Prime Koreatown Investment Opportunity in Los Angeles!

This 2,092 SF multifamily property at 1139 S Kingsley Dr #3 offers strong investment, value-add, and redevelopment potential in the heart of Koreatown. The property features 2 bedrooms and 3 bathrooms, assigned parking, and a 5,902 SF lot in one of Los Angeles’ most desirable rental markets.

A rare opportunity is available to acquire the adjacent property at 1145 S Kingsley Dr, creating a combined lot size of approximately 11,800 SF. Zoned R3/LAR3 with TOC Tier 2 incentives, this offering presents exceptional potential for investors and developers seeking to maximize density, reposition existing improvements, or explore future redevelopment opportunities.

Located within walking distance to Olympic Blvd and surrounded by Korean markets, restaurants, cafes, retail, and everyday amenities, the property benefits from excellent walkability, strong tenant demand, and long-term appreciation potential.

Buyer to verify zoning, density, permits, land use, and all development potential with the city. Do not disturb tenants. Drive-by only. Interior inspection subject to accepted offer.

🌟 Highlights

• Prime Koreatown multifamily investment opportunity

• Property size: 2,092 SF

• 2 bedrooms and 3 bathrooms

• Built in 1924

• Lot size: 5,902 SF

• Zoning: LAR3 / R3

• TOC Tier 2 incentive area

• APN: 5080026008

• Assigned parking available

• Rare option to acquire adjacent 1145 S Kingsley Dr

• Combined lot potential of approximately 11,800 SF with adjacent parcel

• Strong value-add and redevelopment potential

• Excellent walkability near Olympic Blvd, markets, restaurants, cafes, and amenities

• Ideal for investors and developers seeking long-term upside

• price $1,250,000
• status commercial featured
• state CA
• country US
• property type Residential Income
• area 2092
• address 1139 S Kingsley Dr #3
• city Los Angeles
• zip code 90006
• property ID 26845495

• Units 2
• bathrooms 3