$4,350,000
SOLD MAY 1, 2025
14 Beds
12 Baths
8,286 Sq Ft
0.32 Acres

Recently Sold

$525 Per Sq Ft

3% Below List Price

17 Days on Market

About This Home

As of May 2025

* Two Properties Being Sold - 110 S. Kings Rd ( APN:5511-016-003) and 116 S. Kings Rd (APN : 5511-016-004) - Must be Sold Together. The Offering is a unique opportunity to acquire a rare double lot spanning 14,000SF, 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.

Last Agent to Sell the Property

Michael Monempour

Lyon Stahl Investment Real Estate, Inc. License #01996829 Listed on: 01/27/2025

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Michael Monempour

Lyon Stahl Investment Real Estate, Inc. License #01996829 Listed on: 01/27/2025

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,799

Year Built

  • Built in 1936

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 101x131

Interior Spaces

  • 8,286 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 12 Bathrooms

Parking

  • 12 Parking Spaces
  • On-Street Parking

Community Details

  • 2 Buildings
  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 5511-016-003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,799

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 8286
  • Lot Acreage: 0.3196
  • Lot Dimensions: 101x131
  • Stories: 2
  • Year Built: 1936
  • Number Of Photos: 34
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 14
  • Total Bathrooms: 12.00
  • Price Per S Q F T: 543.08

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Above Street Level
  • Total Parking: 12

Lot Info

  • Assessed Improvement Percent: 61.90
  • Assessed Improvement Value: 113182
  • Assessed Land Percent: 38.1
  • Assessed Land Value: 69671
  • Total Assessed Value: 182853
  • Assessor Parcel Number: 5511-016-003
  • Lot Size Area: 14176

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 18.68
  • Number Of Units: 6
  • Total Annual Expense: 81450
  • Type Of Units: Rent Control
  • Vacancy Rate: 17%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2025
Closed on
May 8, 2025
Sold by
Visner Scott D
Bought by
Kingston Development Group Llc
Seller's Agent
Michael Monempour
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Michael Monempour
Lyon Stahl Investment Real Estate, Inc.
List Price
$4,500,000
Sold Price
$4,350,000
Premium/Discount to List
-$150,000
-3.33%
Views
13
Current Estimated Value
$4,155,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$195,000
Avg. Annual Appreciation
-13.35%
Original Mortgage
$1,631,250
Interest Rate
6.67%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 27, 2025
Closed on
Apr 29, 2025
Sold by
Visner Ashley Bianca
Bought by
Visner Scott D
Seller's Agent
Michael Monempour
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Michael Monempour
Lyon Stahl Investment Real Estate, Inc.
List Price
$4,500,000
Sold Price
$4,350,000
Premium/Discount to List
-$150,000
-3.33%
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,631,250
Interest Rate
6.67%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 27, 2025
Closed on
Mar 24, 2025
Sold by
Schenk Harry and Kulwin Susie Schenk
Bought by
Visner Scott D
Seller's Agent
Michael Monempour
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Michael Monempour
Lyon Stahl Investment Real Estate, Inc.
List Price
$4,500,000
Sold Price
$4,350,000
Premium/Discount to List
-$150,000
-3.33%
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,631,250
Interest Rate
6.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 1993
Sold by
Schenk Kathy
Bought by
Schenk Kathy
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- --
Grant Deed -- Old Republic Title Company
Grant Deed $2,175,000 Old Republic Title Company
Grant Deed -- Old Republic Title Company
Grant Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,631,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2025 05/01/25 Sold $4,350,000 -3.3% $525 / Sq Ft
02/13/2025 02/13/25 Pending -- -- --
01/27/2025 01/27/25 For Sale $4,500,000 -- $543 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,799 $186,509 $71,064 $115,445
2024 $2,799 $182,853 $69,671 $113,182
2023 $2,759 $179,268 $68,305 $110,963
2022 $2,655 $175,754 $66,966 $108,788
2021 $2,591 $172,308 $65,653 $106,655
2019 $2,525 $167,199 $63,706 $103,493
2018 $2,360 $163,921 $62,457 $101,464
2016 $2,205 $157,558 $60,033 $97,525
2015 $2,177 $155,193 $59,132 $96,061
2014 $2,205 $152,154 $57,974 $94,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25-490213

The MLS

APN: 5511-016-003