CA > Los Angeles
Los Angeles, CA 90048,110 -116 S Kings RD
Los Angeles, CA 90048,110 -116 S Kings RD
Los Angeles, CA 90048,110 -116 S Kings RD
Los Angeles, CA 90048,110 -116 S Kings RD
Los Angeles, CA 90048,110 -116 S Kings RD
Los Angeles, CA 90048,110 -116 S Kings RD
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Sam Mu

Sam Mu

SAMMU TEAM

+1(949) 258-2228
$ 4,500,000
Est. payment | /mo

14 Beds

12 Baths

8,286 SqFt

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$ 4,500,000
Est. payment | /mo
Save

14 Beds

12 Baths

8,286 SqFt

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 8,286 sqft

Price per Sqft $543

MLS Listing ID 25490213

Bedrooms 14

HOA Y/N No

Year Built 1936

Lot Size 0.325 Acres

Lot Dimensions Assessor

Property Description

* Two Properties Being Sold - 110 S. Kings Rd ( APN:5511-016-003) and 116 S. Kings Rd (APN : 5511-016-004) - Must be Sold Together. The Offering is a unique opportunity to acquire a rare double lot spanning 14,000SF, zoned LA-R3 and eligible for Tier 2 TOIA (Transit Oriented Incentive Area).This prime location is nestled in one of Los Angeles' most sought-after rental markets, Beverly Grove, adjacent to the prestigious neighborhoods of Beverly Hills and West Hollywood. This exceptional offering is ideal for developers looking to leverage a covered land play. With the potential to construct up to 44 units utilizing the CHIP(Citywide Housing Incentive Program), or to pursue an ED1 Section 8 Low Income Housing project eligible for Tier 3 of HACLA, the possibilities are abundant. Currently, the properties feature six townhomes with an attractive unit mix: (2) 3BD/2BA and (4) 2BD/2BA units. Developers can offset carrying costs by earning approximately $19,500 per month while securing permits for redevelopment. Additionally, tenants will benefit from an impressive 90 Walk Score! Conveniently situated off 3rd Street, this location offers easy access to a myriad of upscale dining, shopping, grocery stores, and entertainment options.

Location

State CA

County Los Angeles

Area C19 - Beverly Center-Miracle Mile

Zoning LAR3

Interior

Heating None

Cooling None

Fireplace No

Exterior

Parking Features Driveway Down Slope From Street

Total Parking Spaces 12

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5511016003

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Michael Monempour • Lyon Stahl Investment Real Estate, Inc.
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 258-2228

sammuteam@gmail.com

880 Roosevelt Suite 250, Irvine, California, 92620, United States

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110 -116 S Kings RD