1156 N Kingsley Drive, Los Angeles, CA 90029
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
1156 N Kingsley Drive,Los Angeles, CA 90029
$2,200,000
- 0.18 Acres
- Lots / Land
- Active
Listed by:daniel shamooelian
Office:keller williams beverly hills
MLS#:CL25607383
Source:CA_BRIDGEMLS
Price summary
- Price:$2,200,000
About this home
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
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Home facts
- Listing ID #:CL25607383
- Added:1 day(s) ago
- Updated:October 25, 2025 at 04:36 AM
Rooms and interior
- Living area:7,898 sq. ft.
Structure and exterior
- Building area:7,898 sq. ft.
- Lot area:0.18 Acres
Finances and disclosures
- Price:$2,200,000
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