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Los Angeles, CA 90029 1150 N Kingsley Drive

$1,350,000

1150 N Kingsley Drive Los Angeles, Ca - Image 11150 N Kingsley Drive Los Angeles, Ca - Image 21150 N Kingsley Drive Los Angeles, Ca - Image 3
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1150 N Kingsley Drive Los Angeles, Ca - Image 4
Presented By: Anie Mayelian with Keller Williams Realty Calabasas; 818-915-9118
  • MLS# SR24045277
  • 03/08/2024
  • Request Tour
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  • BedBeds • 5
  • BathBaths • 7
  • FootageSQFT • 3,199
  • GarageGarage • 4

Home Details

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 $142,800. 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!
Presented By: Anie Mayelian with Keller Williams Realty Calabasas; 818-915-9118

Interior Features for 1150 N Kingsley Drive

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Street SuffixDrive
Total Stories2

Other Rooms

Entry Level1

General for 1150 N Kingsley Drive

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesCurbs, StormDrains, StreetLights, Sidewalks
CountyLos Angeles
Days on Market26
DirectionsSanta Monica Blvd & Kingsley Dr
Electric Expense746.31
Entry Locationground
Fuel Expense800.76
Garage Spaces4.0
Garage Y/NYes
Gross Income112800.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense4000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash
Lot Size Square Feet7895.0
MLS AreaC20 - Hollywood
MaintenanceExpense2880.0
MobileHomeRemainsYNNo
Net Operating Income82913.0
New ConstructionNo
Number of Units Leased2
Operating Expense26502.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property ConditionFixer
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameKingsley
Tax Lot23
Taxes$16,875
Total Units6
Trash Expense0.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1928
Year Built SourceAssessor
ZoningLARD1.5

Exterior for 1150 N Kingsley Drive

Building Area Total3199.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1812
Lot Size Area7895.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters6
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,350,000
MLS#SR24045277
List Date 03/08/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors