1157 S Kingsley Dr, Los Angeles, CA 90006

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1157 S Kingsley Dr Los Angeles, CA 90006

$1,050,000 Sold Price as of 06/30/2021

6 Beds
4 Baths
2,595 Sq.Ft.

Sold

$1,050,000 Sold Price as of 06/30/2021 Refinance Your Mortgage

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Map preview of 1157 S Kingsley Dr, Los Angeles, CA 90006

Property Overview: 1157 S Kingsley Dr Los Angeles, CA has 6 bedrooms, 4 bathrooms, 2,595 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: PRICE REDUCED ***Excellent investment opportunity with good upside income potential and future development !!! Well maintained property in the heart of Korea Town sits on a CORNER LOT of 5,900 sqft zoned in LAR3. Centrally located in high demanding with lots of developments around the area, easy access to Fwy, DTLA, Hollywood, W. LA. etc...The property is comprised of two separate buildings W detached garage, newly painted in recent years, changed copper plumbing, and placed new roofing. Easy to manage, the front 2 units are with dyrer/washer and hook up, the back unit tenants are long time tenants whose rent are below market rent, Individually metered for Gas and Electricity and each has its own water heater. Sold as-is condition.

Listed by Thomas K. Chung | BRE #01775119 | Masters Realty Group

Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft: 5,900
HOA Dues: $0/mo
Year built: 1922
Garage: 2 Car
Property Type:: Multi Family

Status: Sold
MLS#: 21734518
City: Los Angeles
County: Los Angeles
Time on Site: 1093 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,529
Total Rent: $1,529
Pro Forma/Market Rent: $1,700

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,516
Total Rent: $1,516
Pro Forma/Market Rent: $1,700

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,263
Total Rent: $1,263
Pro Forma/Market Rent: $1,500

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $907
Total Rent: $907
Pro Forma/Market Rent: $1,500

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 17
Gross Scheduled Income: --
Net Operating Income: $48,866
Gross Operating Income: $62,580

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1157 S Kingsley Dr

Interior Features

Heating Information

Has Heating
Wall Furnace

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 2
# of Parking Spaces: 2
Has Parking
Parking Features: Garage

Property Information

Total # of Units: 4
Parcel Number: 5080026012

Location / Neighborhood

Location Information

Directions: Kingsley dr + 12th. st.

View more facts & features

Local Los Angeles Agent

Sale History for 1157 S Kingsley Dr

Last sold for $1,050,000 on June 30th, 2021

June, 2021
Jun 30, 2021

Date

Sold

CRMLS: 21734518

$1,050,000

Price
Jun 3, 2021

Date

Active Under Contract

CRMLS: 21734518

$1,070,000

Price
May 20, 2021

Date

Active

CRMLS: 21734518

$1,070,000

Price
May, 2021
May 19, 2021

Date

Canceled

CRMLS: 21716598

$1,130,000

Price
Apr 8, 2021

Date

Active

CRMLS: 21716598

$1,130,000

Price
Listing provided courtesy of CRMLS
April, 2021
Apr 8, 2021

Date

Canceled

CRMLS: 20665156

$1,150,000

Price
Jan 19, 2021

Date

Price Change

CRMLS: 20665156

$1,150,000

Price
Dec 29, 2020

Date

Price Change

CRMLS: 20665156

$1,190,000

Price
Dec 29, 2020

Date

Price Change

CRMLS: 20665156

$119,000

Price
Dec 13, 2020

Date

Price Change

CRMLS: 20665156

$999,000

Price
Dec 12, 2020

Date

Active

CRMLS: 20665156

$990,000

Price
Listing provided courtesy of CRMLS

***Excellent investment opportunity with good upside income potential and future development !!! Well maintained property in the heart of Korea Town sits on a corner lot of 5,900 sqft zoned in LAR3. Centrally located in high demanding with lots of developments around the area, easy access to Fwy, DTLA, Hollywood, W. LA. etc...The property is comprised of two separate buildings W detached garage, newly painted in recent years, changed copper plumbing, and placed new roofing. Easy to manage, the front 2 units are with dyrer/washer and hook up, the back unit tenants are long time tenants whose rent are below market rent, Individually metered for Gas and Electricity and each has its own water heater. Sold as-is condition.

Continue Reading
September, 2011
Sep 15, 2011

Date

Sold (Public Records)

Public Records

$485,000

Price
March, 2010
Mar 1, 2010

Date

Sold (Public Records)

Public Records

$387,000

Price

Tax History for 1157 S Kingsley Dr

Assessed Value (2020): $557,018

Year	Land Value	Improved Value	Assessed Value
2020	$361,775	$195,243	$557,018

Home Value Compared to the Market

This property vs the competition

1157 S Kingsley Dr sold on June 30, 2021 for 10.08% lower 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 $412.33 per/sqft which puts the price per square foot 45.39% lower than the current median sale per square foot for the city of Los Angeles.

About 1157 S Kingsley Dr

Detailed summary of property

1157 S Kingsley Dr is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 2,595 living square feet, and sits on an approximately 5,900 square foot lot. 1157 S Kingsley Dr was first listed on ArdentRealEstateGroup.com on May 20, 2021. The homeowner sold the property for $1,050,000. 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 10.08% lower than the current median priced home. Local homes that are currently for sale include 1969 W 23rd St, 1744 W 23rd St and 1689 W 24th St. While the average home in Los Angeles, CA is selling in 92 days, 1157 S Kingsley Dr has a days on market of 14 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1157 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 1157 S Kingsley Dr

Public county record property details

Beds: 4
Baths: 4
Year built: 1922
Sq. Ft.: 2,595
Lot Size: 5,899
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 13
APN: 5080-026-012

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.

$602

Median Sold Price

$690,000

Median Sold Price/Sq.Ft.

$600

Total Inventory

Median Sale to List Price %

98.71%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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(714) 706-1823

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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.