304 S Kingsley Dr | 4070 W 3rd St
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304 S Kingsley Dr 4070 W 3rd St Bureau 1 231 m² 100 % Loué À vendre Los Angeles, CA 90020
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Prime Koreatown location with high 3rd Street visibility
- TOC Tier 3 zoning with pending General Plan Amendment to R5-1
- Long-established karaoke bar/restaurant and office uses
- ± 28,297 SF lot (0.65 acres) with ± 13,248 SF of improvements
- Redevelopment potential for up to ± 226 multifamily units
- Flexible investment profile: income now + redevelopment upside
RÉSUMÉ ANALYTIQUE
PROPERTY HIGHLIGHTS
Expanded Offering – property for sale includes:
• 304 S. Kingsley Dr., Los Angeles, CA 90020 or 4070 W. 3rd St., Los Angeles, CA 90020
• 310 S. Kingsley Dr., Los Angeles, CA 90020
• 311 Ardmore Ave., Los Angeles, CA 90020
Attractive Pricing: Offered at Best Offer, with seller willing to consider a conservative price below the prior asking of $15M.
Prime Koreatown Location: Situated in one of Los Angeles’ most dynamic and culturally vibrant neighborhoods, surrounded by strong residential and commercial demand drivers.
Generous Lot Size: ± 28,297 SF lot (0.65 acres) with ± 13,248 SF of existing improvements across two buildings.
Zoning & Entitlements: TOC 3 with a General Plan Amendment in process for R5-1 zoning, unlocking major redevelopment potential.
Multifamily Development Upside: Potential for up to ± 226 residential units under future R5 entitlement.
Mixed Current Use: Long-established karaoke bar and restaurant (entertainment venue) plus office space (construction/real estate office).
Flexible Investment Profile: Combines immediate income-producing operations with long-term redevelopment potential.
BUSINESS HIGHLIGHTS
Established Legacy: The karaoke bar and restaurant have been in continuous operation for over 30 years, making it one of Koreatown’s most recognizable and popular entertainment venues.
Proven Popularity: With decades of loyal patronage, the business has built a strong reputation as a go-to nightlife destination for both locals and visitors.
Turnkey Opportunity: Offered separately at $1,500,000, the business includes goodwill, furniture, fixtures, and equipment (FF&E), ensuring a smooth transition for new ownership.
Liquor License: An ABC/CUB liquor license is available to be transferred by the tenant, providing immediate revenue potential.
Secure Lease Terms: Landlord is offering a new 5-year lease with a 5-year option, supporting stability and future growth for the incoming operator.
Prime Location: Situated in Koreatown, one of Los Angeles’ most vibrant cultural and nightlife districts, the business benefits from high visibility and consistent foot traffic.
Expanded Offering – property for sale includes:
• 304 S. Kingsley Dr., Los Angeles, CA 90020 or 4070 W. 3rd St., Los Angeles, CA 90020
• 310 S. Kingsley Dr., Los Angeles, CA 90020
• 311 Ardmore Ave., Los Angeles, CA 90020
Attractive Pricing: Offered at Best Offer, with seller willing to consider a conservative price below the prior asking of $15M.
Prime Koreatown Location: Situated in one of Los Angeles’ most dynamic and culturally vibrant neighborhoods, surrounded by strong residential and commercial demand drivers.
Generous Lot Size: ± 28,297 SF lot (0.65 acres) with ± 13,248 SF of existing improvements across two buildings.
Zoning & Entitlements: TOC 3 with a General Plan Amendment in process for R5-1 zoning, unlocking major redevelopment potential.
Multifamily Development Upside: Potential for up to ± 226 residential units under future R5 entitlement.
Mixed Current Use: Long-established karaoke bar and restaurant (entertainment venue) plus office space (construction/real estate office).
Flexible Investment Profile: Combines immediate income-producing operations with long-term redevelopment potential.
BUSINESS HIGHLIGHTS
Established Legacy: The karaoke bar and restaurant have been in continuous operation for over 30 years, making it one of Koreatown’s most recognizable and popular entertainment venues.
Proven Popularity: With decades of loyal patronage, the business has built a strong reputation as a go-to nightlife destination for both locals and visitors.
Turnkey Opportunity: Offered separately at $1,500,000, the business includes goodwill, furniture, fixtures, and equipment (FF&E), ensuring a smooth transition for new ownership.
