Description
25 Unit Redevelopment. Located within the Koreatown redevelopment project area. Koreatown Galleria supermarket & retail within walking distance. Dense demographic neighborhood. Close proximity to Olympic Blvd & Western. Side by side properties sold together only as one sale. APN's: 5080-026-008 & -009 Price is for both parcels. Sale Price: $2,850,000 Buyer may obtain new financing at current market rates. Legally 14 Units Bonus Density 25 Units including 3 Units for Low Income. BUILDING SIZE: 2,902 sq. ft. + 1,665 sq. ft. = 3,757 sq. ft. (combined) LAND SIZE: 5,900 sq. ft. + 5,900 sq. ft. = 11,800 sq. ft. (combined) LAND PRICE PER SF: $241 per sq. ft. ZONING: R3-1 TRANSIT ORIENT COMMUNITIES Tier 2. Most renters are currently on a monthly basis.1139 S Kingsley Triplex: 3 Beds/ 2 Bath 2,092 sq. ft. $2,520 Month-to-Month 1141 S Kinsley 1 Bed/ 1 Bath $1,420 Month-to-Month 1141 S Kingsley 1 Bed/ 1 Bath $1,550 Month-to-Month. 1145 S Kingsley Duplex: 2 Beds/ 1 Bath 1,665 sq. ft. $2,450 Month-to-Month 1145 1/2 S Kingsley 1 Bed/ 1 Bath $1,600 Month-to-Month Total $9,540 p/mo. Buyer to do their own due diligence regarding possibilities for development. Interior inspection subject to accepted offer. Please do not call the seller as the property is listed. Buyer to cooperate in a 1031 exchange at no cost at liability to buyer.
Location
"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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 1st October, 2023 2:40 AM (UTC)
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 1st October, 2023 2:40 AM (UTC)
Listing Agent: Kyi Lee
Listing Office: KORUS Real Estate
