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328 North Kingsley Drive

328 North Kingsley Drive Los Angeles CA

Sold for $3,400,000

See all homes in Central LA, 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 North Kingsley Drive Los Angeles, CA 90004Los Angeles County

  • beds

  • baths

  • sqft

  • ~3/4 acre lot

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 DAMLS / Iconic Investments

MLS# 17213134 — Report a problem

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Property details for 328 North Kingsley Drive

Last refreshed 8 minutes ago

The Building

Square Footage:
0 Sqft

Financial & Terms

Sale Type:
Standard Sale

Location

Area:
Mid-Wilshire
Cross Streets:
Kingsley Drive And Beverly Blvd

The Property

0.65
Acres:
Lot SqFt:
28371.00
Lot Measurement:
SqFt
Price Per Acre:
$5,220,328.57
View:
Yes
Survey:
Buyer Pays
Land:
Fee

Utilities

Electric:
In Street
Gas
In Street
Water:
In Street

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

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
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 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

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: 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.

Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of DAMLS. 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.

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.

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