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1150 N Kingsley Dr, Los Angeles, CA 90029
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1150 N Kingsley Dr Los Angeles, CA 90029

$1,350,000
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
For Sale
$1,350,000 Get Pre-Qualified
Map preview of 1150 N Kingsley Dr, Los Angeles, CA 90029

Property Overview: 1150 N Kingsley Dr Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 7,895 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to present an excellent development opportunity near Santa Monica Blvd and Normandie Ave in East Hollywood! The existing structure on the lot consists of a fixer 6 unit building of which 4 UNITS WILL BE DELIVERED VACANT! Boasting a lot size of +/- 7,895 sq. ft., zoning of LARD1.5, and Tier 2 TOC designation, the potential possibilities for this property are endless! The property at 1156 N Kingsley (just 2 doors down) is currently being developed into a 49 unit affordable housing project utilizing ED-1 and a similar affordable housing project can be done on this lot! Buyer to investigate. The buyer can also reap tax benefits as the property is in an Opportunity Zone! There are 4 detached garages in the back lot, which can also be converted to one or more ADUs to generate additional rental income. 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!

Listed by Anie Mayelian | BRE #00778825 | Keller Williams Realty Calabasas
Co-listed by Aleen Mayelian | BRE #02198281 | Keller Williams Realty Calabasas
Last checked: 14 minutes ago | Last updated: April 3rd, 2024 | Source CRMLS | DOM: 43
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Home details

Lot Sq. Ft
7,895
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Active
MLS#
SR24045813
City
Los Angeles
County
Los Angeles
Time on Site
49 days

Open Houses for 1150 N Kingsley Dr

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Property Details for 1150 N Kingsley Dr

Lot Details / Garage and Parking
Lot Information
  • Lot Features: Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Parcel Number: 5537015008
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Santa Monica Blvd & Kingsley Dr
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1150 N Kingsley Dr

Last sold for $180,000 on June 20th, 1994

  • March, 2024

  • Mar 8, 2024

    Date

    Active

    CRMLS: SR24045813

    $1,350,000

    Price

  • April, 2021

  • Apr 13, 2021

    Date

    Expired

    CRMLS: DW21038780

    $1,595,000

    Price

  • Feb 24, 2021

    Date

    Active

    CRMLS: DW21038780

    $1,595,000

    Price

  • Listing provided courtesy of CRMLS

    1150 N. Kingsley Dr. is a 6-unit building very unique due to its location this RD1.5 zoning property attracts many different types of investors weather you are a Developer, Buy & Hold or Value add Investor. 1150 N. Kingsley can be a trophy property for the right investor with endless opportunities and Tremendous upside potential.

  • January, 2020

  • Jan 3, 2020

    Date

    Canceled

    CRMLS: 19524848

    $1,450,000

    Price

  • Nov 19, 2019

    Date

    Active Under Contract

    CRMLS: 19524848

    $1,450,000

    Price

  • Oct 29, 2019

    Date

    Active

    CRMLS: 19524848

    $1,450,000

    Price

  • Listing provided courtesy of CRMLS

    1150 N. Kinsgley Dr. is a 6 unit multifamily investment opportunity with tremendous upside. All units are currently well below market rent and have been modestly updated allowing for a potential 57% upside in rents! Additionally, given the zoning, location and lot size the property has great development potential for a new apartment building or small lot subdivided homes. Please email listing agent for OM. *Zimas shows 5 units, but it is registered as 6 units with the Housing Department.*

  • April, 2019

  • Apr 26, 2019

    Date

    Expired

    CRMLS: 19430780

    $1,550,000

    Price

  • Apr 22, 2019

    Date

    Hold

    CRMLS: 19430780

    $1,550,000

    Price

  • Feb 5, 2019

    Date

    Active

    CRMLS: 19430780

    $1,550,000

    Price

  • Listing provided courtesy of CRMLS

    1150 N. Kinsgley Dr. is a 6 unit multifamily investment opportunity with tremendous upside. All units can be delivered vacant at the close of escrow at Seller's expense, giving a buyer a blank canvas and a multitude of avenues for greatly increasing the value of the property. All units are currently well below market rent and have been modestly updated. Therefore, with the option to have a completely vacant building, a savvy investor can freely update all units at once and immediately rent them at market rent. Potential 57% upside in rents! Additionally, given the zoning, location and lot size the property has great development potential for a new apartment building or small lot subdivided homes.*CofO shows 5 units, but it is registered as 6 units with the Housing Department.*

  • June, 1994

  • Jun 20, 1994

    Date

    Sold (Public Records)

    Public Records

    $180,000

    Price

Show More

Tax History for 1150 N Kingsley Dr

Assessed Value (2020): $279,717
Year Land Value Improved Value Assessed Value
2020 $278,181 $1,536 $279,717

Home Value Compared to the Market

This property vs the competition

1150 N Kingsley Dr is listed 8.09% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000.

About 1150 N Kingsley Dr

Detailed summary of property

1150 N Kingsley Dr is a land located in Los Angeles, CA 90029 and is currently for sale. This land offers -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 7,895 square foot lot. 1150 N Kingsley Dr was first listed on ArdentRealEstateGroup.com on March 8, 2024. The homeowner is currently asking $1,350,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 8.09% higher than the median priced home. Local competing homes currently for sale include 1932 Park Ave, 1932 Park Ave and 1225 S Harvard Blvd. While the average home in Los Angeles, CA is selling in 97 days, 1150 N Kingsley Dr has a days on market of 43 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 1150 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 1150 N Kingsley Dr

Public county record property details
Beds
2
Baths
7
Year built
--
Sq. Ft.
3,199
Lot Size
7,894
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
23
APN
5537-015-008

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
$1,199,000
Median List Price/Sq.Ft.
$794
Median Sold Price
$711,000
Median Sold Price/Sq.Ft.
$652
Total Inventory
32
Median Sale to List Price %
102.3%
Avg Days on Market
8
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.

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