942 N Kingsley Drive, Los Angeles, California 90029, Los Angeles, 90029 - bed, bath
ACTIVE$1,350,000$2,622/sqft
942 N Kingsley Drive, Los Angeles, California 90029
0Bed
0Bath
2,622Sqft
9,035Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Development Potential: Large 9,035 sq. ft. lot with R3-1XL TOC 2 zoning offers significant development opportunities, including multiple units, ADUs, or an ED1 project.
Top Cons:
Buyer Due Diligence: Buyer is responsible for verification of all zoning and building details, potentially requiring additional time and expense.
Compared to the nearby listings
Price:$1.35M vs avg $1.07M (+$281,087.5)67%
Size:2,622 sqft vs avg 2,751.5 sqft50%
Price/sqft:$515 vs avg $43167%
More Insights
Built in 1940 (86 years old).
Condition: The property was built in 1940 and the listing focuses on the lot's development potential, suggesting the existing structure requires substantial repairs or demolition. The images confirm the property is in poor condition. The description mentions development opportunities (units, ADUs, condos), implying the current structure is not the primary asset.
Year Built
1940
Close
-
List price
$1.35M
Original List price
$1.38M
Price/Sqft
$515
HOA
-
Days on market
-
Sold On
-
MLS number
WS24234286
Home ConditionPoor
Features
View-
About this home
This is a great opportunity to develop on a large lot in East Hollywood on a quiet street. Owner occupied and will be delivered vacant. Do not distrub. The lot is near Melrose Hills, Los Feliz, Silver Lake, Larchmont Village, and Koreatown. Nearby spots such as the Hollywood Walk of Fame, the Observatory, Pantages Theatre, and many great restaurants. Less than a mile away from Vermont/Santa Monica Metro station. Many options are possible on this 9,035 sq. ft. lot (R3-1XL TOC 2 zoning). Based on zoning by right, there is an option to build 11 units with more units with TOC bonuses or to build up to 8 ADUs as well. Another available option is creating an ED1 project with the possibility of up to 40 units. Also, this great layout for a small lot project to build condos as well since it will clear SB8 to avoid affordable housing requirements for small lot condos. Buyer responsible for verification of all zoning and building details.
E
EDMOND WU
Listing Agent
Nearby schools
5/10
Kingsley Elementary School
Public,•K-5•0.3mi
3/10
Ramona Elementary School
Public,•K-6•0.3mi
4/10
Alexandria Avenue Elementary School
Public,•K-5•0.7mi
3/10
Harvard Elementary School
Public,•K-5•0.8mi
4/10
Lockwood Avenue Elementary School
Public,•K-6•0.9mi
6/10
Van Ness Avenue Elementary School
Public,•K-5•0.9mi
/10
Lexington Avenue Primary Center
Public,•K-2•0.9mi
6/10
Dayton Heights Elementary School
Public,•K-5•0.9mi
4/10
Grant Elementary School
Public,•K-6•1.0mi
4/10
Frank Del Olmo Elementary School
Public,•K-6•1.2mi
5/10
Cahuenga Elementary School
Public,•K-5•1.2mi
7/10
Los Feliz STEMM Magnet
Public,•K-6•1.2mi
6/10
Charles H. Kim Elementary School
Public,•K-5•1.2mi
7/10
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Public,•K-5•1.2mi
3/10
Joseph Le Conte Middle School
Public,•6-8•1.0mi
5/10
Virgil Middle School
Public,•6-8•1.1mi
6/10
Thomas Starr King Middle School
Public,•6-8•1.4mi
4/10
Young Oak Kim Academy
Public,•6-8•1.8mi
7/10
John Burroughs Middle School
Public,•6-8•2.6mi
4/10
Helen Bernstein High School
Public,•9-12•0.8mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•2.0mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•2.0mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•2.0mi
8/10
John Marshall Senior High School
Public,•9-12•2.0mi
6/10
Hollywood Senior High School
Public,•9-12•2.2mi
3/10
Belmont Senior High School
Public,•9-12•2.9mi
7/10
Fairfax Senior High School
Public,•9-12•3.3mi
Condition Rating
Poor
The property was built in 1940 and the listing focuses on the lot's development potential, suggesting the existing structure requires substantial repairs or demolition. The images confirm the property is in poor condition. The description mentions development opportunities (units, ADUs, condos), implying the current structure is not the primary asset.
Pros & Cons
Pros
Development Potential: Large 9,035 sq. ft. lot with R3-1XL TOC 2 zoning offers significant development opportunities, including multiple units, ADUs, or an ED1 project.
Prime Location: Located in East Hollywood, near Melrose Hills, Los Feliz, Silver Lake, Larchmont Village, and Koreatown, providing access to numerous amenities and attractions.
Transportation Access: Less than a mile from Vermont/Santa Monica Metro station, offering convenient public transportation options.
Cons
Buyer Due Diligence: Buyer is responsible for verification of all zoning and building details, potentially requiring additional time and expense.
Unknown Condition: The property's condition is not explicitly stated, requiring a thorough inspection to assess potential repairs or upgrades.