Description

1211 N Kingsley Dr is a large (7,821 square foot) LARD1.5 lot in highly walkable East Hollywood, moments to the Sunset Target, Netflix, and the many other studios & neighborhood hotspots nearby. This property will be delivered with RTI plans for a 5-unit (REAL 5-unit, NO ADUs) made up of a 4b/4b SFR, two 4b/4.5 townhome-style units, and two 4b/4b townhome-style units. This SB-8 EXEMPT project (ultra-rare!) comes with HIGHLY desirable, strategically designed plans that will be impressive to both future tenants and future buyers. Upon completion of the construction, we project an exit price of $3,995,000- making for an estimated profit of $777,950. Build and sell or build and hold with a projected monthly rent of $23,200! You cant go wrong. In terms of location, 1211 N Kingsley Dr is situated in prime East Hollywood, a 7 minute walk to Sunset Blvd, which is home to a combination of trendy local shops and restaurants, as well as convenient chain stores, entertainment studios, and offices. This rapidly gentrifying neighborhood is known for attracting young hipster tenants and families who enjoy the close proximity to Hollywood, Silver Lake, Virgil Village, and most importantly- all the employment opportunities nearby!

Features

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• 0.18 Acres