Liquor License: An ABC/CUB liquor license is available to be transferred by the tenant, providing immediate revenue potential.
Secure Lease Terms: Landlord is offering a new 5-year lease with a 5-year option, supporting stability and future growth for the incoming operator.
Prime Location: Situated in Koreatown, one of Los Angeles’ most vibrant cultural and nightlife districts, the business benefits from high visibility and consistent foot traffic.
BILAN FINANCIER (RÉEL - 2024) |
ANNUEL | ANNUEL PAR m² |
|---|---|---|
| Revenu de location brut |
623 991 €
|
164,56 €
|
| Autres revenus |
-
|
-
|
| Perte due à la vacance |
-
|
-
|
| Revenu brut effectif |
623 991 €
|
164,56 €
|
| Taxes |
73 325 €
|
19,34 €
|
| Frais d’exploitation |
17 773 €
|
4,69 €
|
| Total des frais |
91 099 €
|
24,02 €
|
| Résultat net d’exploitation |
532 892 €
|
140,53 €
|
BILAN FINANCIER (RÉEL - 2024)
| Revenu de location brut | |
|---|---|
| Annuel | 623 991 € |
| Annuel par m² | 164,56 € |
| Autres revenus | |
|---|---|
| Annuel | - |
| Annuel par m² | - |
| Perte due à la vacance | |
|---|---|
| Annuel | - |
| Annuel par m² | - |
| Revenu brut effectif | |
|---|---|
| Annuel | 623 991 € |
| Annuel par m² | 164,56 € |
| Taxes | |
|---|---|
| Annuel | 73 325 € |
| Annuel par m² | 19,34 € |
| Frais d’exploitation | |
|---|---|
| Annuel | 17 773 € |
| Annuel par m² | 4,69 € |
| Total des frais | |
|---|---|
| Annuel | 91 099 € |
| Annuel par m² | 24,02 € |
| Résultat net d’exploitation | |
|---|---|
| Annuel | 532 892 € |
| Annuel par m² | 140,53 € |
INFORMATIONS SUR L’IMMEUBLE
Type de vente
Investissement ou propriétaire occupant
Condition de vente
Projet de requalification
Type de bien
Surface de l’immeuble
1 231 m²
Classe d’immeuble
B
Année de construction/rénovation
1948/2019
RNE
532 893 €
Pourcentage loué
100 %
Occupation
Multi
Hauteur du bâtiment
2 étages
Surface type par étage
615 m²
Coefficient d’occupation des sols de l’immeuble
0,47
Surface du lot
0,26 ha
Zonage
CR-1, C2-1, and R1 - ±28,297 SF (0.65-acre) flat lot with CR-1, C2-1, and R1 zoning under a TOC Tier 3 designation. General Plan Amendment is in process to upgrade to R-5.
Stationnement
36 places (29,25 places par 1 000 m² loué)
PRINCIPAUX OCCUPANTS
- OCCUPANT
- SECTEUR D’ACTIVITÉ
- m² OCCUPÉS
- LOYER/m²
- FIN DU BAIL
- Soop Sok Music Studio
- Arts, divertissement et loisirs
- -
- -
- -
- Top Properties
- Immobilier
- -
- -
- -
| OCCUPANT | SECTEUR D’ACTIVITÉ | m² OCCUPÉS | LOYER/m² | FIN DU BAIL | ||
| Soop Sok Music Studio | Arts, divertissement et loisirs | - | - | - | ||
| Top Properties | Immobilier | - | - | - |
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Walk Score®
Idéal pour les promeneurs (92)
Transit Score®
Excellent réseau de transport en commun (79)
TAXES FONCIÈRES
| Numéro de parcelle | 5503-008-016 | Évaluation totale | 6 095 249 € (2025) |
| Évaluation du terrain | 5 079 376 € (2025) | Impôts annuels | 73 325 € (59,58 €/m²) |
| Évaluation des aménagements | 1 015 873 € (2025) | Année d’imposition | 2024 |
TAXES FONCIÈRES
Numéro de parcelle
5503-008-016
Évaluation du terrain
5 079 376 € (2025)
Évaluation des aménagements
1 015 873 € (2025)
Évaluation totale
6 095 249 € (2025)
Impôts annuels
73 325 € (59,58 €/m²)
Année d’imposition
2024
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304 S Kingsley Dr | 4070 W 3rd St
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