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    950 N Kingsley Drive

    Los Angeles (City), CA 90029
    • $1,300,000
    • STATUS: Active
    • ON SITE: 40 days
    • ID#: 21716146
    UPDATED: 32 min ago
    $1,300,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,450
      SQFT
    • $377
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:

    School Ratings & Info

    Description

    Hollywood Triplex investment opportunity with tremendous upside. Zoned for multi family development adjacent to Silverlake. The Property's Proximity To The Sunset Junction, Los Angeles City College And The Metro Station Provide Convenient Housing in Gentrifying Sub-Market . Property is zoned R3 that allows nine units by right, Developers can also take advantage of a Tier 2 TOC Bonus and receive a 60% unit count increase, 45% increase in FAR and height bonus of 1 story up to 11 feet (Buyer to verify) Each unit comes with washer/dryer hook up ideal for tenants. Two of the units are vacant and are ready to be brushed up for new tenants. Additional room attached to the main house without permits.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-18T00:36:17.987. 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 Zutila, Inc.. Licensed in the State of California, USA.
    www.myorangecountyhomesearcher.com/homes/115854510
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    950 N Kingsley Drive Los Angeles (City), CA 90029

    • Price: $1,300,000
    • Status: Active
    • Updated: 32 min ago
    • ID#: 21716146
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,450
    SQFT
    $377
    $/SQFT
    1920
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    Hollywood Triplex investment opportunity with tremendous upside. Zoned for multi family development adjacent to Silverlake. The Property's Proximity To The Sunset Junction, Los Angeles City College And The Metro Station Provide Convenient Housing in Gentrifying Sub-Market . Property is zoned R3 that allows nine units by right, Developers can also take advantage of a Tier 2 TOC Bonus and receive a 60% unit count increase, 45% increase in FAR and height bonus of 1 story up to 11 feet (Buyer to verify) Each unit comes with washer/dryer hook up ideal for tenants. Two of the units are vacant and are ready to be brushed up for new tenants. Additional room attached to the main house without permits.
    Exterior Features

    Carport YN Yes Other Structures Shed(S) Parking Features Attached CarportDriveway

    Property Features

    Additional Parcels YN No Disclosures Rent Control Gross Income 0 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 0 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lar3

    Listing provided courtesy of Armen Nkruryan of Century 21 Hollywood


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-18T00:36:17.987. 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 Zutila, Inc.. Licensed in the State of California, USA.
     
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