$1,875,000
For Sale

355 S Kingsley Drive

Los Angeles, CA 90020
Courtesy of Equity Union

Description

We are proud to present for sale the soon to be Ready-to-Issue 19 Unit non rent controlled development project in Koreatown. Gross Proforma Income of $530,912. Conveniently located near the Wilshire/Western Metro Subway Station, surrounded by Koreatown, Silver Lake, Hollywood and Downtown. The beautifully designed 5-story construction project is over a 1 level of basement parking garage. The development consists of seventeen 2 bedroom & 2 bathroom units and two 3 bedrooms & 2 bathroom units. The building will have a rentable/living area of around 15,400 SF and the apartments will range from 728 SF to 1,110 SF. The building will have 22 parking spaces. Also the project will have 1 Extremely Low Income unit and 2 Very Low Income units. Currently no structures on the lot. Located on the corner of 4th and Kingsley.

  • Property Details
    • Property
      • View:CityLights
      • Lot description:Item01UnitAcre
    • Measurements
      • Acres:0.1692
  • Construction Details
    • Type & Style
      • Property type:Purchase
  • Utilities / Energy Details
    • Utility
      • Utility source:Public
  • Community and Neighborhood Details
    • Location
      • County:Los Angeles
  • Financial Details
    • Pricing Details
      • Original List Price:$1, 875, 000
      • Buying Agency Compensation:2.500
  • Other
    • Source
      • MLS #:SR21175261

Location

sawhneyhomesReal Estate Group
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