Multi-Family
926 S Kingsley Dr
926 S Kingsley Dr, Los Angeles, CA 90029
Listing Price: $1,050,000
Investment Overview
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.
926 S Kingsley Dr
Investment Highlights
- Seller Financing Available – Attractive seller financing offered with only 30% down, providing buyers with enhanced flexibility and reduced upfront capital requirements.
- Excellent Transit Connectivity – Convenient access to U.S. Highway 101 and the Vermont/Sunset Metro B Line Station, providing seamless access throughout Los Angeles and reducing automobile dependency.
- Prime Vacant Corner Development Site – Vacant corner parcel with no tenant relocation costs or demolition expenses, allowing developers to begin the entitlement & construction process more efficiently
- Adjacent to Los Angeles City College – Located next to Los Angeles City College (LACC), supporting consistent housing demand from students, faculty, and staff.
Exclusively Listed By
Listing Price: $1,050,000
Investment Highlights
- Seller Financing Available – Attractive seller financing offered with only 30% down, providing buyers with enhanced flexibility and reduced upfront capital requirements.
- Excellent Transit Connectivity – Convenient access to U.S. Highway 101 and the Vermont/Sunset Metro B Line Station, providing seamless access throughout Los Angeles and reducing automobile dependency.
- Prime Vacant Corner Development Site – Vacant corner parcel with no tenant relocation costs or demolition expenses, allowing developers to begin the entitlement & construction process more efficiently
- Adjacent to Los Angeles City College – Located next to Los Angeles City College (LACC), supporting consistent housing demand from students, faculty, and staff.
Investment Overview
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.
Exclusively Listed By
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