1054 N Kingsley Dr

    Los Angeles, CA 90029
    • $1,600,000
    • STATUS: Active
    • ON SITE: 177 days
    • MLS #: 19-520180
    UPDATED: 95 min ago
    $1,600,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:
    Area:

    School Ratings & Info

    Description

    HUGE PRICE REDUCTION FROM $2,000,000 TO $1,600,000!!! SVN is proud to present A MULTIFAMILY DEVELOPMENT OPPORTUNITY located in East Hollywood (90029), one of the most dynamic Los Angeles neighborhoods in which a developer is poised to take advantage of extremely high demand for residential rental units and the Tier 3 bonus development under the TOC guidelines (Buyer to confirm). In close proximity to nearby studios, entertainment entities/employers, bars, restaurants, and neighborhood amenities as well as 1.5+ million square feet of offices and production space in the area that Netflix is expecting to lease (or has leased), including 100,000 square feet of offices on a campus in development previously owned by the Musician's Union of Hollywood at 817 Vine St. Potential Development of up 23 Units (TOC Tier 3 - Buyer to verify). Current improvement is a 3,867 SF multifamily property that consists of 4 units that are occupied and is currently generating an annual gross income of $73,000.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-08T23:42:25.253. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.jelmbergteam.com/homes/99945506

    1054 N Kingsley Dr Los Angeles, CA 90029

    • Price: $1,600,000
    • Status: Active
    • Updated: 95 min ago
    • MLS #: 19-520180
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Hollywood
    County:
    Los Angeles
    Area:
    Hollywood
    Property Description
    HUGE PRICE REDUCTION FROM $2,000,000 TO $1,600,000!!! SVN is proud to present A MULTIFAMILY DEVELOPMENT OPPORTUNITY located in East Hollywood (90029), one of the most dynamic Los Angeles neighborhoods in which a developer is poised to take advantage of extremely high demand for residential rental units and the Tier 3 bonus development under the TOC guidelines (Buyer to confirm). In close proximity to nearby studios, entertainment entities/employers, bars, restaurants, and neighborhood amenities as well as 1.5+ million square feet of offices and production space in the area that Netflix is expecting to lease (or has leased), including 100,000 square feet of offices on a campus in development previously owned by the Musician's Union of Hollywood at 817 Vine St. Potential Development of up 23 Units (TOC Tier 3 - Buyer to verify). Current improvement is a 3,867 SF multifamily property that consists of 4 units that are occupied and is currently generating an annual gross income of $73,000.
    Exterior Features

    Lot Size Area 9164 View Description None View YN No

    Property Features

    Cable YN No Hoa Fee1 0.00 Sale Type Standard Source Lot Size Area Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Daniel Baird DRE#01249675 of Sperry Van Ness.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-08T23:42:25.253. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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