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1054 N Kingsley Dr, Los Angeles, CA 90029
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1054 N Kingsley Dr Los Angeles, CA 90029

$1,290,000 Sold Price as of 07/05/2019
  • 9 Beds
  • 4 Baths
  • 3,867 Sq.Ft.
Sold
$1,290,000 Sold Price as of 07/05/2019 Refinance Your Mortgage
Map preview of 1054 N Kingsley Dr, Los Angeles, CA 90029

Property Overview: 1054 N Kingsley Dr Los Angeles, CA has 9 bedrooms, 4 bathrooms, 3,867 living square feet and 9,164 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: OPPORTUNITY AWAITS! Future Development in the Untouchable area of Hollywood. Zoning of subject property allows for up to 18 units to be built. Property currently holds 5 Units in an Extremely Hot East Hollywood area. Two of the Five units do not apply to LA Rent Control or the LA Rent Control Freeze as they were built in 2004. Amazing unit count, three (3) units are 2/1s, one (1) unit is 1/1, and then one (1) 3/1. Adjusting rents on the two non rent control units and renting out the 1/1 for market price will allow this property to have a Cap Rate of 5% and a GRM of 14.2. This property will provide a higher then normal rental income, while plans are drawn for the future development of THE 18 UNITS. Buyer and buyers agent to verify and certify all information provided. This will go quickly, call for more information, seller is extremely motivated! Free Property Management of 2 months provided to buyer curtsey of seller.

Listed by Emmanuel Gamboa | BRE #02041836 | Century 21 Allstars
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 36

Home details

Lot Sq. Ft
9,164
HOA Dues
$0/mo
Year built
1920
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
DW19106604
City
Los Angeles
County
Los Angeles
Time on Site
1345 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 3
  • # of Electric Meters: 5
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,296
  • Total Rent: $1,296
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,648
  • Total Rent: $1,648
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,326
  • Total Rent: $1,326
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $67,200
  • Net Operating Income: $23,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $44,200
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $20,625
  • Trash: $1,140
  • Insurance: $1,800
  • Professional Management: $0
  • Water/Sewer: $2,340

Property Details for 1054 N Kingsley Dr

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
Lot Information
  • Lot Features: 0-1 Unit/Acre
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5537019007
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Right off Santa Monica Blvd
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1054 N Kingsley Dr

Last sold for $1,290,000 on July 5th, 2019

  • September, 2021

  • Sep 17, 2021

    Date

    Active

    CRMLS: 21785016

    $1,700,000

    Price

  • Listing provided courtesy of CRMLS

    HUGE PRICE REDUCTION FROM $2,000,000 TO $1,700,000!!! SVN is proud to present A MULTIFAMILY DEVELOPMENT OPPORTUNITY located in East Hollywood (90029), one of the most dynamic Los Angeles neighborhoods in which a developer is poised to take advantage of extremely high demand for residential rental units and the Tier 3 bonus development under the TOC guidelines (Buyer to confirm). In close proximity to nearby studios, entertainment entities/employers, bars, restaurants, and neighborhood amenities as well as 1.5+ million square feet of offices and production space in the area that Netflix is expecting to lease (or has leased), including 100,000 square feet of offices on a campus in development previously owned by the Musician's Union of Hollywood at 817 Vine St. Potential Development of up 23 Units (TOC Tier 3 - Buyer to verify). Current improvement is a 3,867 SF multifamily property that consists of 4 units that are occupied and is currently generating an annual gross income of $73,000.

  • May, 2020

  • May 21, 2020

    Date

    Canceled

    CRMLS: 19520180

    $1,600,000

    Price

  • May 20, 2020

    Date

    Withdrawn

    CRMLS: 19520180

    $1,600,000

    Price

  • Feb 27, 2020

    Date

    Price Change

    CRMLS: 19520180

    $1,600,000

    Price

  • Jan 31, 2020

    Date

    Price Change

    CRMLS: 19520180

    $1,800,000

    Price

  • Dec 11, 2019

    Date

    Price Change

    CRMLS: 19520180

    $2,000,000

    Price

  • Oct 21, 2019

    Date

    Withdrawn

    CRMLS: 19520180

    $1

    Price

  • Oct 14, 2019

    Date

    Active

    CRMLS: 19520180

    $1

    Price

  • Listing provided courtesy of CRMLS

    HUGE PRICE REDUCTION FROM $2,000,000 TO $1,600,000!!! SVN is proud to present A MULTIFAMILY DEVELOPMENT OPPORTUNITY located in East Hollywood (90029), one of the most dynamic Los Angeles neighborhoods in which a developer is poised to take advantage of extremely high demand for residential rental units and the Tier 3 bonus development under the TOC guidelines (Buyer to confirm). In close proximity to nearby studios, entertainment entities/employers, bars, restaurants, and neighborhood amenities as well as 1.5+ million square feet of offices and production space in the area that Netflix is expecting to lease (or has leased), including 100,000 square feet of offices on a campus in development previously owned by the Musician's Union of Hollywood at 817 Vine St. Potential Development of up 23 Units (TOC Tier 3 - Buyer to verify). Current improvement is a 3,867 SF multifamily property that consists of 4 units that are occupied and is currently generating an annual gross income of $73,000.

  • July, 2019

  • Jul 8, 2019

    Date

    Sold

    CRMLS: DW19106604

    $1,290,000

    Price

  • Jun 22, 2019

    Date

    Pending

    CRMLS: DW19106604

    $1,250,000

    Price

  • Jun 11, 2019

    Date

    Price Change

    CRMLS: DW19106604

    $1,250,000

    Price

  • May 21, 2019

    Date

    Price Change

    CRMLS: DW19106604

    $1,500,000

    Price

  • May 8, 2019

    Date

    Active

    CRMLS: DW19106604

    $1,650,000

    Price

  • July, 2019

  • Jul 3, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,290,000

    Price

  • July, 2008

  • Jul 24, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1054 N Kingsley Dr

Assessed Value (2020): $1,290,000
Year Land Value Improved Value Assessed Value
2020 $900,000 $390,000 $1,290,000

Home Value Compared to the Market

This property vs the competition

1054 N Kingsley Dr sold on July 5, 2019 for 11.61% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $323.25 per/sqft which puts the price per square foot 55.35% lower than the current median sale per square foot for the city of Los Angeles.

About 1054 N Kingsley Dr

Detailed summary of property

1054 N Kingsley Dr is a multi family that recently sold in Los Angeles, CA 90029. This multi family property offered 9 bedrooms, 4 bathrooms, roughly 3,867 living square feet, and sits on an approximately 9,164 square foot lot. 1054 N Kingsley Dr was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,290,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 11.61% higher than the current median priced home. Local homes that are currently for sale include 534 N Serrano Ave, 5415 Monroe St and 1606 N Kingsley Dr. While the average home in Los Angeles, CA is selling in 106 days, 1054 N Kingsley Dr has a days on market of 36 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1054 N Kingsley Dr Los Angeles, CA 90029 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1054 N Kingsley Dr

Public county record property details
Beds
7
Baths
5
Year built
1920
Sq. Ft.
3,867
Lot Size
9,164
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
5537-019-007

The source for these homes facts are from public records.

90029 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,022,990
Median List Price/Sq.Ft.
$737
Median Sold Price
$672,500
Median Sold Price/Sq.Ft.
$724
Total Inventory
32
Median Sale to List Price %
105.24%
Avg Days on Market
16
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), 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.

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