515 S Kingsley Drive
Los Angeles, CA 90020
- – beds
- – baths
- – sqft
- 11,260 sqft lot
- 1959 build
- – on site
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We are pleased to present 515 South Kingsley Drive, a value add 16-unit apartment building located in the heart of Koreatown. Built in 1959, the property consists of (16) one-bedroom/one-bathroom units. Current rents are approximately 50% under market providing a new investor the opportunity to renovate units and common areas in order to maximize rental income. The property features controlled access, covered parking and an on-site laundry facility. The units feature laminate flooring, air-conditioning and renovated kitchens with new cabinetry and stone countertops (select units). The 12,516 sf building sits on a 11,260 sf lot that is LAR4 zoned. This property can be purchased along with neighboring 501 South Kingsley Drive, 22-units (38-unit portfolio).515 South Kingsley Drive boasts a Walk Score of 93 as it is located just a short walk to trendy coffee shops, cafes, bars, restaurants, and retail along both Wilshire Boulevard and Western Avenue. The property is conveniently located near the 101, 10 and 110 freeways and just a short drive to major job centers such as Hollywood, Century City, Beverly Hills and Downtown LA. The property is also 0.4 miles from the Wilshire/Normandie Metro D Line Station offering a viable public transportation option for eastbound commuters headed to Downtown Los Angeles and westbound commuters headed to Beverly Hills/Century City/Westwood (western route to be completed in phases from 2025-2027).
Last checked:
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Last updated Jul 20, 2024
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MLS# 23335807 —
The Building
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Year Built:1959
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New Construction:No
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Building Area Total:12516.00
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# of Buildings:1
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Total Number Of Units:16
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Stories Total:2
Interior
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Levels:Multi/Split
Location
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Directions:On Kingsley Drive just south of 5th Street.
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Latitude:34.06650900
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Longitude:-118.30158200
The Property
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Property Type:Residential Income
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Zoning:LAR4
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Lot Size Area:11260.0000
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Lot Size Dimensions:75x150
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Lot Size Acres:0.2585
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Lot Size SqFt:11260.00
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Lot Size Source:Other
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5503023016
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:Yes
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Cooling:Wall/Window Unit(s)
Appliances
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Included:Yes
The Community
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Senior Community:No
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Association:No
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Assessments:No
Parking
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Parking:No
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Parking:None
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Parking Spaces:16.00
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).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/19/24
Jul 19, 2024
|
Sold | CRMLS_CA | $2,950,000 | -11.9% |
|
11/29/23
Nov 29, 2023
|
Listed / Active | CRMLS_CA | $3,350,000 |
