950 N Kingsley Drive

    Los Angeles (City), CA 90029
    • $1,299,000
    • STATUS: Active
    • ON SITE: 136 days
    • ID#: 19471338
    UPDATED: 38 min ago
    $1,299,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,450
      SQFT
    • $377
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:

    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 9 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).*with 1 additional Studio unit may not have been permitted as a separate unit but as a room addition according to LADBS*

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-14T09:35:31.953. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/95334703

    950 N Kingsley Drive Los Angeles (City), CA 90029

    • Price: $1,299,000
    • Status: Active
    • Updated: 38 min ago
    • ID#: 19471338
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    3,450
    SQFT
    $377
    $/SQFT
    1920
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - 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 9 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).*with 1 additional Studio unit may not have been permitted as a separate unit but as a room addition according to LADBS*
    Exterior Features

    Lot Size Units Square Feet Parking Features Driveway - Combination Parking YN Yes

    Interior Features

    Appliances None Appliances YN No Laundry Features None

    Property Features

    Gross Multiplier 15.00 Gross Operating Income 63000.00 Improvements Amount 280270 Land Value 203720 Laundry YN No Net Operating Income 53000.00 Special Listing Conditions Standard Total Expenses 10000.00 Vacancy Allowance Rate 0.00 Zoning Lar3

    Listing provided courtesy of Armen Nkruryan of Century 21 Hollywood


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-14T09:35:31.953. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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