2215 Wellesley Ave, Los Angeles, CA 90064

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.