Homes for sale - 110 S Kings Rd, Los Angeles, CA 90048

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John Herkenrath

johnherkenrath@epiquerealty.com +1(310) 221-2910

$4,600,000

Est. payment - /mo

14 Beds

12 Baths

8,286 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,286 sqft

Price per Sqft $555

MLS Listing ID 25593381

Bedrooms 14

Year Built 1936

Lot Size 0.325 Acres

Acres 0.3196

Property Sub-Type Multi-Family

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.

Location

State CA

County Los Angeles

Area Beverly Center-Miracle Mile

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Parking Features Above Street Level

Garage Spaces 12.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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Listed by Lyon Stahl Investment Real Estate, Inc.

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

110 S Kings Rd Los Angeles, CA 90048