Check Availability
$2,100,000
Land - For Sale

355 S Kingsley Dr

Los Angeles, CA 90020
bedrooms
Studio
bathrooms
0 Bath
$10,312
Estimated Monthly
$0
HOA / Fees

About This Property

Introducing an exceptional opportunity, RTI, Ready-to-Issue 19-Unit non-rent-controlled development in the heart of Koreatown. Strategically positioned in close proximity to the Wilshire/Western Metro Subway Station, this development is surrounded by the vibrant neighborhoods of Koreatown, Silver Lake, Hollywood, and Downtown. This exquisitely designed 5-story construction project, inclusive of a one-level basement parking garage, is a testament to thoughtful planning and contemporary aesthetics. Comprising seventeen 2-bedroom & 2-bathroom units and two 3-bedroom & 2-bathroom units, the development offers a harmonious blend of functionality and sophistication. With a generous rentable/living area spanning approximately 15,400 square feet, the apartments vary in size from 728 to 1,110 square feet, providing a diverse range of living options to cater to various preferences. The building also boasts 22 parking spaces, ensuring convenience for residents. Moreover, this project is committed to fostering inclusivity by incorporating 1 Extremely Low-Income unit and 2 Very Low-Income units, contributing to the community's diverse housing needs. Embrace the prospect of investing in a development that not only exemplifies architectural excellence but also aligns with a vision of creating a socially responsible living space in one of Los Angeles' most dynamic neighborhoods.
Unit Size
-
Days on Market
135 days
Land Size
0.17 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1922
Listed By
Dae Young Hur
Keller Williams Larchmont
Last updated: 12 days ago (CLAWCA #340263)

Price History

Date / Event Date Event Price
Apr 18, 2024 Relisted $2,100,000
Relisted
Apr 11, 2024 In contract -
In contract
Feb 23, 2024 Price Decreased $2,100,000
↓ $190K (8.3%)
Price Decreased
Dec 16, 2023 Listed by Keller Williams Larchmont $2,290,000
Listed by Keller Williams Larchmont
Oct 1, 2022 No longer available -
No longer available
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1922
  • Building Count: 2
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,369
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,887
  • Gross Building Area: 2,887
  • Building Area: 2,887
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,887
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: NORWOOD TERRACE
  • Land Acres: 0.169
  • Legal Description 1: NORWOOD TERRACE LOT COM AT SW COR OF LOT53 TH N 89 37'45 E 125 FT TH NE ON A CURVE CONCAVE TO NW RADIUS EQUALS 25 FT 39.47 FT TH N 0 04' E 25 FT TH W TO W LINE OF SD LOT TH S THEREON 50 FT TO BEG PART OF LOT 53

Ownership

  • Current Owner : 355 KINGSLEY LP
  • Previous Owner : FAR EASTERN MEGATRADE CORP
  • Owner Before Previous Owner: MANALO LEW BERNADETTE
  • Owner Before Previous Owner 2: ROMANA NANCY SANTA
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 211803

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 43-E1
  • Parcel: 5503-007-001
  • Lot: 53
  • Municipality: WEST /KOREA TOWN
  • Latitude: 34.0674
  • Longitude: -118.303

    Address

  • Full Address: 355 S Kingsley Dr
  • Address - House Number: 355
  • Street Direction: S
  • Address - Street Name: Kingsley
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C012
  • 4-Digit Zip Code: 3409
  • Zip Code: 90020

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,950
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.0677
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 96
  • Final Value: 1,712,459
  • High Value: 1,828,498
  • Low Value: 1,596,419

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,179,420
  • Assessed Land Value: $964,981
  • Assessed Improvements Value: $214,439

    Sales

  • Current Sale Contract Date: Aug 10, 2018
  • Current Sale Recording Date: Aug 28, 2018
  • Current Sale Transaction ID: 11501020396
  • Current Sale Price: $1,100,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 18-0868316
  • Previous Sale Recording Date: Aug 28, 2015
  • Previous Sale Contract Date: Jul 28, 2015
  • Previous Sale Amount: $855,000
  • Previous Sale Document Type: unknown

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Land
Loft
-
-
$1,700,000 Feb 29, 2024
-
-
Other
Loft
-
6,647 ft²
$301/ft²
$1,999,000 Mar 28, 2024
-
-
Other
Loft
-
6,852 ft²
$335/ft²
$2,295,000 Oct 5, 2023
-
-
Other
Loft
-
3,908 ft²
$613/ft²
$2,394,999 Dec 12, 2023
-
-
Other
Loft
-
3,303 ft²
$545/ft²
$1,799,800 Mar 29, 2024
-
-
House
3 Beds
2 Baths
1,635 ft²
$1,056/ft²
$1,726,000 Mar 27, 2024
-
-

About Central LA


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Frequently Asked Questions

When was property at 355 South Kingsley Drive built and last sold?
The property at 355 South Kingsley Drive was built in 1922 and last sold on Aug 10, 2018 for $1,100,000.
How much is this home worth?
The estimated value of the home located at 355 South Kingsley Drive is $2,312,900.
What are some comparable homes to 355 South Kingsley Drive?
Homes that are comparable to 355 South Kingsley Drive include a land property at 316 South Catalina Street, a other property at 139 North Catalina Street, 251 North Kenmore Avenue.

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