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1156 N Kingsley Drive, Los Angeles, CA 90029

Property

1156 N Kingsley Drive, Los Angeles, CA 90029 Sold June 2026 CRMLS
$1,320,000Sold June 2026

Listing Agent: Daniel Shamooelian (DRE #01984269) · Listing Office: Keller Williams Beverly Hills · Contact: 310-432-6400 · Bought with: Daniel Shamooelian · Keller Williams Beverly Hills · MLS #25607383 · Source: CRMLS

0
Bathrooms
7,898 sqft
Lot Size
Property
Type

How this sale compares

1156 N Kingsley Drive sold for $1,320,000 in June 2026, 20% under its $1,650,000 list price, after 128 days on the market. It was first listed at $2,200,000. Across 45 closed sales in 90029 over the last 12 months, the median sold price is $1,161,120 and the median is $679 per square foot.

$679
90029 median per sq ft (12 mo)
$1,161,120
90029 median sold price (12 mo)
45
Closed sales in 90029 (12 mo)
128
Days on market
−20%
Sold vs. list price
QuarterClosed sales in 90029Median sold price
Q1 20262$1,250,000
Q2 202622$1,205,000
Q3 202618$1,178,060
Q4 20263$850,000

Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Los Angeles · Homes for sale in 90029

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.

Listing description from the June 2026 sale, as reported to CRMLS.

Sale history

$1,320,000
Sold June 2026 · listed $1,650,000, orig. $2,200,000, on market October 2025, 128 days on market · MLS #25607383 · Source: CRMLS
Listing Agent: Daniel Shamooelian · Listing Office: Keller Williams Beverly Hills · Contact: 310-432-6400 · Bought with: Daniel Shamooelian · Keller Williams Beverly Hills

Recent sales near 1156 N Kingsley Drive

Closed sales reported in 90029, nearest first, last 12 months. All recent sales in Los Angeles →

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Sale history for this address is based on MLS-reported closed transactions provided through CRMLS. Information is deemed reliable but not guaranteed and should be independently verified. Nalren does not provide price estimates or valuations.

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