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328 N Kingsley Drive

328 N Kingsley Drive Los Angeles CA

Sold for $3,400,000

See all homes in Wilshire Center - Koreatown, Los Angeles 

This property sold for $3,400,000 3 months ago.

Land Sold on 8/25/2017

$3,400,000

Never miss new listings between $3,000,000–the sky in this area

328 N Kingsley Drive Los Angeles, CA 90004 — Mid-Wilshire, Los Angeles County

  • beds

  • baths

  • sqft

  • ~3/4 acre lot
  • on site

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.

Listing courtesy of CARETS / Iconic Investments

MLS# 17213134 — Report a problem

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Property details for 328 N Kingsley Drive

Last refreshed 2 minutes ago

Financial & Terms

Special Conditions:
Standard Sale
Terms of Sale:
Cash To Existing Loan
Buyer Financing Options:
Cash to New Loan
Legal Disclosures:
Take Property As Is, No Property Assessments, CommissionToBuyerAgent
Listing Agreement:
Exclusive Right To Sell/Lease
Price Per SqFt:
$172.36

Location

Cross Street:
KINGSLEY DRIVE AND BEVERLY BLVD

The Property

Lot Size:
28,371 Sqft
Lot Size Source:
Public Records
View:
Yes
Views:
Any View

Taxes

Parcel Number:
5521033014

The Listing

Original List Price:
$4,890,000
Closing Price:
$3,400,000

Utilities

Water:
In Street
Gas:
In Street
Electric:
In Street

The Community

HOA:
No

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

WalkScore™

Provided by WalkScore™ Inc.

86

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 N Kingsley Drive

Date Event Price % Change
Aug 25, 2017 Sold $3,400,000 -30.5%
May 11, 2017 Pending $4,890,000
Mar 20, 2017 Listed / Active $4,890,000

Schools near 328 N 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

3

Alexandria Avenue Elementary School

Public K-5

7

Cahuenga Elementary School

Public K-5

6

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


Listing courtesy of CARETS, Iconic Investments, and Peter Strauss.

The information being provided by CARETS 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.

Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the CARETS MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

Any information relating to a property, 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.

The data contained herein is copyrighted by CARETS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

If a listing displays "Short Sale/Subject to Lender Approval", then that listing has been identified by the seller and the listing broker as a "short sale". This means that, at the listed price, the proceeds from the sale may not be adequate to pay all liens and costs of sale. Any offer made that does not fully cover the existing amount(s) owed to the lien holders(s) plus the costs of sale could be subject to lien holder approval, which approval may be exercised at the sole and exclusive discretion of the lien holder(s).

Kevin Boer - CA BRE# 01842161

Copyright © 2017 Estately, Inc. Data displayed here has not been verified by Estately.