Contiguous SFR: 748 S Kingsley is also available for sale at $2,200,000. We are pleased to present a rare urban infill development opportunity located within the Wilshire Center - Koreatown area of Los Angeles. This offering is comprised of two 6,750 -square foot lots (0.31 acres) that are LAR4-2 zoned. By right, there' s the possibility to develop 33 units. However, a developer can use a density bonus to add an additional 7 to 12 unit and also negotiate with the housing committee for the opportunity to build even more. The site currently has a duplex and triplex with a total of five rented units. Described as a walker's paradise, this location has a Walk Score of 96, allowing residents to complete most of their daily errands without a car. Koreatown boasts some of Los Angeles' s most exciting nightlife and cuisine establishments whose continued success is driving the city to new heights. Buyer to investigate sewer easement below property.
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