1156 N Kingsley Drive, Los Angeles, CA 90029
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
1156 N Kingsley Drive,Los Angeles, CA 90029
$1,320,000
- - Acres
- Lots / Land
- Sold
Listed by: daniel shamooelian
Office: keller williams beverly hills310-432-6400
MLS#:25607383
Source:CRMLS
Sorry, we are unable to map this address
Price summary
- Price:$1,320,000
About this home
PRICE REDUCED! Under $34,000 per unit!! KW Commercial is proud to present for sale a Ready-to-Issue (RTI) 49-unit, 100% affordable housing ED 1 development opportunity in the heart of Hollywood! Situated on a 7,895 SF lot, this five-story project has been thoughtfully designed for maximum efficiency, featuring 48 one-bedroom units and 1 studio for a total of approximately 21,753 rentable square feet. Perfectly positioned less than a mile from the Vermont/Santa Monica Metro Red Line Station and close to premier shopping, dining, and transit options, this location earns a Walk Score of 92 ("Walker's Paradise"). Affordability is at the core of this development, with: 10 units reserved for moderate-income households (110% AMI or below), 38 units reserved for low-income households (80% AMI or below), and 1 market-rate manager's unit. Applicable rent schedules include HCD Schedule VI (for very low and moderate-income units) and TCAC Schedule IX (for low-income units). The site's affordability mix may also appeal to Section 8 voucher tenants, potentially increasing income by up to 20% per unit. Designed with zero parking spaces, this project minimizes construction costs and streamlines development. The vacant lot offers a clear path to construction no tenant relocation or demolition required, allowing you to build immediately. Located within a Qualified Opportunity Zone, investors may benefit from additional tax incentives (buyer to verify). Don't miss this rare opportunity to build a brand-new, fully affordable multifamily community in one of Los Angeles' most dynamic neighborhoods, all at an exceptional value of just under $34,000/unit!! Contact the listing agent for additional details and a complete set of approved plans....
Contact an agent
Home facts
- Listing ID #:25607383
- Added:248 day(s) ago
- Updated:June 28, 2026 at 02:28 PM
Finances and disclosures
- Price:$1,320,000
New listings near 1156 N Kingsley Drive
- New
$495,000Active1.11 Acres2133 Outpost Drive, Los Angeles, CA 90036
MLS# 26851127Listed by: THE ONE LUXURY PROPERTIES - New
$430,000Active2 beds 2 baths909 sq. ft.9834 Sepulveda Boulevard #102, North Hills, CA 91343
MLS# 26853351Listed by: AMINUL ISLAM - New
$4,750,000Active3 beds 3 baths2,882 sq. ft.Address Withheld By Seller, Santa Monica, CA 90402
MLS# 26835157Listed by: COLDWELL BANKER REALTY - Open Tue, 11am to 2pmNew
$1,699,999Active3 beds 3 baths2,694 sq. ft.3661 Sunswept Drive, Studio City, CA 91604
MLS# 26851331Listed by: COMPASS - New
$569,999Active2 beds 2 baths1,214 sq. ft.5376 Fairview Boulevard #104, Los Angeles, CA 90056
MLS# 26853321Listed by: COMPASS - New
$610,000Active2 beds 3 baths1,371 sq. ft.15614 Crestview Lane #63, Granada Hills, CA 91344
MLS# SR26140764Listed by: RE/MAX GATEWAY - New
$799,000Active3 beds 3 baths1,520 sq. ft.2974 Ripple Place #203, Los Angeles, CA 90039
MLS# 26851649Listed by: CHASE SKYE REALTY GROUP - New
$1,105,000Active2 beds 2 baths1,407 sq. ft.10520 Wilshire Boulevard #701, Los Angeles, CA 90024
MLS# 26853049Listed by: THE AGENCY - New
$799,000Active-- beds -- baths8217 Broadway Street, Los Angeles, CA 90003
MLS# DW26139700Listed by: FIRST FAMILY HOMES - New
$750,000Active2 beds -- baths2,976 sq. ft.724 E 32nd Street, Los Angeles, CA 90011
MLS# CL26853081Listed by: KELLER WILLIAMS LOS ANGELES