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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
  • 5 Beds
  • 7 Baths
  • 3,199 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 5 bedrooms, 7 bathrooms, 3,199 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 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!

Listed by Anie Mayelian | BRE #00778825 | Keller Williams Realty Calabasas
Co-listed by Aleen Mayelian | BRE #02198281 | Keller Williams Realty Calabasas
Last checked: 7 minutes ago | Last updated: April 3rd, 2024 | Source CRMLS | DOM: 48
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Home details

Lot Sq. Ft
7,895
HOA Dues
$0/mo
Year built
1928
Garage
4 Car
Property Type:
Apartment
Status
Active
MLS#
SR24045277
City
Los Angeles
County
Los Angeles
Time on Site
54 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
  • # of Leased Units: 2
  • # of Electric Meters: 6
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $600
  • Total Rent: $600
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $700
  • Total Rent: $700
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $112,800
  • Net Operating Income: $82,913
  • Gross Operating Income: $109,416
  • Vacancy Allowance: $3,384
Annual Expense Breakdown
  • Total Operating Expense: $26,502
  • Electric: $746
  • Gas/Fuel: $801
  • New Taxes: $16,875
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $4,000
  • Maintenance: $2,880
  • Professional Management: $0
  • Water/Sewer: $0

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Property Details for 1150 N Kingsley Dr

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 5537015008
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
  • Property Condition: Fixer
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: Santa Monica Blvd & Kingsley Dr
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
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

View property's historical transactions

  • March, 2024

  • Mar 8, 2024

    Date

    Active

    CRMLS: SR24045277

    $1,350,000

    Price

Tax History for 1150 N Kingsley Dr

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

1150 N Kingsley Dr is listed 10.2% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $422.01 per/sqft which puts the price per square foot 45.48% lower than the median price per square foot for the city of Los Angeles.

About 1150 N Kingsley Dr

Detailed summary of property

1150 N Kingsley Dr is a apartment located in Los Angeles, CA 90029 and is currently for sale. This apartment offers 5 bedrooms, 7 bathrooms, roughly 3,199 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 $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 10.2% higher than the median priced home. Local competing homes currently for sale include 741 N Harvard Blvd, 1537 N Kingsley Dr and 725 N Normandie Ave. While the average home in Los Angeles, CA is selling in 96 days, 1150 N Kingsley Dr has a days on market of 48 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 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
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

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.
$802
Median Sold Price
$1,049,000
Median Sold Price/Sq.Ft.
$1,042
Total Inventory
33
Median Sale to List Price %
95.36%
Avg Days on Market
38
Loan Type
Conventional (60%), 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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