Listing provided courtesy of EDMOND WU of LANDMARK LENDING REALTY. Last updated 2024-11-26 09:11:19.000000. Listing information © 2024 Sandicor.
Asking Price: $1,375,000
942 Kingsley, Los Angeles CA 90029
Community: C20 - Hollywood
This Quadruplex property was built in 1940 and is priced at $1,375,000. Please see the additional details below.
This is a great opportunity to develop on a large lot in East Hollywood on a quiet street. Owner occupied and will be delivered vacant. Do not distrub. The lot is near Melrose Hills, Los Feliz, Silver Lake, Larchmont Village, and Koreatown. Nearby spots such as the Hollywood Walk of Fame, the Observatory, Pantages Theatre, and many great restaurants. Less than a mile away from Vermont/Santa Monica Metro station.
Many options are possible on this 9,035 sq. ft. lot (R3-1XL TOC 2 zoning). Based on zoning by right, there is an option to build 11 units with more units with TOC bonuses or to build up to 8 ADUs as well. Another available option is creating an ED1 project with the possibility of up to 40 units. Also, this great layout for a small lot project to build condos as well since it will clear SB8 to avoid affordable housing requirements for small lot condos. Buyer responsible for verification of all zoning and building details.
