1139 Kingsley DrLos Angeles, CA 90006

Property Details for 1139 Kingsley Dr

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional 11,800 square foot commercial land parcel presents a unique redevelopment opportunity in the heart of Los Angeles' vibrant Koreatown. Currently zoned to allow for 14 units, the property boasts bonus density potential, enabling the construction of a 25-unit development, including three units designated for low-income housing, aligning with Measure JJJ (Tier 2) guidelines. Situated within the Koreatown redevelopment project area, this site benefits from a highly desirable location, offering immediate proximity to the bustling Koreatown Galleria supermarket and retail complex, ensuring convenient access to essential amenities and a thriving commercial environment. The dense demographic profile of the neighborhood guarantees a strong potential tenant base. Furthermore, its strategic placement near the intersection of Olympic Boulevard and Western Avenue provides excellent visibility and convenient access to major transportation arteries. This property offers significant upside potential for investors seeking a high-return development project. Buyers may also explore securing new financing at prevailing market interest rates. The combination of prime location, substantial development potential, and favorable zoning regulations makes this an exceptional investment opportunity in one of Los Angeles' most dynamic and sought-after neighborhoods.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0497

Longitude

-118.303

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