1211 N Kingsley Dr is a large (7,821 square foot) LARD1.5 lot in highly walkable East Hollywood, moments to the Sunset Target, Netflix, and the many other studios & neighborhood hotspots nearby. This property will be delivered with RTI plans for a 5-unit (REAL 5-unit, NO ADU’s) made up of a 4b/4b SFR, two 4b/4.5 townhome-style units, and two 4b/4b townhome-style units. This SB-8 EXEMPT project (ultra-rare!) comes with HIGHLY desirable, strategically designed plans that will be impressive to both future tenants and future buyers. Upon completion of the construction, we project an exit price of $3,995,000- making for an estimated profit of $777,950. Build and sell or build and hold with a projected monthly rent of $23,200! You can’t go wrong.In terms of location, 1211 N Kingsley Dr is situated in prime East Hollywood, a 7 minute walk to Sunset Blvd, which is home to a combination of trendy local shops and restaurants, as well as convenient chain stores, entertainment studios, and offices. This rapidly gentrifying neighborhood is known for attracting young hipster tenants and families who enjoy the close proximity to Hollywood, Silver Lake, Virgil Village, and most importantly- all the employment opportunities nearby!
|
DAYS ON MARKET
|
57
|
LAST UPDATED
|
2/21/2023
|
|
COMMUNITY
|
Hollywood
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Lot/Land/Acreage
|
|
Prior to Feb 21, '23
|
$1,595,000
|
| Feb 21, '23 - Today |
$1,575,000 |
| AREA |
Hollywood |
| HOA DUES |
0 |
| LOT |
7821 sq ft |
| LOT DESCRIPTION |
Level, Near Public Transit, Rectangular Lot, Street Level, Tear Down, Value In Land |
| SEWER |
Public Sewer |
| VIEW DESCRIPTION |
None |
| WATER |
Public |
| ZONING |
LARD1.5 |
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Listed with The 2-4 Unit Specialists
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 3/25/23 6:29 AM PDT and /or other sources. 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
This IDX solution is (c) Diverse Solutions 2023.
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