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355 S Kingsley Drive

Los Angeles (City), CA 90020
  • $1,875,000
  • STATUS: Active Under Contract
  • ON SITE: 115 Days
  • ID#: SR21175261
Under Contract
UPDATED: 47 min ago
$1,875,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing provided courtesy of Anie Mayelian of Keller Williams Encino-Sherman Oaks

Description

We are proud to present for sale the soon to be Ready-to-Issue 19 Unit non rent controlled development project in Koreatown. Gross Proforma Income of $530,912. Conveniently located near the Wilshire/Western Metro Subway Station, surrounded by Koreatown, Silver Lake, Hollywood and Downtown. The beautifully designed 5-story construction project is over a 1 level of basement parking garage. The development consists of seventeen 2 bedroom & 2 bathroom units and two 3 bedrooms & 2 bathroom units. The building will have a rentable/living area of around 15,400 SF and the apartments will range from 728 SF to 1,110 SF. The building will have 22 parking spaces. Also the project will have 1 Extremely Low Income unit and 2 Very Low Income units. Currently no structures on the lot. Located on the corner of 4th and Kingsley.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-03T10:26:01.02. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Pam Spadafore & Associates | Coldwell Banker Residential Brokerage. Licensed in the State of California, USA.
www.coastalhomesoc.com/homes/120246063
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355 S Kingsley Drive Los Angeles (City), CA 90020

  • Price: $1,875,000
  • Status: Active Under Contract
  • On Site: 115 Days
  • Updated: 47 min ago
  • ID#: SR21175261
0
Beds
0
Baths
0
½ Baths
0.17
Acres
Neighborhood:
C17 - Mid-Wilshire
County:
Los Angeles
Area:
C17 - Mid-Wilshire
Property Description
We are proud to present for sale the soon to be Ready-to-Issue 19 Unit non rent controlled development project in Koreatown. Gross Proforma Income of $530,912. Conveniently located near the Wilshire/Western Metro Subway Station, surrounded by Koreatown, Silver Lake, Hollywood and Downtown. The beautifully designed 5-story construction project is over a 1 level of basement parking garage. The development consists of seventeen 2 bedroom & 2 bathroom units and two 3 bedrooms & 2 bathroom units. The building will have a rentable/living area of around 15,400 SF and the apartments will range from 728 SF to 1,110 SF. The building will have 22 parking spaces. Also the project will have 1 Extremely Low Income unit and 2 Very Low Income units. Currently no structures on the lot. Located on the corner of 4th and Kingsley.
Exterior Features

Lot Features 0-1 Unit/Acre View City Lights View YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Urban Contingency N/A Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan New Construction YN No Senior Community YN No Special Listing Conditions Standard Water Source Public Zoning Lar4-2



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-03T10:26:01.02. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Pam Spadafore & Associates | Coldwell Banker Residential Brokerage. Licensed in the State of California, USA.
 
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Pam Spadafore & Associates | Coldwell Banker Residential Brokerage
31582 Coast HWY
Laguna Beach CA, 92651
Listing provided courtesy of Anie Mayelian of Keller Williams Encino-Sherman Oaks