4011 West Exposition Boulevard

4011 West Exposition Boulevard

Los Angeles, CA 90016

$1,200,000
Price
5,384 / 0.12
Lot Size / Acres

Listed By Compass

Active Under Contract

Listed By Compass

Active Under Contract

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Description

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...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.

Listing Agent

  1. Alex Wolf

    Alex Wolf

    Listing Agent

    Compass

    DRE #01788977

    alex.wolf@compass.com

    P: 310.499.6823

    CallTextEmail

Property Details for 4011 West Exposition Boulevard

View
Neighborhood
Lot Size Source
Assessor
Assessor Parcel Number
5046-005-030
New Construction
No
Pool
No
View
Yes
Association
No
Association Fee
$.00

Location

Listing Courtesy of Compass, Alex Wolf, DRE #01788977
Add your commute
LISTING UPDATED: 04/20/2023 08:16 AM

Property Details for 4011 West Exposition Boulevard

StatusActive Under Contract
MLS #SB22220846
Days on Market184
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLot/Land
Year Built-
Lot Size0.12 AC
CountyLos Angeles County

Location

Listing Courtesy of Compass, Alex Wolf, DRE #01788977
Add your commute

Building Information for 4011 West Exposition Boulevard

Lot Size0.12 AC

Payment Calculator

$7,033 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,549

Property Taxes

$484

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4011 West Exposition Boulevard

Income / Expense / Tax Details
Tax / Assessment Info
  • Tax Tract Number: 7823
  • Tax Census Tract: 2200.00
  • CFD/Mello-Roos Fee: $294
  • Tax Lot: 138
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Distance To
  • Distance To Water: 0
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: 0-1 Unit/Acre
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Water Source: Public
Parking Info
  • Carport Spaces: 0

Property History for 4011 West Exposition Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4011 West Exposition Boulevard

Taxable ValueLand$383,244Additions$95,809Total$479,053
Tax Record2022$5,812 ($484 / month)
Home Facts
Beds3Total Finished SqFt1,400 SqFtAbove Grade Finished SqFt1,400 SqFtStories1Lot Size5,384 SqFtStyleSingle Family ResidenceYear Built1926ZoningLAR3CountyLOS ANGELESAPN5046-005-030

Schools near 4011 West Exposition Boulevard

This home is within Los Angeles Unified School District.
RatingSchoolTypeGradesDistance
Virginia Road Elementary School
Public - K to 5
Johnnie Cochran, Jr., Middle School
Public - 6 to 8
Susan Miller Dorsey Senior High School
Public - 9 to 12
View Park Continuation School
Public - 9 to 12
RatingSchoolDistance
Virginia Road Elementary School
PublicK to 5

Johnnie Cochran, Jr., Middle School
Public6 to 8

Susan Miller Dorsey Senior High School
Public9 to 12

View Park Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Alex Wolf, DRE #01788977

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.