About 1139 S Kingsley Drive # 3
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.
Features of 1139 S Kingsley Drive # 3
| MLS® # | 26845495 |
|---|---|
| Price | $1,125,000 |
| Bedrooms | 5 |
| Bathrooms | 4.00 |
| Square Footage | 2,092 |
| Lot Size | 5,902 |
| Year Built | 1924 |
| Type | Residential Income |
| Status | Active |
| # Of Units | 3 |
Community Information
| Address | 1139 S Kingsley Drive # 3 |
|---|---|
| Area | C17 - Mid-Wilshire |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90006 |
Amenities
| Parking | Assigned |
|---|---|
| Garages | Assigned |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| Stories | One |
Additional Information
| Date Listed | June 9th, 2026 |
|---|---|
| Days on Market | 92 |
| Zoning | LAR3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | John C. Pak |
|---|---|
| Office | Christie's International Real Estate SoCal |