110-116 S Kings Rd | Los Angeles, CA 90048
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- LoopNet Team
110-116 S Kings Rd
Los Angeles, CA 90048
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- PRIME AAA+ Location in Beverly Grove: Adjacent to West Hollywood and Beverly Hills.
- Eligible for a 36-unit project under the Citywide Housing Incentive Program (CHIP), plus 8 additional ADUs - Only 4 Low Income Replacement
- COVERED Land Play: $19,500/month in rental income to offset carrying costs while securing redevelopment permits.
- RARE Double Lot Opportunity: Spanning over 14,000 sq. ft. (zoned LA R3) with dimensions of 108 D x 131 ft W
- TIER 2 TOIA (Transit Oriented Incentive Area): 100% Density Bonus, 45% FAR increase and an 11-ft height bonus, ideal for maximizing development value.
- 90 Walk Score! Located steps from 3rd Street, surrounded by upscale dining, shopping, and entertainment options
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.32 AC |
| Property Type | Multifamily | Building Size | 8,286 SF |
| Property Subtype | Apartment | Average Occupancy | 83% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1936 |
| Zoning | LAR3 - 1 Unit for Every 800 SF of land By Right | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 8,286 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built | 1936 |
| Zoning | LAR3 - 1 Unit for Every 800 SF of land By Right |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 2 | $3,936 | 1,800 |
| 2+2 | 4 | $2,554 | 1,150 - 1,200 |
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