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    1139 Kingsley Dr Los Angeles, CA 90006

    Sponsored
    For Sale
    $2,450,000

    Prime Koreatown location, 11,800 sq ft lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 11,800 square foot commercial land parcel presents a unique redevelopment opportunity in the heart of Los Angeles' vibrant Koreatown. Currently zoned to allow for 14 units, the property boasts bonus density potential, enabling the construction of a 25-unit development, including three units designated for low-income housing, aligning with Measure JJJ (Tier 2) guidelines. Situated within the Koreatown redevelopment project area, this site benefits from a highly desirable location, offering immediate proximity to the bustling Koreatown Galleria supermarket and retail complex, ensuring convenient access to essential amenities and a thriving commercial environment. The dense demographic profile of the neighborhood guarantees a strong potential tenant base. Furthermore, its strategic placement near the intersection of Olympic Boulevard and Western Avenue provides excellent visibility and convenient access to major transportation arteries. This property offers significant upside potential for investors seeking a high-return development project. Buyers may also explore securing new financing at prevailing market interest rates. The combination of prime location, substantial development potential, and favorable zoning regulations makes this an exceptional investment opportunity in one of Los Angeles' most dynamic and sought-after neighborhoods.

    Property Features for 1139 Kingsley Dr

    General Information

    Property type
    Land

    HighLights

    • 11,800 SF commercial lot in Koreatown, Los Angeles.
    • Walking distance to Koreatown Galleria.
    • Densely populated neighborhood.
    • Excellent visibility at Olympic Blvd & Western Ave intersection.
    • Zoned for 14 units, with bonus density allowing for 25 units (including 3 low‑income units).
    • Financing available at current market rates.
    Property Profile Location Intelligence

    Current Use by Public Records

    Best Internet in Los ... Cable Company

    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
    -118.3033375
    Latitude
    34.0497197

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    FAQs

    What type of property is this?
    Land - Prime Koreatown location, 11,800 sq ft lot.
    Where is this land located?
    The property is located at 1139 Kingsley Dr Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,450,000.
    What are key features of this property?
    This property features: 11,800 SF commercial lot in Koreatown, Los Angeles.; Walking distance to Koreatown Galleria.; Densely populated neighborhood.
    Request Owner's contact information
    1139 Kingsley Dr Los Angeles, CA 90006
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    Los Angeles, CA 90006
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    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
    1139 Kingsley Dr Los Angeles, CA 90006
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