This Land Property is no longer advertised on LoopNet.com.

355 S Kingsley Dr
Los Angeles, CA 90020
19 UNIT RTI PROJECT IN K-TOWN · Land For Sale · 0.17 AC

Investment Highlights

  • Corner Advantage, Ideal Location, Ready-to-Build, Investment Potential

Property Facts

Property Type Land
Property Subtype Commercial
Proposed Use Apartment Units
Total Lot Size 0.17 AC
Zoning R4-2 - Measure JJJ project

Description

Introducing an exceptional opportunity, the forthcoming Ready-to-Issue 19-Unit non-rent-controlled development in the heart of Koreatown. Strategically positioned in close proximity to the Wilshire/Western Metro Subway Station, this development is surrounded by the vibrant neighborhoods of Koreatown, Silver Lake, Hollywood, and Downtown. This exquisitely designed 5-story construction project, inclusive of a one-level basement parking garage, is a testament to thoughtful planning and contemporary aesthetics. Comprising seventeen 2-bedroom & 2-bathroom units and two 3-bedroom & 2-bathroom units, the development offers a harmonious blend of functionality and sophistication. With a generous rentable/living area spanning approximately 15,400 square feet, the apartments vary in size from 728 to 1,110 square feet, providing a diverse range of living options to cater to various preferences. The building also boasts 22 parking spaces, ensuring convenience for residents. Moreover, this project is committed to fostering inclusivity by incorporating 1 Extremely Low-Income unit and 2 Very Low-Income units, contributing to the community's diverse housing needs. Embrace the prospect of investing in a development that not only exemplifies architectural excellence but also aligns with a vision of creating a socially responsible living space in one of Los Angeles' most dynamic neighborhoods.

Property Taxes

Property Taxes

Parcel Number
5503-007-001
Land Assessment
$1,003,965
Improvements Assessment
$223,101
Total Assessment
$1,227,066
  • Listing ID: 30392446

  • Date on Market: 12/17/2023

  • Last Updated:

  • Address: 355 S Kingsley Dr, Los Angeles, CA 90020

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