1139 S Kingsley Dr #3, Los Angeles, CA, 90006
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.
Getting Around
Walker's Paradise
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1924
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Range/Oven
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 3
Heating & Cooling
- Heating features: Other
- Cooling features: Other
Interior Area
- Total structure area: 2,092
- Total interior livable area: 2,092 sqft
Property
Details
- Parcel number: 5080026008
- Zoning: LAR3
- Special condition: Standard
Features
- Levels: One
Lot
- Lot size: 5,902 sqft
Parking
- Parking features: Assigned
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,688 | $68,256 |
| Home Insurance * | $255 | $3,060 |
| Property Taxes | $628 | $7,536 |
| Electricity | $448 | $5,383 |
| Total | $7,019 | $84,228 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-15 | Price change | $1,125,000 |
| 2026-06-10 | Listed for sale | $1,250,000 |
For Sale by Agent
View on Zillow