110 -116 S Kings Road, Los Angeles, CA 90048
-
Listed Price :
$4,500,000
-
Beds :
14
-
Baths :
12
-
Property Size :
8,286 sqft
-
Year Built :
1936
Property Description
* Two Properties Being Sold - 110 S. Kings Rd ( APN:5511-016-003) and 116 S. Kings Rd (APN : 5511-016-004) - Must be Sold Together. The Offering is a unique opportunity to acquire a rare double lot spanning 14,000SF, zoned LA-R3 and eligible for Tier 2 TOIA (Transit Oriented Incentive Area).This prime location is nestled in one of Los Angeles' most sought-after rental markets, Beverly Grove, adjacent to the prestigious neighborhoods of Beverly Hills and West Hollywood. This exceptional offering is ideal for developers looking to leverage a covered land play. With the potential to construct up to 44 units utilizing the CHIP(Citywide Housing Incentive Program), or to pursue an ED1 Section 8 Low Income Housing project eligible for Tier 3 of HACLA, the possibilities are abundant. Currently, the properties feature six townhomes with an attractive unit mix: (2) 3BD/2BA and (4) 2BD/2BA units. Developers can offset carrying costs by earning approximately $19,500 per month while securing permits for redevelopment. Additionally, tenants will benefit from an impressive 90 Walk Score! Conveniently situated off 3rd Street, this location offers easy access to a myriad of upscale dining, shopping, grocery stores, and entertainment options.
Interior Features
| Bedroom Information |
| Bedrooms |
14 |
| Bathroom Information |
| Bathrooms |
12 |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
110 -116 S Kings Road |
| City |
Los Angeles |
| State |
CA |
| Zip |
90048 |
| County |
Los Angeles |
| Listing Agent |
Michael Monempour DRE #01996829 |
| Courtesy Of |
Lyon Stahl Investment Real Estate, Inc. |
| List Price |
$4,500,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
8,286 |
| Lot Size |
14,176 |
| Year Built |
1936 |
Listing information courtesy of: Michael Monempour, Lyon Stahl Investment Real Estate, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 28th, 2025 at 6:06 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.
