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4011 Exposition Boulevard
Los Angeles, CA 90016
Sold
4011 Exposition Boulevard
Los Angeles, CA 90016
Sold
RARE OVERSIZED DOUBLE-LOT DEVELOPMENT OPPORTUNITY! Property being sold with neighboring property (4007 W. Exposition Blvd., APN 5046-005-0329) for a total of $2.4M // 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 October 2022) 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, Mel’s, 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 4011 Exposition is an owner occupied 1,400 sf, 3 bedroom, 2 bathroom single family cottage-style home with original charm. 4007 Exposition is a 2 bedroom, 1 bathroom, 952sf home. 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.
PROPERTY INFORMATION
| MLS # | SB22220846 | Lot Size | 5,384 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,200,000
Price Per SqFt: $ 223 |
DOM | 934 Days |
| Address | 4011 Exposition Boulevard | Type | Land |
| City | Los Angeles | Sq.Ft. | 5,384 Sq. Ft. |
| Postal Code | 90016 | Garage | N/A |
| County | Los Angeles | Year Built | |
| Bed / Bath | 0 / 0 | Parking | N/A |
| Built In | Status | Closed | |
| Sold Date | 2023-12-13 |
INTERIOR FEATURES
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,280
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 12/12/2023 | Pending | $1,200,000 |
| 03/01/2023 | Active Under Contract | $1,200,000 |
| 10/12/2022 | Listed | $1,200,000 |
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Listing provided courtesy of Alex Wolf, Compass. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
