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    950 N Kingsley Dr

    Los Angeles, CA 90029
    • $1,300,000
    • STATUS: Active
    • ON SITE: 69 days
    • MLS #: 21-716146
    UPDATED: 78 min ago
    $1,300,000
    • 8
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,450
      SQFT
    • $377
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:
    Area:

    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 the Combined LA/Westside Multiple Listing Service as of 2021-06-16T11:42:40.597. 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.
    www.deserthouseseekers.com/homes/115852769
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    950 N Kingsley Dr Los Angeles, CA 90029

    • Price: $1,300,000
    • Status: Active
    • Updated: 78 min ago
    • MLS #: 21-716146
    8
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,450
    SQFT
    $377
    $/SQFT
    1920
    Built
    Neighborhood:
    Hollywood
    County:
    Los Angeles
    Area:
    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

    Lot Size Area 7588 Other Structures Shed(S) Parking Garage Driveway - CombinationCarport Attached Total Parking 8

    Interior Features

    Baths Total 7.00 Cooling Wall Unit(S) Equipment None Heating Wall Gas

    Property Features

    Gross Income 0 Gross Operating Income 0 Like Units1 1 Like Units2 2 Like Units3 3 Net Operating Income 0.00 Number Of Buildings 2 Number Of Units 3 Sale Type Standard Source Living Area Owner Source Lot Size Area Vendor Enhanced Total Annual Expense 10000 Type Of Units 3 Year Built Source Owner Zoning Lar3

    Listing provided courtesy of Armen Nkruryan DRE#02007051 of Century 21 Hollywood.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-16T11:42:40.597. 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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    Zwemmer Realty Group | Keller Williams Realty
    75486 Augusta Drive
    Indian Wells CA, 92210