942 N Kingsley Drive, Los Angeles, California 90029, Los Angeles, 90029 - bed, bath
ACTIVE$1,280,000
942 N Kingsley Drive, Los Angeles, California 90029
0Bed
0Bath
2,622Sqft
9,035Lot
Year Built
1940
Close
-
List price
$1.28M
Original List price
$1.28M
Price/Sqft
$488
HOA
-
Days on market
-
Sold On
-
MLS number
WS25144997
Home ConditionTear down
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.28M(50th), sqft - 2622(33th), beds - undefined(50th), baths - undefined(50th).
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 is responsible for verification of all zoning and building details.
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
Price History
Date
Event
Price
06/27/25
Listing
$1,280,000
Condition Rating
Tear down
Built in 1940, the property's exterior shows severe signs of neglect, including extensive peeling paint, a heavily worn roof, and crumbling porch elements. The listing description explicitly highlights the property's value as a 'development opportunity' and lists 'demolition costs' as a weakness, strongly implying the existing structure is not intended for renovation but rather for removal. Without interior photos, and given the age and exterior condition, it's highly probable the interior is in an unlivable state or requires repairs so extensive that demolition is the most practical and economically viable option for redevelopment.
Pros & Cons
Pros
Exceptional Development Potential: The property boasts a large 9,035 sq. ft. lot with R3-1XL TOC 2 zoning, offering significant multi-unit development opportunities, including 11 units by right, up to 40 units with an ED1 project, 8 ADUs, or small lot condos that avoid SB8 affordable housing requirements.
Prime East Hollywood Location: Situated on a quiet street in East Hollywood, the property is strategically located near highly desirable and vibrant neighborhoods such as Melrose Hills, Los Feliz, Silver Lake, Larchmont Village, and Koreatown.
Excellent Transit Accessibility: The property benefits from superb public transportation access, being less than a mile away from the Vermont/Santa Monica Metro station.
Proximity to Major Attractions & Amenities: Residents or future tenants will enjoy close proximity to iconic Hollywood landmarks like the Walk of Fame, Griffith Observatory, Pantages Theatre, and a diverse array of restaurants.
Vacant Delivery: The property will be delivered vacant, which significantly simplifies the development process or allows for immediate occupancy by a new owner without tenant relocation complexities.
Cons
Extensive Buyer Due Diligence Required: The listing explicitly states that the buyer is responsible for verifying all zoning and building details, indicating potential complexities and significant upfront investigation costs for any development project.
Age of Existing Structure & Demolition Costs: Built in 1940, the existing quadruplex is likely outdated and would require substantial renovation or demolition for any significant redevelopment, adding to the overall project costs.
Complex Development Process: Achieving the maximum unit count (e.g., up to 40 units with an ED1 project or TOC bonuses) will likely involve a complex and potentially lengthy approval process with the city, requiring specialized expertise and significant investment in planning and permits.