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1054 N Kingsley Drive

Los Angeles (City), CA 90029
  • $1,700,000
  • STATUS: Active
  • ON SITE: 121 Days
  • ID#: 21785016
UPDATED: 31 min ago
$1,700,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Daniel Baird of Sperry Van Ness (310-979-0800)


Description

HUGE PRICE REDUCTION FROM $2,000,000 TO $1,700,000!!! 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 California Regional Multiple Listing Service, Inc. as of 2022-01-17T16:26:29.89. 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 Accardo Real Estate Associates | Compass. Licensed in the State of California, USA.
www.naylorproperties.com/homes/121540670
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1054 N Kingsley Drive Los Angeles (City), CA 90029

  • Price: $1,700,000
  • Status: Active
  • On Site: 121 Days
  • Updated: 31 min ago
  • ID#: 21785016
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - Hollywood
Property Description
HUGE PRICE REDUCTION FROM $2,000,000 TO $1,700,000!!! 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

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Property Features

Listing Agreement Exclusive Right To Sell Listing Service Full Service Senior Community YN No Special Listing Conditions Standard Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-17T16:26:29.89. 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 Accardo Real Estate Associates | Compass. Licensed in the State of California, USA.
 
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Accardo Real Estate Associates | Compass
1820 S. Elena Ave. Ste. H
Redondo Beach CA, 90064
Listing Agent(s): Daniel Baird of Sperry Van Ness (310-979-0800)