328 North Kingsley Drive

328 North Kingsley Drive Los Angeles CA

$4,890,000

Sanctuary on Kingsley is a development opportunity in LA's thriving Koreatown submarket. Located at 328 N. Kingsley Drive, the parcel of land is roughly 28,370 square feet and zoned R3-1. While the current improvements on the property are 20 apartment units, a developer will have the opportunity to build up to 48 Class A units (44 market-rate units and four very-low income units). The floor to area ratio is 3:1, and the height restriction is 45 feet.The location is ideal for either market-rate or affordable housing project. Construction of a Class A apartment building is justified with anticipated pro-forma rents of $3.00+ per square foot. The developer of this property will participate in the growth of a submarket which has transformed into one of the most desirable places for urban living. Koreatown is drawing millennials seeking a hip urban lifestyle due to its walkability, trendy hotels and restaurants and access to public transportation. Schedule a Private Showing

Listing courtesy of DAMLS / Iconic Investments
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328 North Kingsley Drive

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Property details for 328 North Kingsley Drive

Last updated Apr 30, 2017 3:32 PM
Last changed about 1 month ago

The Building

Square Footage: 0.00 Sqft


Location

Area: Mid-Wilshire


The Property

0.65 Acres:

Lot SqFt: 28371.00

Lot Measurement: SqFt

$7,508,060.80 Price Per Acre:

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What it's like to live at 328 North Kingsley Drive

Transit

Provided by local transit authorities.

  •   N/A
  •   N/A

WalkScore™

Provided by WalkScore™ Inc.

82

Very Walkable

Soundscore™

Provided by HowLoud

66

Busy

Busy Active Calm

Internet Speed

Provided by BroadbandNow®

300 Mbps

About internet speed

Time Warner Cable

View a full report

Sale history for 328 North Kingsley Drive

Date Event Price % Change
Mar 20, 2017 Listed / Active $4,890,000

Schools near 328 North Kingsley Drive

5

Harvard Elementary School

Public K-5

5

Virgil Junior High School

Public 6-8

5

Belmont Senior High School

Public 9-12

5

Harvard Elementary School

Public K-5

2

Alexandria Avenue Elementary School

Public K-5

7

Cahuenga Elementary School

Public K-5

7

Charles H Kim Elementary School

Public K-5

N/A

St Brendan Catholic School

Private K-8

2

Frank Del Olmo Elementary School

Public K-6

N/A

Virgil Medical And Health Science Magnet Middle School

Public K-K

7

Van Ness Avenue Elementary School

Public K-5

5

Virgil Junior High School

Public 6-8

N/A

St Brendan Catholic School

Private K-8

2

Frank Del Olmo Elementary School

Public K-6

5

Belmont Senior High School

Public 9-12

N/A

St Brendan Catholic School

Private K-8

* GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org


The details on 328 North Kingsley Drive: This land located in Central LA, Los Angeles, CA 90004 is currently for sale for $4,890,000. 328 North Kingsley Drive is a – square foot land with – beds and – baths. 328 North Kingsley Drive is in the Central LA neighborhood of Los Angeles and has a WalkScore™ of 82, making it very walkable. This land is in the attendance area of Harvard Elementary School, Virgil Junior High School, and Belmont Senior High School.

Listing Courtesy of: DAMLS and Iconic Investments.

The information being provided by DAMLS is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing.

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The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

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