110-116 S Kings Rd
14,176 Acres of Commercial Land Offered at $4,500,000 in Los Angeles, CA 90048
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INVESTMENT HIGHLIGHTS
- PRIME AAA+ Location in Beverly Grove: Adjacent to West Hollywood and Beverly Hills.
- Eligible for a 36-unit project under the Citywide Housing Incentive Program (CHIP), plus 8 additional ADUs for a total of 44 units
- TIER 2 TOIA (Transit Oriented Incentive Area): 45% FAR increase and an 11-ft height bonus, ideal for maximizing development value.
- RARE Double Lot Opportunity: Spanning over 14,000 sq. ft. (zoned LA R3) with dimensions of 108 D x 131 ft W
- COVERED Land Play: $19,500/month in rental income to offset carrying costs while securing redevelopment permits.
- 90 Walk Score! Located just off 3rd Street, surrounded by upscale dining, shopping, and entertainment options
EXECUTIVE SUMMARY
*Two properties being sold 110 S. Kings Rd (APN: 5511-016-003) & 116 S. Kings Rd (APN: 5511-016-004)
The Offering is a unique opportunity to acquire a rare double lot spanning 14,000 SF, zoned LA-R3 and eligible for Tier 2 TOIA (Transit Oriented Incentive Area). This prime location is nestled in one of Los Angeles' most sought-after rental markets, Beverly Grove, adjacent to the prestigious neighborhoods of Beverly Hills and West Hollywood.
This exceptional offering is ideal for developers looking to leverage a covered land play. With the potential to construct up to 44 units utilizing the CHIP (Citywide Housing Incentive Program), or to pursue an ED1 Section 8 Low Income Housing project eligible for Tier 3 of HACLA, the possibilities are abundant. Currently, the properties feature six townhomes with an attractive unit mix: (2) 3BD/2BA and (4) 2BD/2BA units. Developers can offset carrying costs by earning approximately $19,500 per month while securing permits for redevelopment. Additionally, tenants will benefit from an impressive 90 Walk Score! Conveniently situated off 3rd Street, this location offers easy access to a myriad of upscale dining, shopping, grocery stores, and entertainment options.
The Offering is a unique opportunity to acquire a rare double lot spanning 14,000 SF, zoned LA-R3 and eligible for Tier 2 TOIA (Transit Oriented Incentive Area). This prime location is nestled in one of Los Angeles' most sought-after rental markets, Beverly Grove, adjacent to the prestigious neighborhoods of Beverly Hills and West Hollywood.
This exceptional offering is ideal for developers looking to leverage a covered land play. With the potential to construct up to 44 units utilizing the CHIP (Citywide Housing Incentive Program), or to pursue an ED1 Section 8 Low Income Housing project eligible for Tier 3 of HACLA, the possibilities are abundant. Currently, the properties feature six townhomes with an attractive unit mix: (2) 3BD/2BA and (4) 2BD/2BA units. Developers can offset carrying costs by earning approximately $19,500 per month while securing permits for redevelopment. Additionally, tenants will benefit from an impressive 90 Walk Score! Conveniently situated off 3rd Street, this location offers easy access to a myriad of upscale dining, shopping, grocery stores, and entertainment options.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER AC |
---|---|---|
Gross Rental Income |
$99,999
![]() |
$9.99
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Other Income |
$99,999
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$9.99
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Vacancy Loss |
$99,999
![]() |
$9.99
![]() |
Effective Gross Income |
$99,999
![]() |
$9.99
![]() |
Taxes |
$99,999
![]() |
$9.99
![]() |
Operating Expenses |
$99,999
![]() |
$9.99
![]() |
Total Expenses |
$99,999
![]() |
$9.99
![]() |
Net Operating Income |
$99,999
![]() |
$9.99
![]() |
PROPERTY FACTS Under Contract
Price | $4,500,000 |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Commercial |
Total Lot Size | 14,176.00 AC |
1 LOT AVAILABLE
Lot
Price | $4,500,000 |
Price Per AC | $317.44 |
Lot Size | 14,176.00 AC |
108 D x 131 W - 14176 SF of Land Zoned LA-R3 Eligible for Tier 2 (TOIA) Transit Oriented Incentive Area
DESCRIPTION
Two Parcels totaling 14,176 of Land Zoned LA-R3 Eligible for Tier 2 (TOIA) - 44 Unit Redevelopment Site
1 of 1
Walk Score®
Walker's Paradise (93)
ZONING
Zoning Code | LA-R3 (1 unit for every 800 SF of Land) |