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1847 N Kingsley Dr, Los Angeles, CA 90027
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1847 N Kingsley Dr Los Angeles, CA 90027

$7,600,000 Sold Price as of 07/23/2021
  • 26 Beds
  • 28 Baths
  • 18,709 Sq.Ft.
Sold
$7,600,000 Sold Price as of 07/23/2021 Refinance Your Mortgage
Map preview of 1847 N Kingsley Dr, Los Angeles, CA 90027

Property Overview: 1847 N Kingsley Dr Los Angeles, CA has 26 bedrooms, 28 bathrooms, 18,709 living square feet and 19,359 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We proudly present 1847 N. Kingsley Drive in Los Feliz, an iconic Los Angeles community where both the Observatory & Griffith Park are located. As you walk up the front yard past the palm trees you enter a truly timeless piece of architecture with its aesthetics clearly rooted in the mid-century form. The property houses 2-2BR/1BA, 22-1BA/1BA, 3 studios, & 1 bachelor unit, in a pristine courtyard setting with a beautiful pool for the residents to enjoy. The current owners who have meticulously maintained & renovated the property are entering the next chapter of their lives, & feel it is time to pass this jewel of a property to the next owner who can continue to be its steward. Keeping with their philosophy of repairing & replacing items & systems at the property as the need arose, two years ago they completely replaced the deck structure on the first floor & above the garage & last year completed soft story retrofit requirements. Both projects together approximately cost $300,000 & not only make the property look almost brand new but make it much safer for the tenants to call home. The owners have also replaced the east and south-facing windows on the building. This is truly a trophy property in a prime location with not only a healthy return based on current rents but also a 25% upside potential & a world of future development possibilities.

Listed by Ross Carter | BRE #01190160 | Coldwell Banker Realty
Co-listed by Vahan Saroians | BRE #01085051 | Vahan Saroians
Last checked: 56 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 18

Home details

Lot Sq. Ft
19,359
HOA Dues
$0/mo
Year built
1958
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21714600
City
Los Angeles
County
Los Angeles
Time on Site
1100 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 28
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 21
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,369
  • Total Rent: $28,748
  • