1150 N Kingsley Drive
Los Angeles, CA 90029
- – beds
- – baths
- – sqft
- 7,895 sqft lot
- 1928 build
- – on site
We are pleased to present the opportunity to acquire a fixer 6 unit apartment building in East Hollywood! 4 of the 6 units will be delivered VACANT and present the ideal situation for a buyer to remodel and renovate the vacant units right away! The building consists of 2 structures--the front building consists of 5 units and the back building consists of 1 unit. ALL the units are in a heavy fixer condition. There are also 4 detached garages in the back lot, which can be converted to one or more ADUs. The spacious +/- 7,895 sq. ft. lot. also presents the opportunity to build additional ADUs on the lot. Upon renovating and repositioning the units, the buyer can realize annual rental income of at least $175,200. Located in an Opportunity Zone, the building could provide potential tax benefits for a buyer! The buyer also has the option to revise the unit interior floor plans to maximize revenue. Given the building's central location in the bustling rental Hollywood rental market and close to Virgil Village, Melrose Hill, and the numerous establishments across Santa Monica Blvd., this is a value-add investment not to be missed!
Listed By CRMLS_CA / Anie Mayelian / Keller Williams Realty Calabasas / 818-915-9118
Last checked:
Checking…
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Last updated Sep 4, 2024
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MLS# SR24182288 —
This property is listed in more than one place. See it here, and here.
The Building
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Year Built:1928
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Year Built Source:Assessor
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New Construction:No
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Entry Level:1
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Common Walls:2+ Common Walls
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Building Area Total:3199.00
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Building Area Units:Square Feet
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# of Buildings:2
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Total Number Of Units:6
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Stories Total:2
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# of Separate Gas Meters:1
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# of Separate Water Meters:1
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# of Separate Electric Meters:6
Interior
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Levels:Two
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Entry Location:ground
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Laundry:Common Area
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Laundry:1
Location
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Directions:Santa Monica Blvd & Kingsley Dr
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Latitude:34.09195300
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Longitude:-118.30210800
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Property Condition:Fixer
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Zoning:LARD1.5
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Lot Features:Lot 6500-9999
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Lot Size Area:7895.0000
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Lot Size Acres:0.1812
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Lot Size SqFt:7895.00
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Lot Size Source:Assessor
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Road Frontage:City Street
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Road Surface Type:Paved
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:1911.20
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Tax Lot:23
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5537015008
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Senior Community:No
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Features:Curbs, Sidewalks, Storm Drains, Street Lights
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Pool:None
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Private Pool:No
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Assessments:No
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Assessments:None
Parking
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Parking Spaces:4.00
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Garage Spaces:4.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
9/4/24
Sep 4, 2024
|
Listed / Active | CRMLS_CA | $1,299,999 | |
3/8/24
Mar 8, 2024
|
Listed / Active | CRMLS_CA | ||
2/24/21
Feb 24, 2021
|
Listed / Active | CRMLS_CA |