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 3 TOC designation, the potential possibilities for this property are endless! Buyer may be able to do affordable housing (ED-1) project 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!
Property Details
Price:
$1,299,999
MLS #:
SR24182318
Status:
Active
Baths:
0
Address:
1150 N Kingsley Drive 5537015008
Type:
Land
Neighborhood:
c20hollywood
City:
Los Angeles
Listed Date:
Sep 3, 2024
State:
CA
ZIP:
90029
Lot Size:
7,895 sqft / 0.18 acres (approx)
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Schools
Interior
Exterior
Community Features
Curbs, Sidewalks, Storm Drains, Street Lights
Lot Features
Lot 6500-9999
Sewer
Public Sewer
View
None
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address1150 N Kingsley Drive 5537015008 Los Angeles CA
- AreaC20 – Hollywood
- CityLos Angeles
- CountyLos Angeles
- Zip Code90029
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Courtesy of Keller Williams Realty Calabasas. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.1150 N Kingsley Drive 5537015008
Los Angeles, CA
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