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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… • Last updated Sep 4, 2024 •

MLS# SR24182288 —

This property is listed in more than one place. See it here, and here.

The Building

Year Built:

1928
Year Built Source:

Assessor
New Construction:

No
Entry Level:

1
Common Walls:

2+ Common Walls
Building Area Total:

3199.00
Building Area Units:

Square Feet
# of Buildings:

2
Total Number Of Units:

6
Stories Total:

2
# of Separate Gas Meters:

1
# of Separate Water Meters:

1
# of Separate Electric Meters:

6

Interior

Levels:

Two
Entry Location:

ground
Laundry:

Common Area
Laundry:

1

Location

Directions:

Santa Monica Blvd & Kingsley Dr
Latitude:

34.09195300
Longitude:

-118.30210800

The Property

Property Type:

Residential Income
Subtype:

Apartment
Property Condition:

Fixer
Zoning:

LARD1.5
Lot Features:

Lot 6500-9999
Lot Size Area:

7895.0000
Lot Size Acres:

0.1812
Lot Size SqFt:

7895.00
Lot Size Source:

Assessor
Road Frontage:

City Street
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

1911.20
Tax Lot:

23

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5537015008

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

No
Features:

Curbs, Sidewalks, Storm Drains, Street Lights
Pool:

None
Private Pool:

No
Assessments:

No
Assessments:

None

Parking

Parking Spaces:

4.00
Garage Spaces:

4.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
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

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This multifamily located in Central LA, Los Angeles, CA 90029 is currently for sale for $1,299,999. 1150 N Kingsley Drive is a – square foot multifamily with – beds and – baths that has been on Estately for 79 days. 1150 N Kingsley Drive is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 91, making it a walker’s paradise. This multifamily is in the attendance area of Kingsley Elementary School.

Listing Courtesy of: CRMLS_CA and Keller Williams Realty Calabasas. Based on information from California Regional Multiple Listing Service, Inc. as of 15:23 on Nov 22.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.