$1,125,000
About this home
Prime Koreatown investment opportunity at 1139 S Kingsley Dr with the rare option to acquire the adjacent property at 1145 S Kingsley Dr, creating a combined lot size of approximately 11,800 SF. Zoned R3 with TOC Tier 2 incentives, this offering presents exceptional development and value-add potential in one of the most desirable rental markets in Los Angeles. Properties are situated in the heart of Koreatown, just walking distance to Olympic Blvd, and surrounded by major Korean markets, restaurants, cafes, and everyday amenities. This highly walkable location continues to drive strong tenant demand and long-term appreciation. Ideal for investors and developers seeking to maximize density through TOC incentives, reposition existing improvements, or pursue future redevelopment opportunities (buyer to verify zoning, density, and all development potential with the city). Opportunities like thistwo side-by-side parcels in a prime central Koreatown locationare extremely rare. Do not disturb tenants. Drive-by only. Interior inspection subject to accepted offer.
Facts & features
- Bedrooms
- 2
- Bathrooms
- 0 full, 0 half
- Living area
- 2,092 sq ft
- Levels
- One
- Lot size
- 0.136 acres (5,902 sq ft)
- Year built
- 1924
- Parking
- Assigned
- Area
- C 17 - Mid-Wilshire
- County
- Los Angeles
- Status
- Active
- Property type
- Residential Income
- Days on market
- 35
- Listed
- 2026-06-09
- Original price
- $1,250,000
- Parcel #
- 5080026008
- MLS #
- 26845495
