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1176 N Kingsley Dr, Los Angeles, CA 90029
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1176 N Kingsley Dr Los Angeles, CA 90029

$2,550,000 Sold Price as of 01/31/2022
  • 12 Beds
  • 11 Baths
  • 7,885 Sq.Ft.
Sold
$2,550,000 Sold Price as of 01/31/2022 Refinance Your Mortgage
Map preview of 1176 N Kingsley Dr, Los Angeles, CA 90029

Property Overview: 1176 N Kingsley Dr Los Angeles, CA has 12 bedrooms, 11 bathrooms, 7,885 living square feet and 7,896 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Kingsley Apartments is an 11 unit apartment building, located in the Heart of Hollywood, consisting of 10 one bedroom one bathroom units, and 1 two bedroom one bathroom unit. Four of the Eleven tenants are Section 8 tenants. There is one unit vacant and all others are occupied, with rent collections made in full ever since the pandemic, including those with Section 8 tenants. There are five tandem parking spaces, and the remaining six units do not have parking. There is a laundry facility on-site, and storage spaces located above the parking spaces. Soft-story retrofit plans have been fully approved, and are shovel-ready, allowing investors to recoup future capex reimbursements from tenants. Prime location of Hollywood, with constant redevelopment all around! Total annual gross income for the property is $186,350

Listed by Hagop Baboudjian | BRE #01372116 | Baboudjian Properties Inc.
Last checked: 15 minutes ago | Last updated: April 29th, 2022 | Source CRMLS | DOM: 80

Home details

Lot Sq. Ft
7,896
HOA Dues
$0/mo
Year built
1957
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
320007846
City
Los Angeles
County
Los Angeles
Time on Site
954 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 11
  • Total # of Buildings: 1
  • # of Leased Units: 0
  • # of Electric Meters: 12
  • # of Gas Meters: 12
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $1,225
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Total Rent: $1,678
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $1,594
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $1,450
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $1,015
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $1,450
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $1,232
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $1,343
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $1,450
Unit Breakdown 11
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $1,305
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.64%
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: $186,350
  • Net Operating Income: $0
  • Gross Operating Income: $186,350
  • Vacancy Allowance: $0
  • # of Rented Garages: 0
  • Garage Rental Income: $0
  • Laundry Income: $0
  • Other Income 1: $0
  • Other Income 2: $0
  • Personal Property: $0
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Gas/Fuel: $0
  • New Taxes: $32,807
  • Trash: $5,327
  • Insurance: $4,787
  • Maintenance: $7,140
  • Professional Management: $0
  • Water/Sewer: $7,987
  • Other Expenses: $0

Virtual Tour

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Property Details for 1176 N Kingsley Dr

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area
Room Information
  • Flooring: Carpet, Tile, Wood
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Carport, Tandem Covered
Lot Information
  • Lot Size Source: Public Records
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 11
  • Parcel Number: 5537015002
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Not Applicable-105
  • Directions: Cross Streets: Lexington
View more facts & features

Local Los Angeles Agent

Sale History for 1176 N Kingsley Dr

Last sold for $2,550,000 on January 31st, 2022

  • January, 2022

  • Jan 31, 2022

    Date

    Sold

    CRMLS: 320007846

    $2,550,000

    Price

  • Sep 28, 2021

    Date

    Active

    CRMLS: 320007846

    $2,750,000

    Price

  • November, 2012

  • Nov 29, 2012

    Date

    Sold (Public Records)

    Public Records

    $1,620,016

    Price

  • July, 2012

  • Jul 27, 2012

    Date

    Sold (Public Records)

    Public Records

    $1,300,000

    Price

Show More

Tax History for 1176 N Kingsley Dr

Assessed Value (2020): $1,824,717
Year Land Value Improved Value Assessed Value
2020 $1,125,982 $698,735 $1,824,717

Home Value Compared to the Market

This property vs the competition

1176 N Kingsley Dr sold on January 31, 2022 for 131.09% 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 $348.76 per/sqft which puts the price per square foot 53.81% lower than the current median sale per square foot for the city of Los Angeles.

About 1176 N Kingsley Dr

Detailed summary of property

1176 N Kingsley Dr is a multi family that recently sold in Los Angeles, CA 90029. This multi family property offered 12 bedrooms, 11 bathrooms, roughly 7,885 living square feet, and sits on an approximately 7,896 square foot lot. 1176 N Kingsley Dr was first listed on ArdentRealEstateGroup.com on September 28, 2021. The homeowner sold the property for $2,550,000. 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 131.09% higher than the current median priced home. Local homes that are currently for sale include 4520 Willow Brook Ave, 4351 Normal Ave and 542 N Kenmore Ave. While the average home in Los Angeles, CA is selling in 94 days, 1176 N Kingsley Dr has a days on market of 80 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 1176 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 1176 N Kingsley Dr

Public county record property details
Beds
12
Baths
11
Year built
1957
Sq. Ft.
7,885
Lot Size
7,895
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
17
APN
5537-015-002

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
$1,195,000
Median List Price/Sq.Ft.
$802
Median Sold Price
$1,049,000
Median Sold Price/Sq.Ft.
$1,042
Total Inventory
34
Median Sale to List Price %
95.36%
Avg Days on Market
38
Loan Type
Conventional (60%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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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.

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