110-116 S Kings Rd

14,176 Acres of Commercial Land Offered at $4,500,000 in Los Angeles, CA 90048

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.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER AC
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
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

Walk Score®
Walker's Paradise (93)

ZONING

Zoning Code LA-R3 (1 unit for every 800 SF of Land)
  • Listing ID: 34621340

  • Date on Market: 1/27/2025

  • Last Updated:

  • Address: 110-116 S Kings Rd, Los Angeles, CA 90048