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1021 S Kingsley Dr Los Angeles, CA 90006

$1,370,000 Sold Price as of 01/22/2020

8 Beds
6 Baths
3,672 Sq.Ft.

Sold

$1,370,000 Sold Price as of 01/22/2020 Refinance Your Mortgage

Map preview of 1021 S Kingsley Dr, Los Angeles, CA 90006

Property Overview: 1021 S Kingsley Dr Los Angeles, CA has 8 bedrooms, 6 bathrooms, 3,672 living square feet and 5,900 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The subject property is a six (6) unit apartment building located in Koreatown. The property is fully occupied and consists of five (5) 1 Bedroom/1 Bathroom units and one (1) 2 Bedroom/1 Bathroom unit. The building was built in 1958 and is 3,672 square feet and sits on a 5,900 square foot lot that is zoned R4. The property is adjacent to many new developments in Koreatown. There are six (6) parking spaces on-site, two of which are covered spaces. The property is master-metered for all utilities. It is located in an opportunity zone and has significant rental upside in a strong rental market.

Listed by John Cleator | BRE #01951437 | James Capital Advisors, Inc.
Co-listed by William James | BRE #01734419 | Lyon Stahl Investment Real Estate, Inc.

Last checked: 7 minutes ago | Last updated: May 10th, 2022 | Source CRMLS | DOM: 58

Home details

Lot Sq. Ft: 5,900
HOA Dues: $0/mo
Year built: 1958
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19532538
City: Los Angeles
County: Los Angeles
Time on Site: 1267 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 6
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $715
Total Rent: $1,800
Pro Forma/Market Rent: $21,600

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $704
Total Rent: $1,800
Pro Forma/Market Rent: $21,600

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,060
Total Rent: $1,800
Pro Forma/Market Rent: $21,600

Unit Breakdown 4

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $999
Total Rent: $2,100
Pro Forma/Market Rent: $25,200

Unit Breakdown 5

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $942
Total Rent: $1,800
Pro Forma/Market Rent: $21,600

Unit Breakdown 6

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $692
Total Rent: $1,800
Pro Forma/Market Rent: $21,600

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 24.45
Gross Scheduled Income: --
Net Operating Income: $25,468
Gross Operating Income: $61,335

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1021 S Kingsley Dr

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 6
Has Parking
Parking Features: Covered

Property Information

Total # of Units: 6
Parcel Number: 5080025004

Location / Neighborhood

Location Information

Directions: The subject property is located in central Koreatown in an Opportunity Zone just three parcels south of Olympic Boulevard and in between Western Avenue and Normandie Avenue. The property is walking distance to many restaurants and shops in Koreatown and offers easy access to the 10 and 110 Freeways as well as nearby public transportation.

View more facts & features

Local Los Angeles Agent

Sale History for 1021 S Kingsley Dr

Last sold for $1,370,000 on January 22nd, 2020

January, 2020
Jan 23, 2020

Date

Sold

CRMLS: 19532538

$1,370,000

Price
Jan 20, 2020

Date

Active Under Contract

CRMLS: 19532538

$1,500,000

Price
Nov 25, 2019

Date

Active

CRMLS: 19532538

$1,500,000

Price
January, 2020
Jan 21, 2020

Date

Sold (Public Records)

Public Records

$1,370,000

Price
May, 2019
May 21, 2019

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1021 S Kingsley Dr

Assessed Value (2020): $1,061,207

Year	Land Value	Improved Value	Assessed Value
2020	$742,845	$318,362	$1,061,207

Home Value Compared to the Market

This property vs the competition

1021 S Kingsley Dr sold on January 22, 2020 for 32.74% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $408.5 per/sqft which puts the price per square foot 45.82% lower than the current median sale per square foot for the city of Los Angeles.

About 1021 S Kingsley Dr

Detailed summary of property

1021 S Kingsley Dr is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 8 bedrooms, 6 bathrooms, roughly 3,672 living square feet, and sits on an approximately 5,900 square foot lot. 1021 S Kingsley Dr was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,370,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 32.74% higher than the current median priced home. Local homes that are currently for sale include 2201 Cambridge St, 1662 S Harvard Blvd and 1678 Roosevelt Ave. While the average home in Los Angeles, CA is selling in 99 days, 1021 S Kingsley Dr has a days on market of 58 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 1021 S Kingsley Dr Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1021 S Kingsley Dr

Public county record property details

Beds: 7
Baths: 7
Year built: 1958
Sq. Ft.: 3,672
Lot Size: 5,900
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 5
APN: 5080-025-004

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$799,000

Median List Price/Sq.Ft.

$604

Median Sold Price

$299,000

Median Sold Price/Sq.Ft.

$650

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.