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926 N Kingsley Dr - Unentitled Vacant Land Lot • Résidentiel • 0,21 Acres • 1 475 565 $ CAD • Los Angeles, CA 90029
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Faits saillants de l'investissement
- 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
Résumé de l'annonce
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.
Faits sur la propriété
| Prix | 1 475 565 $ CAD | Type de propriété | Terrain |
| Type de vente | Investissement | Sous-type de propriété | Résidentiel |
| Condition de vente | Construction sur mesure | Utilisation proposée | Multi-résidentiel |
| Nombre de lots | 1 | Taille totale du lot | 0,21 AC |
| Zonage | R3-1XL - Residential | ||
| Prix | 1 475 565 $ CAD |
| Type de vente | Investissement |
| Condition de vente | Construction sur mesure |
| Nombre de lots | 1 |
| Type de propriété | Terrain |
| Sous-type de propriété | Résidentiel |
| Utilisation proposée | Multi-résidentiel |
| Taille totale du lot | 0,21 AC |
| Zonage | R3-1XL - Residential |
1 Lot disponible
Lot
| Prix | 1 475 565 $ CAD | Taille du lot | 0,21 AC |
| Prix par AC | 7 128 333,44 $ CAD |
| Prix | 1 475 565 $ CAD |
| Prix par AC | 7 128 333,44 $ CAD |
| Taille du lot | 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.
1 1
Moyennement accessible à pied
70/100
Très bien adapté aux voitures
80/100
Bons transports en commun
70/100
Plutôt accessible en vélo
40/100
Impôts fonciers
| Numéro de lot | 5537-024-021 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 1 826 890 $ CAD | Évaluation totale | 1 826 890 $ CAD |
Impôts fonciers
Numéro de lot
5537-024-021
Évaluation du terrain
1 826 890 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
1 826 890 $ CAD
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926 N Kingsley Dr - Unentitled Vacant Land
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