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1139 S Kingsley Dr - 1139 - 1145 S Kingsley Drive 0.27 Acres of Commercial Land Offered at $2,500,000 in Los Angeles, CA 90006
Investment Highlights
- 11,800 SF Lot
- Prime Koreatown
- R3 TOC Tier 2
Executive Summary
Prime Koreatown investment opportunity at 1145 S Kingsley Dr with the rare option to acquire the adjacent property at 1139 S Kingsley Dr, creating a combined lot size of approximately 11,800 SF. Zoned R3 with TOC Tier 2 incentives, this offering presents exceptional development and value-add potential in one of the most desirable rental markets in Los Angeles. Properties are situated in the heart of Koreatown, just walking distance to Olympic Blvd, and surrounded by major Korean markets, restaurants, cafes, and everyday amenities. This highly walkable location continues to drive strong tenant demand and long-term appreciation. Ideal for investors and developers seeking to maximize density through TOC incentives, reposition existing improvements, or pursue future redevelopment opportunities (buyer to verify zoning, density, and all development potential with the city). Opportunities like thistwo side-by-side parcels in a prime central Koreatown locationare extremely rare. Do not disturb tenants. Drive-by only. Interior inspection subject to accepted offer.
Property Facts
| Price | $2,500,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.27 AC |
| Property Type | Land | ||
| Zoning | R3-1 - multiple dwelling zone | ||
| Price | $2,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.27 AC |
| Zoning | R3-1 - multiple dwelling zone |
1 Lot Available
Lot
| Price | $2,500,000 | Lot Size | 0.27 AC |
| Price Per AC | $9,228,804.21 |
| Price | $2,500,000 |
| Price Per AC | $9,228,804.21 |
| Lot Size | 0.27 AC |
Prime Koreatown investment opportunity at 1145 S Kingsley Dr with the rare option to acquire the adjacent property at 1139 S Kingsley Dr, creating a combined lot size of approximately 11,800 SF. Zoned R3 with TOC Tier 2 incentives
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Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $406,449 | |
| Land Assessment | $595,361 | Total Assessment | $1,001,810 |
Property Taxes
Parcel Numbers
Land Assessment
$595,361
Improvements Assessment
$406,449
Total Assessment
$1,001,810
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1139 S Kingsley Dr - 1139 - 1145 S Kingsley Drive
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