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106 N Kings Rd, Los Angeles, CA 90048
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106 N Kings Rd Los Angeles, CA 90048

$3,645,000 Sold Price as of 04/12/2024
  • 8 Beds
  • 8 Baths
  • 8,822 Sq.Ft.
Sold
$3,645,000 Sold Price as of 04/12/2024 Refinance Your Mortgage
Map preview of 106 N Kings Rd, Los Angeles, CA 90048

Property Overview: 106 N Kings Rd Los Angeles, CA has 8 bedrooms, 8 bathrooms, 8,822 living square feet and 14,176 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: PRICE REDUCED $305,000! We are pleased to offer for sale 2 incredible multifamily assets located at 106 N. Kings Rd. and 110 N. Kings Rd. in the heart of the Beverly Grove area of the Westside. Originally built in 1940 and ideally situated on a large double lot, the buildings exude the character and vintage charm of 1940's French Normandy architecture. The properties, each with their own APN, consist of all extremely large 1-bedroom layouts with each unit offering a terrific spacious floor plan flooded with natural light. Beautifully set around a meticulously landscaped and tranquil central courtyard, the buildings offer the astute investor a quintessential value-add opportunity. As current rents hover around $2.25/SF., there is tremendous rental upside through a comprehensive renovation program as units turn. Additionally, there is ample on-site parking with no soft story retrofit required (Buyer to verify). This is a fantastic trophy asset in an undeniably attractive location that will surely pay longterm dividends to a savvy investor. This rare offering presents a canny investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.

Listed by Jonathan Taksa | BRE #01366169 | Remax Commercial and Investment Realty
Last checked: 5 minutes ago | Last updated: April 12th, 2024 | Source CRMLS | DOM: 35

Home details

Lot Sq. Ft
14,176
HOA Dues
$0/mo
Year built
1940
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
24358547
City
Los Angeles
County
Los Angeles
Time on Site
96 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,470
  • Total Rent: $19,760
  • Pro Forma/Market Rent: $25,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.88%
  • Gross Rent Multiplier: 15.58
  • Gross Scheduled Income: --
  • Net Operating Income: $143,306
  • Gross Operating Income: $237,119
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 106 N Kings Rd

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
Interior Features
  • Crown Molding
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 8
  • Parcel Number: 5511010011
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: In between 3rd Street and Beverly Blvd. Walking distance to the Beverly Center and the Grove
View more facts & features

Local Los Angeles Agent

Sale History for 106 N Kings Rd

Last sold for $3,645,000 on April 12th, 2024

  • April, 2024

  • Apr 12, 2024

    Date

    Sold

    CRMLS: 24358547

    $3,645,000

    Price

  • Feb 15, 2024

    Date

    Active

    CRMLS: 24358547

    $4,000,000

    Price

Tax History for 106 N Kings Rd

Assessed Value (2020): $166,285
Year Land Value Improved Value Assessed Value
2020 $66,328 $99,957 $166,285

Home Value Compared to the Market

This property vs the competition

106 N Kings Rd sold on April 12, 2024 for 210.5% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $418.84 per/sqft which puts the price per square foot 44.52% lower than the current median sale per square foot for the city of Los Angeles.

About 106 N Kings Rd

Detailed summary of property

106 N Kings Rd is a multi family that recently sold in Los Angeles, CA 90048. This multi family property offered 8 bedrooms, 8 bathrooms, roughly 8,822 living square feet, and sits on an approximately 14,176 square foot lot. 106 N Kings Rd was first listed on ArdentRealEstateGroup.com on February 15, 2024. The homeowner sold the property for $3,645,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 210.5% higher than the current median priced home. Local homes that are currently for sale include 6018 Comey Ave, 8701 Olin St and 2525 Hauser Blvd. While the average home in Los Angeles, CA is selling in 93 days, 106 N Kings Rd has a days on market of 35 days. There are currently 3718 homes for sale in the Los Angeles real estate market and 2495 of them are single family homes while 1123 of them are condos and 94 are townhomes. For more information on this home for sale at 106 N Kings Rd Los Angeles, CA 90048 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 106 N Kings Rd

Public county record property details
Beds
4
Baths
4
Year built
1940
Sq. Ft.
4,411
Lot Size
7,153
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
54
APN
5511-010-011

The source for these homes facts are from public records.

90048 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,495,000
Median List Price/Sq.Ft.
$1,036
Median Sold Price
$2,275,000
Median Sold Price/Sq.Ft.
$989
Total Inventory
137
Median Sale to List Price %
91.18%
Avg Days on Market
72
Loan Type
Conventional (9.52%), FHA (0%), VA (0%), Cash (9.52%), Other (0%)

Thinking of Selling?

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Recently Sold Homes Near 106 N Kings Rd

110 N Kings Rd, Los Angeles, CA 90048
$3,645,000 Last Sold Price
8 Beds
8 Baths
8822 Sq.Ft.
110 N Kings Rd
Los Angeles, CA 90048
107 N Kings Rd, Los Angeles, CA 90048
$2,365,026 Last Sold Price
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107 N Kings Rd
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107 S Flores St, Los Angeles, CA 90048
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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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