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FOR SALE
$1,299,999

1150 N Kingsley Drive
Los Angeles, CA 90029

Land
Land Lot
0.1812
Acre Lot
Listing Agent: Anie Mayelian - Keller Williams Realty Calabasas, 818-915-9118; anie@mayeliangroup.com
Home> California> Los Angeles> 90029
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!
SR24182318
Land Lot - Land, Other
Los Angeles
0.1812 Acres
Public
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

Walk Score

Transit Score

Bike Score

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Listing Agent: Anie Mayelian - Keller Williams Realty Calabasas, 818-915-9118; anie@mayeliangroup.com
Licensed in: DRE# 00778825
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Based on information from CRISNet MLS as of 10/15/2024. 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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