304 S Kingsley Dr Los Angeles, CA 90004

This property, situated in Koreatown, Los Angeles, offers a combination of immediate income-producing operations and long-term redevelopment potential. The expanded offering includes multiple parcels. The property features a generous lot size of approximately 28,297 square feet (0.65 acres) with approximately 13,248 square feet of existing improvements across two buildings. It is currently used as a mixed-use property, housing a long-established karaoke bar and restaurant, which has been in continuous operation for over 30 years, alongside office space. The karaoke bar and restaurant have a strong reputation as a nightlife destination. The business is offered separately and includes goodwill, furniture, fixtures, and equipment. An ABC/CUB liquor license is available to be transferred by the tenant. The landlord is offering a new 5-year lease with a 5-year option. The property is zoned TOC 3, with a General Plan Amendment in process for R5-1 zoning, unlocking major redevelopment potential. There is potential for up to approximately 226 residential units under future R5 entitlement.