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926 N Kingsley Dr
Los Angeles, CA 90029
Unentitled Vacant Land · Land For Sale
·
0.21 AC
Investment Highlights
- Seller Financing Available
- Surrounded by Major Medical Employers
- Adjacent to Los Angeles City College
- Excellent Transit Connectivity
- Prime Vacant Corner Development Site
- Located Within a Transforming Growth Corridor
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire a vacant development site located at 926 N Kingsley Dr, Los Angeles, California 90029, zoned R3-1XL. Situated in the highly sought-after East Hollywood neighborhood, the property consists of an approximately 8,684-square-foot (0.20-acre) corner lot and offers developers a rare opportunity to build in one of Los Angeles' most supply-constrained rental markets.
The site is designated Transit Oriented Communities (TOC) Tier 2 and is ED1 eligible, providing the potential to streamline project approvals while benefiting from meaningful development incentives. Zoned R3-1XL with a 60% Density Bonus increase, the property is designated Medium Residential under the Hollywood Community Plan, offering significant multifamily development potential. Unlike many infill opportunities throughout Los Angeles, the property is
delivered entirely vacant, eliminating costly tenant relocation obligations
and demolition expenses while allowing a developer to immediately
pursue entitlements and construction.
Ideally positioned adjacent to Los Angeles City College and within
minutes of major healthcare institutions including Kaiser Permanente
Los Angeles Medical Center, Children's Hospital Los Angeles,
Hollywood Presbyterian Medical Center, and Southern California
Hospital at Hollywood, the property benefits from a deep and diverse
tenant base supported by higher education, healthcare, and
entertainment employment centers.
The location also provides exceptional connectivity with convenient
access to the 101 Freeway and is centrally located near Silver Lake, Los
Feliz, Koreatown, and Hollywood. Residents will enjoy walkable access
to an abundance of restaurants, cafés, retail destinations, nightlife, and
public transportation, making the property an attractive destination for
future renters.
Offered with seller financing available at only 30% down, 926 N
Kingsley Drive presents investors and developers with a compelling
opportunity to capitalize on one of Los Angeles' strongest multifamily
development corridors while benefiting from flexible acquisition terms.
The site is designated Transit Oriented Communities (TOC) Tier 2 and is ED1 eligible, providing the potential to streamline project approvals while benefiting from meaningful development incentives. Zoned R3-1XL with a 60% Density Bonus increase, the property is designated Medium Residential under the Hollywood Community Plan, offering significant multifamily development potential. Unlike many infill opportunities throughout Los Angeles, the property is
delivered entirely vacant, eliminating costly tenant relocation obligations
and demolition expenses while allowing a developer to immediately
pursue entitlements and construction.
Ideally positioned adjacent to Los Angeles City College and within
minutes of major healthcare institutions including Kaiser Permanente
Los Angeles Medical Center, Children's Hospital Los Angeles,
Hollywood Presbyterian Medical Center, and Southern California
Hospital at Hollywood, the property benefits from a deep and diverse
tenant base supported by higher education, healthcare, and
entertainment employment centers.
The location also provides exceptional connectivity with convenient
access to the 101 Freeway and is centrally located near Silver Lake, Los
Feliz, Koreatown, and Hollywood. Residents will enjoy walkable access
to an abundance of restaurants, cafés, retail destinations, nightlife, and
public transportation, making the property an attractive destination for
future renters.
Offered with seller financing available at only 30% down, 926 N
Kingsley Drive presents investors and developers with a compelling
opportunity to capitalize on one of Los Angeles' strongest multifamily
development corridors while benefiting from flexible acquisition terms.
Property Facts
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Build to Suit | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.21 AC |
| Property Type | Land | ||
| Zoning | R3-1XL - Residential | ||
| Sale Type | Investment |
| Sale Condition | Build to Suit |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.21 AC |
| Zoning | R3-1XL - Residential |
1 Lot Available
Lot
| Price | $1,475,565 CAD | Lot Size | 0.21 AC |
| Price Per AC | $7,128,333.44 CAD |
| Price | $1,475,565 CAD |
| Price Per AC | $7,128,333.44 CAD |
| Lot Size | 0.21 AC |
Zoning R3-1XL Lot Size 8,684 SF (0.20 Acres) Transit Oriented Communities (TOC) Tier 2 ED1 Eligibility Eligible Site Density R-3 with 60% Density Bonus Increase
Description
The land spans two parcels totaling 17,718 sq. ft. in East Hollywood and is zoned R3-1XL, suitable for multifamily housing. It is situated near Santa Monica Boulevard and Highway 101, offering proximity to regional transportation routes. Approved RTI plans are in place for a new 37-unit residential development.
Property Taxes
| Parcel Number | 5537-024-021 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,826,890 CAD | Total Assessment | $1,826,890 CAD |
Property Taxes
Parcel Number
5537-024-021
Land Assessment
$1,826,890 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,826,890 CAD
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