110 & 116 S Kings Rd | Los Angeles, CA 90048

Written By Michael Monempour

SALE PRICE: $4,350,000

PRICE/UNIT: $99k          PRICE/SF: $530                  GRM: 16.50                 CAP RATE: 3.25%

TRANSACTION HIGHLIGHTS

  • PRIME AAA Beverly Grove Location - situated adjacent to West Hollywood and Beverly Hills

  • ENTITLEMENT plans for 40 Units + 4 ADUs - proposed through the CHIPS program

  • CLEAN transaction - smooth escrow with no credits from buyer

  • RARE double lot development opportunity - over 14,000 SF zoned LA R3 with generous dimensions (108’ W x 131 ‘D)

  • COVERED land investment - generate income during the entitlement process

  • BROKER REPRESENTATION - Michael Monempour + David Saghian represented both buyer and seller in the transaction

 
Free Property Valuation
Michael Monempour
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