926 N Kingsley Dr — Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Commercial Land
  • Location: Los Angeles, CA 90029

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Description

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 oppo

Market Context

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