-stabilized units that would need to be replaced upon redevelopment. This is an incredible opportunity in an incredible location, and it is rare to find adjacent lots available for larger development footprints. // A short six-minute walk from the Expo/Crenshaw Line Station for trains to Santa Monica, Culver City or downtown LA, and the new train line (opening 10/7/22) to Inglewood, SoFi Stadium, and LAX. Centrally located, with easy access to the 10 FWY, and situated between downtown LA, Santa Monica, Hollywood, Inglewood, LAX, Playa Vista, and Culver City, West Adams is exploding with new developments. With the opening of the Crenshaw rail line, a new urban crossroads has been created, central to everywhere on the West Side of LA. This property is walking distance to Party Beer, Highly Likely, Mels, and HomeState in one of the hippest neighborhoods in the city. This pleasant neighborhood has a cool summer micro-climate with sea breezes that flow between Cheviot Hills and Baldwin Hills. Current use for 4007 Exposition is a 2 bedroom, 1 bathroom, 952sf home with a detached garage. 4011 Exposition Blvd is a 3 bedroom, 2 bathroom 1,400 sf home with a detached garage. Both homes are owner-occupied; there are no existing rent-stabilized units that would need to be replaced and both homes will be delivered vacant. Results of borings down to the sub-soil available upon request. Combined lot dimensions approximately 84 x 130. All information deemed reliable but not guaranteed. Buyer to verify all information and zoning.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-02-03T18:35:31.213. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/133779144
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4007 Exposition Boulevard Los Angeles (City), CA 90016

  • Price: $1,200,000
  • Status: Active
  • On Site: 118 Days
  • Updated: 33 min ago
  • MLS #: SB22215579
2
Beds
1
Baths
0
½ Baths
0.12
Acres
952
SQFT
$1,261
$/SQFT
1926
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
School District:
Los Angeles Unified
Property Description
BACK ON THE MARKET! // FOR SALE WITH OR WITHOUT NEIGHBORING PROPERTY AT 4011 EXPOSITION (APN 5046-005-030). RARE OVERSIZED DOUBLE-LOT DEVELOPMENT OPPORTUNITY! // On the border of red-hot West Adams, these two adjacent lots totaling over 10,870 square feet offer a unique opportunity with MASSIVE upside. Primed for development, these lots are zoned LAR3 and are designated Tier-3 under the Transit Oriented Communities (TOC) Incentive Program. They are located within a State Enterprise Zone and a Qualified Opportunity Zone, and qualify for new Assembly Bill 2097 (signed into law last month) making it illegal for the city to require parking based on proximity to major transit stops. Both properties are owner-occupied, so there are no existing rent-stabilized units that would need to be replaced upon redevelopment. This is an incredible opportunity in an incredible location, and it is rare to find adjacent lots available for larger development footprints. // A short six-minute walk from the Expo/Crenshaw Line Station for trains to Santa Monica, Culver City or downtown LA, and the new train line (opening 10/7/22) to Inglewood, SoFi Stadium, and LAX. Centrally located, with easy access to the 10 FWY, and situated between downtown LA, Santa Monica, Hollywood, Inglewood, LAX, Playa Vista, and Culver City, West Adams is exploding with new developments. With the opening of the Crenshaw rail line, a new urban crossroads has been created, central to everywhere on the West Side of LA. This property is walking distance to Party Beer, Highly Likely, Mels, and HomeState in one of the hippest neighborhoods in the city. This pleasant neighborhood has a cool summer micro-climate with sea breezes that flow between Cheviot Hills and Baldwin Hills. Current use for 4007 Exposition is a 2 bedroom, 1 bathroom, 952sf home with a detached garage. 4011 Exposition Blvd is a 3 bedroom, 2 bathroom 1,400 sf home with a detached garage. Both homes are owner-occupied; there are no existing rent-stabilized units that would need to be replaced and both homes will be delivered vacant. Results of borings down to the sub-soil available upon request. Combined lot dimensions approximately 84 x 130. All information deemed reliable but not guaranteed. Buyer to verify all information and zoning.
Exterior Features

Attached Garage YN No Lot Features 0-1 Unit/AcreBack YardNear Public TransitValue In Land Parking Features DrivewayGarage Parking Total 1 Pool Features None Pool Private YN No Property Attached YN No Sign On Property YN Yes View Neighborhood View YN Yes

Interior Features

Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Interior Features All Bedrooms Down Main Level Bathrooms 1 Main Level Bedrooms 2

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features BikingCurbsGutter(S)Sidewalks Contingency Contingent On Concurrent Close Of 4011 Exposition90016 Garage YN Yes Land Lease YN No Laundry Features Washer Hookup Lease Considered YN No Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional New Construction YN No Property Sub Type Single Family Residence Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Structure Type House Water Source Public Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-02-03T18:35:31.213. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Alex Wolf of Compass (310-362-0596) and Tyler Wolf of Compass(310-362-0596)