Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1156 N Kingsley Dr Los Angeles, CA 90029

    For Sale
    $1,850,000

    LAND - Los Angeles, CA

    Lot size:
    0.18 Acres
    Days on Market:
    35
    Last Refresh:
    Dec 10 at 1:06 am

    Property Features for 1156 N Kingsley Dr

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    LARD1.5
    APN
    5537-015-006
    Lot size
    0.18 Acres

    KELLER WILLIAMS BEVERLY HILLS REALTY (310) 432-6400 [email protected]

    Listing agent Daniel Shamooelian (310) 432-6400 License #01984269

    Listing date Nov 6, 2025

    Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ready-to-Issue Affordable Housing Development

    This is a Ready-to-Issue (RTI) 49-unit, 100% affordable housing development opportunity located in Hollywood. The five-story project is situated on a 7,895 square foot lot and features 48 one-bedroom units and 1 studio, totaling approximately 21,753 rentable square feet. The location is less than a mile from the Vermont/Santa Monica Metro Red Line Station and close to shopping, dining, and transit options, resulting in a Walk Score of 92. The development includes 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. Designed with zero parking spaces, this project minimizes construction costs and streamlines development. The vacant lot offers a clear path to construction with no tenant relocation or demolition required. Located within a Qualified Opportunity Zone, investors may benefit from additional tax incentives. The property is zoned LARD1.5.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.30211
    Latitude
    34.092228

    Nearby Similar for Sale

    • $3,099,999
      6,845 SF

      New Construction Fourplex in Mid-City

      Fully leased, high-end fourplex in a desirable Los Angeles location.
      1638 Longwood Ave, Los Angeles, CA 90019
      View Details
    • $1,779,000
      5,218 SF

      New Triplex in Central Los Angeles

      Contemporary triplex near freeways, stadiums, and arenas.
      232 E Gage Ave, Los Angeles, CA 90003
      View Details
    • $1,700,000
      4,631 SF

      Renovated Multifamily Investment Opportunity

      Fully leased, renovated multifamily property in East LA with high cap rate.
      930 Fraser Ave, Los Angeles, CA 90022
      View Details
    • New
      $1,899,000
      3,896 SF

      Remodeled Fourplex in Hollywood Submarket

      Renovated fourplex near LACC, fully leased with stable income.
      801 N Alexandria Ave, Los Angeles, CA 90029
      View Details
    • $2,799,000
      7,961 SF

      Los Angeles Quadruplex New Construction

      Modern 4-unit property in prime Los Angeles location.
      300 E 25Th St, Los Angeles, CA 90011
      View Details
    • $2,395,000
      5,927 SF

      Contemporary Fourplex Near Downtown Los Angeles

      Fourplex with modern amenities, ample parking, and convenient location.
      1348 E Vernon Ave, Los Angeles, CA 90011
      View Details

    FAQs

    What type of property is this?
    Apartment building - RTI 49-unit affordable housing development opportunity in Hollywood.
    Where is this apartment building located?
    The property is located at 1156 N Kingsley Dr Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: - Ready-to-Issue (RTI) permits for a 49-unit affordable housing development, allowing for immediate construction.; - Prime Hollywood location with a Walk Score of 92, near the Vermont/Santa Monica Metro Red Line Station, shopping, dining, and transit.; - 100% affordable housing project with a mix of moderate and low-income units, potentially appealing to Section 8 voucher tenants.
    (310) 432-6400
    Request Owner's contact information
    1156 N Kingsley Dr Los Angeles, CA 90029
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1156 N Kingsley Dr
    Los Angeles, CA 90029
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1156 N Kingsley Dr Los Angeles, CA 90029
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.