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1315 N Kingsley Drive
Los Angeles, CA 90027

Price: $1,500,000 Zoning: LAR3
Bldg SF: 3,222 SF Price/SF: $466
Land SF: 8,478 SF Vacancy: 57%
Year Built:  1955 TOC: Tier 2
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Address: 1315 N Kingsley Drive, Los Angeles, CA 90027
Price: $1,500,000
Bldg SF: 3,222 SF
Land SF: 8,478 SF
Year Built: 1955
Price/SF: $466
Vacancy: 57%
TOC: Tier 2
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Investment Highlights

Fantastic Hollywood Location

 

  • Ideally located within 2 miles of some of the most popular tourist destinations in the state

  • Located proximate to a number of significant developments, including Amoeba Tower and Crossroads of the World

 

Excellent Opportunity for a Developer, Investor, or Owner-User

 

  • The property is located within an Opportunity Zone and is classified as TOC Tier 2, both of which may offer benefits for future development

  • Immediate upside available through stabilization

  • The single family residence will be vacant, allowing an owner-user to occupy the property and earn additional income from the studio units

 

Strong Demographics and Population Density

 

  • Over 81,000 people within one mile and over 1,095,000 people within 5 miles of the subject property

  • Over 443,000 households located within 5 miles of the property

  • Median household income of $41,133 within one mile and over $52,668 within 3 miles of the subject property

 

Sub-Market Saturated with Developments, Retail Amenities & Tourist Attractions

 

  • Close proximity to Crossroads of the World, the Amoeba Tower, and Academy on Vine

  • Located near Tender Greens, Chipotle Mexican Grill, Sweetgreen, Trader Joe’s, and Starbucks

  • Proximate to the Griffith Observatory and Hollywood Sign, El Capitan Theater, Hollywood Walk of Fame, Universal Studios, and Capitol Records Building