412 N Kingsley Dr

“Major Price Drop” on this Re-Development Opportunity of this 6,362 square foot lot, zoned LAR3. Lot Size 43’ x 149/147’ respectively. Exceptional neighborhood close to Larchmont Village, Hancock park, and East Hollywood Metro just blocks from Normandie and Beverly Blvd. Priced to sell.
Los Angeles Department of Building & Safety (ZIMAS) shows this property in the LaPaloma Addition Tract within the Wilshire Planning Area and Wilshire Center-Koreatown Neighborhood Council area. City Documents associated with the parcel : SEZ-Los Angeles State Enterprise Zone and within the ZI-2512 Housing Element Inventory of Sites.
The real estate features a vacant single-family residential structure on a flat lot, with 2 beds and 1 bath; A great opportunity for the development of multi-family housing. May be perfect for 4-plex or more based on City incentives and variances during this housing shortage.
This area is a magnet for both tenants and investors due to its proximity to a variety of amenities such as dining, shopping, and recreational facilities. The area is a desirable rental market making it an incredible investment and low risk development opportunity. Easy access to freeways and public transportation. A dynamic mix of residential and commercial properties in the area with high population density. The area has experienced considerable growth in recent years.
The buyer acknowledges and agrees that it is solely their responsibility to conduct their own due diligence, including any financial analysis related to the property. This includes, but is not limited to, assessing legal compliance, zoning, market value, and potential financial performance. The buyer must verify all information independently and use professional advice as necessary to ensure the property meets their investment criteria.