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304 S Kingsley Dr 4070 W 3rd St 40 816 pi² 100% Loué Bureau Immeuble Los Angeles, CA 90020 13 959 200 $ CAD (342,00 $ CAD/pi²) 6,21% Taux de capitalisation
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FAITS SAILLANTS DE 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 DE L'ANNONCE
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 (CAD) | ANNUEL PAR pi² (CAD) |
|---|---|---|
| Revenu de location brut |
1 015 022 $
|
24,87 $
|
| Autres revenus |
-
|
-
|
| Perte due à l’inoccupation |
-
|
-
|
| Revenu brut effectif |
1 015 022 $
|
24,87 $
|
| Taxes |
119 276 $
|
2,92 $
|
| Dépenses d’exploitation |
28 911 $
|
0,71 $
|
| Total des dépenses |
148 187 $
|
3,63 $
|
| Revenu net d’exploitation |
866 836 $
|
21,24 $
|
BILAN FINANCIER (RÉEL - 2024)
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | 1 015 022 $ |
| Annuel par pi² | 24,87 $ |
| Autres revenus (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | 1 015 022 $ |
| Annuel par pi² | 24,87 $ |
| Taxes (CAD) | |
|---|---|
| Annuel | 119 276 $ |
| Annuel par pi² | 2,92 $ |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | 28 911 $ |
| Annuel par pi² | 0,71 $ |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | 148 187 $ |
| Annuel par pi² | 3,63 $ |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | 866 836 $ |
| Annuel par pi² | 21,24 $ |
FAITS SUR LA PROPRIÉTÉ
Type de vente
Investissement ou propriétaire utilisateur
Condition de vente
Projet de redéveloppement
Type de propriété
Taille du bâtiment
40 816 pi²
Classe d’immeuble
C
Année de construction
1948
Prix
13 959 200 $ CAD
Prix par pi²
342,00 $ CAD
Taux de capitalisation
6,21%
Revenu net d’exploitation
866 836 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
2 étages
Superficie de plancher typique
20 408 pi²
Coefficient d’occupation des sols de l’immeuble
1,44
Taille du lot
0,65 AC
Zonage
CR-1, C2-1, and R1 - ±28 297 pi² (0,65 acre) de terrain plat avec zonage CR-1, C2-1 et R1 sous une désignation TOC Tier 3. Une modification du plan général est en cours pour passer au zonage R-5.
Stationnement
36 places (0,88 places par 1 000 pi² loué)
PRINCIPAUX LOCATAIRES
- LOCATAIRE
- SECTEUR
- pi² OCCUPÉ
- LOYER/pi²
- FIN DU BAIL
- Soop Sok Music Studio
- Arts, divertissement et loisirs
- -
- -
- -
- Top Properties
- Immobilier
- -
- -
- -
| LOCATAIRE | SECTEUR | pi² OCCUPÉ | LOYER/pi² | FIN DU BAIL | ||
| Soop Sok Music Studio | Arts, divertissement et loisirs | - | - | - | ||
| Top Properties | Immobilier | - | - | - |
1 1
Walk Score®
Un paradis pour un marcheur (92)
Transit Score®
Excellent transport en commun (79)
Impôts fonciers
| Numéro de lot | 5503-008-016 | Évaluation totale | 10 015 627 $ CAD (2025) |
| Évaluation du terrain | 8 346 359 $ CAD (2025) | Impôts annuels | 119 276 $ CAD (2,92 $ CAD/pi²) |
| Évaluation des bâtiments | 1 669 268 $ CAD (2025) | Année d’imposition | 2024 |
Impôts fonciers
Numéro de lot
5503-008-016
Évaluation du terrain
8 346 359 $ CAD (2025)
Évaluation des bâtiments
1 669 268 $ CAD (2025)
Évaluation totale
10 015 627 $ CAD (2025)
Impôts annuels
119 276 $ CAD (2,92 $ CAD/pi²)
Année d’imposition
2024
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304 S Kingsley Dr | 4070 W 3rd St
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