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25 Unit Redevelopment. Located within the Koreatown redevelopment project area. Koreatown Galleria supermarket & retail stores in very close 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 $2,300,000. Legally 14 Units Bonus Density 25 Units including 3 Units for Low Income.Buyer to do their own due diligence regarding possibilities for development. Interior inspection subject to accepted offer. 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: $194 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. $2,680 Month-to-Month 1141 S Kinsley 1 Bed/ 1 Bath $1,600 Month-to-Month 1141 1/2 S Kingsley 1 Bed/ 1 Bath $1,720 Month-to-Month. 1145 S Kingsley Duplex: 2 Beds/ 1 Bath 1,665 sq. ft. $2,700 Month-to-Month 1145 S Kingsley 1 Bed/ 1 Bath $2,000 Month-to-Month. Total Income $10,700 p/mo.
Property Type(s):
Residential Income
| Last Updated | 5/1/2025 | Year Built | 1895 |
|---|---|---|---|
| Community | Mid-Wilshire | County | Los Angeles |
Additional Details
| APPLIANCES | Disposal, Refrigerator |
|---|---|
| AREA | Mid-Wilshire |
| GARAGE | Side by Side |
| LOT | 5902 sq ft |
| PARKING | Side By Side |
| STORIES | 1 |
| ZONING | LAR3 |
Location
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Listed with KORUS Real Estate
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