942 N Kingsley Drive

Los Angeles, CA 90029

$1,375,000

List Price

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bed Beds

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shower Baths

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straighten / sqft

1940

calendar_month Built

Property Description

This is a great opportunity to develop on a large lot in East Hollywood on a quiet street. Owner occupied and will be delivered vacant. Do not distrub. The lot is near Melrose Hills, Los Feliz, Silver Lake, Larchmont Village, and Koreatown. Nearby spots such as the Hollywood Walk of Fame, the Observatory, Pantages Theatre, and many great restaurants. Less than a mile away from Vermont/Santa Monica Metro station. Many options are possible on this 9,035 sq. ft. lot (R3-1XL TOC 2 zoning). Based on zoning by right, there is an option to build 11 units with more units with TOC bonuses or to build up to 8 ADUs as well. Another available option is creating an ED1 project with the possibility of up to 40 units. Also, this great layout for a small lot project to build condos as well since it will clear SB8 to avoid affordable housing requirements for small lot condos. Buyer responsible for verification of all zoning and building details.

Listing Information

List Price $1,375,000
Status Active
MLS WS24234286
Type Residential Income
Subtype Quadruplex
Year Built 1940
Lot Size 9,035
Structure Size N/A
DOM 6
Courtesy Of LANDMARK LENDING REALTY
Listing Agent EDMOND WU DRE#01373930

Interior Features

Laundry Information
Location(s) None
Total Bedroom
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Total Bathroom
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Exterior Information

Maps

Listing information courtesy of: EDMOND WU, LANDMARK LENDING REALTY 626-353-8088. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 21st, 2024 at 6:56 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.