# 1156 N Kingsley Dr, Los Angeles, CA 90029

> **TL;DR:** land, $1,650,000. Est. $7,150/mo. Listed 170 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,650,000 |
| Lot Size | 7,897 sqft (0.18 acres) |
| Property Type | Land (Other) |
| Status | For Sale |
| Days on Market | 170 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $7,150 |
| **Total** | **$7,150** |

## Property Highlights

- 0.18 acre lot

## Description

### Agent Description
PRICE REDUCED! Under $34,000 per unit!! 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 under $34,000/unit!! Contact the listing agent for additional details and a complete set of approved plans.

## Location

- **Address:** 1156 N Kingsley Dr, Los Angeles, CA 90029
- **County:** Los Angeles
- **Coordinates:** 34.092228, -118.30211
- **Google Maps:** https://www.google.com/maps?q=34.092228,-118.30211

## Listing Agent

- **Name:** Daniel Shamooelian
- **Brokerage:** Keller Williams Beverly Hills
- **Phone:** 3106511800
- **Email:** daniel@dsrealestate.com

## Primary Photo

![1156 N Kingsley Dr - Primary Photo](http://lh.rdcpix.com/3420b334b989683c3a396eac2c932d75l-f1525678026r.jpg)

*16 total photos available on [listing page](https://www.propertysimple.com/listing/1156-n-kingsley-dr-los-angeles-ca-90029-25607383)*

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**MLS#:** 25607383 | **Updated:** 2026-04-29
**Source:** listhub

*Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1156-n-kingsley-dr-los-angeles-ca-90029-25607383)

---

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