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1315 N Kingsley Dr, Los Angeles, CA 90027
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1315 N Kingsley Dr Los Angeles, CA 90027

$1,310,000 Sold Price as of 08/09/2021
  • 3 Beds
  • 6 Baths
  • 3,230 Sq.Ft.
Sold
$1,310,000 Sold Price as of 08/09/2021 Refinance Your Mortgage
Map preview of 1315 N Kingsley Dr, Los Angeles, CA 90027

Property Overview: 1315 N Kingsley Dr Los Angeles, CA has 3 bedrooms, 6 bathrooms, 3,230 living square feet and 8,478 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1315 N. Kingsley Drive, a 5-unit owner/use investment opportunity located just north of Fountain Avenue. Sitting on a 8,478 SF lot zoned LARD3, the property features (1) three-bedroom and two bath single-family residence and (4) studio units spread across two structures. Please note, the three-bedroom front house and (1) studio unit will be delivered VACANT upon COE. Property amenities include a large shared driveway, community yard and (2) one-car garages that have the opportunity to be converted to ADUs. 1315 N. Kingsley presents a value-add opportunity to investors, as current rents are approx. 20% below market value for nicely remodeled units in the area. With a location consistently under high-demand and significant upside in rents, 1315 N. Kingsley presents investors with the opportunity to purchase an asset with incredible promise in the ever-growing submarket of Hollywood.

Listed by Max Berger | BRE #02054048 | Compass
Last checked: 6 minutes ago | Last updated: July 15th, 2023 | Source CRMLS | DOM: 58

Home details

Lot Sq. Ft
8,478
HOA Dues
$0/mo
Year built
1955
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21700298
City
Los Angeles
County
Los Angeles
Time on Site
1163 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,800
  • Total Rent: $3,800
  • Pro Forma/Market Rent: $3,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $992
  • Total Rent: $992
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $935
  • Total Rent: $935
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $868
  • Total Rent: $868
  • Pro Forma/Market Rent: $1,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.83
  • Gross Scheduled Income: --
  • Net Operating Income: $62,433
  • Gross Operating Income: $93,644
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1315 N Kingsley Dr

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Room Information
  • Flooring: Wood, Vinyl, Tile, Carpet
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Ceiling Fan(s)
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Garage - Single Door, Shared Driveway
Lot Information
  • Lot Size Source: Other
Property Information
  • Total # of Units: 5
  • Parcel Number: 5544036014
Location / Neighborhood
Location Information
  • Directions: Heading east on Fountain Avenue, turn left onto N. Kingsley Drive. The property is located on your left-hand side.
View more facts & features

Local Los Angeles Agent

Sale History for 1315 N Kingsley Dr

Last leased for $1,500 on July 12th, 2023

  • July, 2023

  • Jul 12, 2023

    Date

    Leased

    CRMLS: SR23112495

    $1,500

    Price

  • Jun 23, 2023

    Date

    Active

    CRMLS: SR23112495

    $1,500

    Price

  • Listing provided courtesy of CRMLS

    Light and bright, Studio on a second floor. Desirable location walking distance to Sunset Blvd and houses of worship. Water included. Available immediately.

  • August, 2021

  • Aug 9, 2021

    Date

    Sold

    CRMLS: 21700298

    $1,310,000

    Price

  • Apr 30, 2021

    Date

    Active Under Contract

    CRMLS: 21700298

    $1,335,000

    Price

  • Apr 21, 2021

    Date

    Price Change

    CRMLS: 21700298

    $1,335,000

    Price

  • Apr 5, 2021

    Date

    Active Under Contract

    CRMLS: 21700298

    $1,360,000

    Price

  • Mar 17, 2021

    Date

    Price Change

    CRMLS: 21700298

    $1,360,000

    Price

  • Mar 17, 2021

    Date

    Active

    CRMLS: 21700298

    $1,400,000

    Price

  • Mar 16, 2021

    Date

    Active Under Contract

    CRMLS: 21700298

    $1,400,000

    Price

  • Mar 3, 2021

    Date

    Active

    CRMLS: 21700298

    $1,400,000

    Price

  • December, 2020

  • Dec 25, 2020

    Date

    Expired

    CRMLS: 20658624

    $1,500,000

    Price

  • Dec 22, 2020

    Date

    Withdrawn

    CRMLS: 20658624

    $1,500,000

    Price

  • Nov 11, 2020

    Date

    Active

    CRMLS: 20658624

    $1,500,000

    Price

  • Listing provided courtesy of CRMLS

    1315-1317 N Kingsley Avenue, one 1,410 square foot single family residence and one 1,820 square foot property comprised of 4 single rental units located on 8,478 square feet of land. The property is located on Kingsley Drive between Fountain Avenue and De Longpre Avenue, less than two miles from the famous Hollywood Walk of Fame. The single family residence at 1317 N Kingsley Drive is comprised of 3 bedrooms and 2 bathrooms. Behind the house is storage space, as well as two garage spaces. There are four rental units at 1315 N Kingsley Drive, all units are studio layouts. The single family residence at the front of the property is currently occupied by the owner, but will be vacated upon sale, allowing a potential owner-user to occupy the house, and lease out the rental units. The property is approximately 57% vacant (including the single family residence, which will be vacated upon sale)

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Tax History for 1315 N Kingsley Dr

Assessed Value (2020): $120,582
Year Land Value Improved Value Assessed Value
2020 $98,161 $22,421 $120,582

Home Value Compared to the Market

This property vs the competition

1315 N Kingsley Dr sold on August 9, 2021 for 12.18% 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 $413.31 per/sqft which puts the price per square foot 45.26% lower than the current median sale per square foot for the city of Los Angeles.

About 1315 N Kingsley Dr

Detailed summary of property

1315 N Kingsley Dr is a multi family that recently sold in Los Angeles, CA 90027. This multi family property offered 3 bedrooms, 6 bathrooms, roughly 3,230 living square feet, and sits on an approximately 8,478 square foot lot. 1315 N Kingsley Dr was first listed on ArdentRealEstateGroup.com on March 3, 2021. The homeowner sold the property for $1,310,000. 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 12.18% higher than the current median priced home. Local homes that are currently for sale include 664 N Normandie Ave, 5415 Monroe St and 4535 Kingswell. While the average home in Los Angeles, CA is selling in 93 days, 1315 N Kingsley Dr has a days on market of 58 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 1315 N Kingsley Dr Los Angeles, CA 90027 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1315 N Kingsley Dr

Public county record property details
Beds
6
Baths
6
Year built
1955
Sq. Ft.
3,230
Lot Size
8,478
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
20-22
APN
5544-036-014

The source for these homes facts are from public records.

90027 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,399,000
Median List Price/Sq.Ft.
$932
Median Sold Price
$1,785,930
Median Sold Price/Sq.Ft.
$941
Total Inventory
84
Median Sale to List Price %
99.49%
Avg Days on Market
28
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (7.69%)

Thinking of Selling?

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(714) 706-1823

Homes for Sale Near 1315 N Kingsley Dr

Nearby Homes for Sale

5228 De Longpre Ave, Los Angeles, CA 90027
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Recently Sold Homes Near 1315 N Kingsley Dr

1316 N Kingsley Dr, Los Angeles, CA 90027
$1,450,000 Last Sold Price
7 Beds
6 Baths
4157 Sq.Ft.
1316 N Kingsley Dr
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1310 N Kingsley Dr, Los Angeles, CA 90027
$1,065,000 Last Sold Price
5 Beds
3 Baths
2816 Sq.Ft.
1310 N Kingsley Dr
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5179 Fountain Ave, Los Angeles, CA 90029
$4,050,000 Last Sold Price
21 Beds
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-- Sq.Ft.
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1326 N Harvard Blvd, Los Angeles, CA 90027
$960,000 Last Sold Price
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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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