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Listed by Anie Mayelian • Equity Union
$1,875,000
Est. payment /mo
7,369 Sqft Lot
Pending
355 S Kingsley DR Los Angeles, CA 90020
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Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CNSR21175261
Lot Size 7,369 Sqft
Property Sub-Type Other Residential Land
Source CRISNet
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.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning D0,LW
Exterior
View City Lights
Building
Water District - Public
Others
Tax ID 5503007001
Special Listing Condition Not Applicable
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