Property Details
About this Property
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!
MLS Listing Information
MLS #
CRSR24182318
MLS Source
California Regional MLS
Days on Site
76
Parking, School, and Other Information
HOA Fee
$0
Zoning
LW
Contact Information
Listing Agent
Anie Mayelian
Keller Williams Realty Calabasas
License #: 00778825
Phone: –
Co-Listing Agent
Aleen Mayelian
Keller Williams Realty Calabasas
License #: 02198281
Phone: –
1150 N Kingsley Dr is in Los Angeles, CA 90029. This Land is currently priced at $1,299,999. This address can also be written as 1150 N Kingsley Dr, Los Angeles, CA 90029.
©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of September 04, 2024. For the most current information, please contact Anie Mayelian
