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Multifamily Property with Adjacent Parcel Option
For Sale
$1,125,000

3-1139 S Kingsley Dr, Los Angeles, CA 90004

The property carries R3 zoning with TOC Tier 2 incentives.

Property Size2,092 SF
Price / SF$537.76
Days on Market86

Property Features for 3-1139 S Kingsley Dr

General Information

Standard status Active
Size 2,092 SF
Property subtype Residential Income
Zoning R3
Listing Agency: Christie's International Real Estate SoCal
Listed By: John C. Pak · License #01898649
Source: Exprealty
Added: Jun 9 Changed: Aug 30 Last Checked: Aug 31 at 8:03PM

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 Christie's International Real Estate SoCal

Investment Insights

Based on property information with market context.

This multifamily property at 1139 S Kingsley Dr is offered with the option to acquire the adjoining property at 1145 S Kingsley Dr. Together, the two parcels comprise approximately 11, 800 SF. The offering is zoned R3 and includes TOC Tier 2 incentives, subject to buyer verification of zoning, density, and development potential with the city.

Located in Koreatown, the properties are within walking distance of Olympic Blvd and near Korean markets, restaurants, cafes, and everyday amenities. Existing tenants are in place; the properties are available for drive-by viewing only, with interior inspection subject to an accepted offer.

Key Highlights

  • Option to acquire adjacent property at 1145 S Kingsley Dr
  • Combined lot size of approximately 11, 800 SF
  • R3 zoning

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Carpet & Flooring Store Tanning Salon (Bike/Boat/Book/etc) Store Buffet Pet Store & Service Clothing & Fashion Store

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

Location Intelligence

Trade Area within ½ mile

3,305
Businesses Nearby

Demographics for 90004, CA

58,585
Population
26,046
Households
2.2
Avg Household Size
37
Median Age
40%
College-Educated
78%
High-School Grad
3.1 sq mi
ZIP Area
18,898
Density / Sq Mi
$62,655
Median Household Income
$39,359
Median Earnings
$1,752
Median Rent
$1,457,200
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?
Multifamily property - The property carries R3 zoning with TOC Tier 2 incentives.
Where is this multifamily property located?
The property is located at 3-1139 S Kingsley Dr Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Option to acquire adjacent property at 1145 S Kingsley Dr; Combined lot size of approximately 11, 800 SF; R3 zoning
More about this property
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