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.
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