Koreatown Property with Redevelopment
304 S Kingsley Dr, Los Angeles, CA
Call to check price and availability
Prime Koreatown location with income and redevelopment opportunities.
Type:OFFICE
Property size:
13,248 SFLot size:
0.65 Acres- Added:
- Oct 1, 2025
- Days on Market:
- 238
- Last Refresh:
- May 19 at 8:42 pm
Property Features for 304 S Kingsley Dr
General Information
- Standard status
- Active
- Size
- 13,248 SF
- Lot size
- 0.65 Acres
- Property subtype
- OFFICE
Listing agent Michael Chang
Listing office Top Properties Corporation (323) 235-5050
Listing date Oct 1, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Top Properties Corporation
HighLights
- Major redevelopment potential: TOC 3 zoning with a General Plan Amendment in process for R5‑1 zoning, potentially allowing up to ± 226 residential units.
- Expanded offering: Includes four properties in Los Angeles, CA.
- Generous lot size: ± 28,297 SF lot with ± 13,248 SF of existing improvements.
- Prime Koreatown location: Situated in a dynamic neighborhood.
- Flexible investment profile: Combines immediate income‑producing operations with long‑term redevelopment potential.
- Attractive pricing: Offered at Best Offer, with seller willing to consider a conservative price.
Overview
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.
Property Profile
Location Intelligence
Current Use by Public Records
Bars & Pubs
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Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.303
- Latitude
- 34.0687
Nearby Similar for Sale
FAQs
What type of property is this?
Bar & Pub - Prime Koreatown location with income and redevelopment opportunities.
Where is this bar & pub located?
The property is located at 304 S Kingsley Dr Los Angeles, CA.
What are key features of this property?
This property features: Major redevelopment potential: TOC 3 zoning with a General Plan Amendment in process for R5‑1 zoning, potentially allowing up to ± 226 residential units.; Expanded offering: Includes four properties in Los Angeles, CA.; Generous lot size: ± 28,297 SF lot with ± 13,248 SF of existing improvements.
