CA > Los Angeles
Los Angeles, CA 90029,1150 N Kingsley DR
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Los Angeles, CA 90029,1150 N Kingsley DR
Los Angeles, CA 90029,1150 N Kingsley DR
Los Angeles, CA 90029,1150 N Kingsley DR
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Rick Lee

Rick Lee

+1(714) 943-1598
$ 1,299,999
Est. payment /mo
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Pending

1150 N Kingsley DR Los Angeles, CA 90029

7,893 Sqft Lot

UPDATED:

12/05/2024 02:16 AM

Key Details

Property Type Vacant Land

Listing Status Pending

Purchase Type For Sale

MLS Listing ID SR24182318

HOA Y/N No

Lot Size 7,893 Sqft

Property Description

We are pleased to present an excellent development opportunity near Santa Monica Blvd and Normandie Ave in East Hollywood! The existing structure on the lot consists of a fixer 6 unit building of which 4 UNITS WILL BE DELIVERED VACANT! Boasting a lot size of +/- 7,895 sq. ft., zoning of LARD1.5, and Tier 3 TOC designation, the potential possibilities for this property are endless! Buyer may be able to do affordable housing (ED-1) project on this lot! Buyer to investigate. The buyer can also reap tax benefits as the property is in an Opportunity Zone! There are 4 detached garages in the back lot, which can also be converted to one or more ADUs to generate additional rental income. Given the building's central location in the bustling rental Hollywood rental market and close to Virgil Village, Melrose Hill, and the numerous establishments across Santa Monica Blvd., this is a value-add investment not to be missed!

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LARD1.5

Interior

Fireplace No

Exterior

Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks

View Y/N No

View None

Building

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5537015008

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Anie Mayelian • Keller Williams Realty Calabasas • 818-915-9118

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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