1150 North Kingsley Drive
1150 North Kingsley Drive
$1,350,000
7,895 / 0.18
Description
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 2 TOC designation, the potential possibilities for this property are endless! The property at 1156 N Kingsley (just 2 doors down) is currently being developed into a 49 unit affordable housing project...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 2 TOC designation, the potential possibilities for this property are endless! The property at 1156 N Kingsley (just 2 doors down) is currently being developed into a 49 unit affordable housing project utilizing ED-1 and a similar affordable housing project can be done 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!
- Listed by Anie Mayelian • DRE #00778825 • Brokerage DRE #01872625 • Keller Williams Realty Calabasas • 818-915-9118
- Listed by Aleen Mayelian • DRE #02198281 • Brokerage DRE #01872625 • Keller Williams Realty Calabasas
Property Details for 1150 North Kingsley Drive
View
None
Lot Size SourceAssessor
Assessor Parcel Number5537-015-008
New ConstructionNo
PoolNo
ViewNo
AssociationNo
Association Fee$.00
Location
LISTING UPDATED: 04/03/2024 07:37 AM
Property Details for 1150 North Kingsley Drive
Status | Active |
---|---|
MLS # | SR24045813 |
Days on Market | 74 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Lot/Land |
Year Built | - |
Lot Size | 0.18 AC |
County | Los Angeles County |
Location
Building Information for 1150 North Kingsley Drive
Lot Size0.18 AC
Payment Calculator
$7,735 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1150 North Kingsley Drive
Property History for 1150 North Kingsley Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1150 North Kingsley Drive
Taxable ValueLand$292,416Additions$1,613Total$294,029
Tax Record2023$4,406 ($367 / month)
Home Facts
Total Finished SqFt3,199 SqFtAbove Grade Finished SqFt3,199 SqFtLot Size7,895 SqFtStyleMulti-Family Res (5+ Units)ZoningLARD1.5CountyLOS ANGELESAPN5537-015-008
Schools near 1150 North Kingsley Drive
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Kingsley Elementary School PublicK to 5 | ||
Joseph Le Conte Middle School Public6 to 8 | ||
STEM Academy at Bernstein High Public9 to 12 | ||
Helen Bernstein High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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