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19-Unit Apartment Development Opportunity
For Sale
Contact for pricing
Pending

355 S Kingsley Dr, Los Angeles, CA 90020

New 5-story development with 19 units, basement parking, and a unit mix of 2- and 3-bedroom layouts.

Property Size15,400 SF
Days on Market122

Property Features for 355 S Kingsley Dr

General Information

Standard status Pending
Size 15,400 SF
Total Parking Spaces 22
Property subtype Retail

Additional Details

Multifamily Units 19

Building Details

Stories 5
Listing Agency: KW Commercial Calabasas
Listed By: Anie Mayelian · License #CA 00778825
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Aug 9 at 9:56AM

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 KW Commercial Calabasas

Investment Insights

Based on property information with market context.

This is a for-sale, ready-to-issue development project for a 19-unit multifamily building with no existing structures on the lot. The planned five-story construction includes one level of basement parking and will provide 22 parking spaces. The unit mix includes seventeen 2-bedroom, 2-bath apartments and two 3-bedroom, 2-bath units. The project is described as having approximately 15,400 rentable living area, with apartment sizes ranging from 728 SF to 1,110 SF.

The property is located on the corner of 4th and Kingsley and is described as conveniently near the Wilshire/Western Metro Subway Station, with surrounding access to the Koreatown, Silver Lake, Hollywood, and Downtown areas. The project also includes income-restricted components, with one Extremely Low Income unit and two Very Low Income units.

Key Highlights

  • 19‑unit, 5‑story non rent controlled development project on the corner of 4th and Kingsley
  • Unit mix includes seventeen 2 bed/2 bath units and two 3 bed/2 bath units
  • Planned rentable/living area of approximately 15,400 SF; unit sizes range from 728 SF to 1,110 SF

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Carpet & Flooring Store Veterinary Clinic Tanning Salon Buffet (Bike/Boat/Book/etc) Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

19
Residential units

Location Intelligence

Trade Area within ½ mile

8,707
Businesses Nearby

Demographics for 90020, CA

38,694
Population
19,119
Households
2
Avg Household Size
37
Median Age
46%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
35,176
Density / Sq Mi
$55,832
Median Household Income
$37,718
Median Earnings
$1,734
Median Rent
$826,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - New 5-story development with 19 units, basement parking, and a unit mix of 2- and 3-bedroom layouts.
Where is this apartment building located?
The property is located at 355 S Kingsley Dr Los Angeles, CA.
What are key features of this property?
This property features: 19‑unit, 5‑story non rent controlled development project on the corner of 4th and Kingsley; Unit mix includes seventeen 2 bed/2 bath units and two 3 bed/2 bath units; Planned rentable/living area of approximately 15,400 SF; unit sizes range from 728 SF to 1,110 SF
(818) 915-9118 Call to check price and availability
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