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4007 Exposition Boulevard, Los Angeles, CA 90016
$1,050,000
4007 Exposition Boulevard, Los Angeles, CA 90016View this property at 4007 Exposition Boulevard, Los Angeles, CA 90016
4007 Exposition BoulevardLos AngelesCA90016
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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, 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 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.
Full Property Details
Full Property Details for 4007 Exposition Blvd
General
- Sold For: $1,050,000
- Status: Closed
- Type: Single Family
- MLS ID: SB22215579
- Added to Site: 580 day(s) ago
Interior
- Rooms/Areas: All Bedrooms Down
- Fireplace(s): None
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Laundry: Washer Hookup
Additional Information
- Pool Description: None
Parking
- Garage: Yes
- Garage Spaces: 1
- Parking: Driveway, Garage
Location
- County: Los Angeles
- Driving Directions: Crenshaw, west on Exposition
School Information
- School District: Los Angeles Unified
Community
- Community Features: Biking, Curbs, Gutters, Sidewalks
Heating & Cooling
- Cooling Type: None
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Structure Type: Single Family Residence
- Common Walls: No Common Walls
- Stories/Levels: One
- Stories Description: One
- Square Feet: 952
- Sq. Ft. Source: Assessor
- Year Built: 1926
- Year Built Source: Public Records
Lot Features
- Property View: Neighborhood
- Lot Size (Acres): 0.1243
- Lot Size Source: Assessor
- Zoning: LAR3
- Lot Description: 0-1 Unit/Acre, Back Yard, Near Public Transit, Value In Land
Financial Considerations
- Price Per Sq. Ft.: $1,102.94
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Special Conditions: Standard
Listed and Sold by Compass, Alex Wolf and Compass, Tyler Wolf
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Schools
Schools serving 4007 Exposition Blvd
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
2925 Virginia Rd, Los Angeles, CA 90016 | K-5 | 0.3 mi | |
4066 W Johnnie Cochran Vista, Los Angeles, CA 90019 | 6-8 | 1.5 mi | |
3537 Farmdale Ave, Los Angeles, CA 90016 | 9-12 | 0.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4007 Exposition Blvd
Date
Details
Price
Change
Source
12/13/2023
Sold
$1,050,000
-12.5%
MLS
10/07/2022
Listed
$1,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4007 Exposition Boulevard, Los Angeles, CA 90016 (MLS# SB22215579) is a Single Family property that was sold at $1,050,000 on December 13, 2023. Want to learn more about 4007 Exposition Boulevard? Do you have questions about finding other Single Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.