- $1.9M Price
- .18 Acres
- 70 DOM
1156 N Kingsley Drive
KW Commercial is proud to present for sale a Ready-to-Issue (RTI) 49-unit, 100% affordable housing ED 1 development opportunity in the heart of Hollywood! Situated on a 7,895 SF lot, this five-story project has been thoughtfully designed for maximum efficiency, featuring 48 one-bedroom units and 1 studio for a total of approximately 21,753 rentable square feet. Perfectly positioned less than a mile from the Vermont/Santa Monica Metro Red Line Station and close to premier shopping, dining, and transit options, this location earns a Walk Score of 92 ("Walker's Paradise"). Affordability is at the core of this development, with: 10 units reserved for moderate-income households (110% AMI or below), 38 units reserved for low-income households (80% AMI or below), and 1 market-rate manager's unit. Applicable rent schedules include HCD Schedule VI (for very low and moderate-income units) and TCAC Schedule IX (for low-income units). The site's affordability mix may also appeal to Section 8 voucher tenants, potentially increasing income by up to 20% per unit. Designed with zero parking spaces, this project minimizes construction costs and streamlines development. The vacant lot offers a clear path to construction no tenant relocation or demolition required, allowing you to build immediately. Located within a Qualified Opportunity Zone, investors may benefit from additional tax incentives (buyer to verify). Don't miss this rare opportunity to build a brand-new, fully affordable multifamily community in one of Los Angeles' most dynamic neighborhoods, all at an exceptional value of just $37,000/unit!! Contact the listing agent for additional details and a complete set of approved plans.
Essential Information
- MLS® #25607383
- Price$1,850,000
- Bathrooms0.00
- Acres0.18
- TypeLand
- StatusActive
Community Information
- Address1156 N Kingsley Drive
- AreaC20 - Hollywood
- CityLos Angeles
- CountyLos Angeles
- Zip Code90029
Amenities
- ViewNone
Additional Information
- Date ListedOctober 22nd, 2025
- Days on Market70
- ZoningLARD1.5
Listing Details
- AgentDaniel Shamooelian
- OfficeKeller Williams Beverly Hills
Price Change History for 1156 N Kingsley Drive, Los Angeles, (MLS® #25607383)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $2,200,000 to $1,850,000 |
Daniel Shamooelian, Keller Williams Beverly Hills.
Based on information from California Regional Multiple Listing Service, Inc. as of December 31st, 2025 at 12:16am PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.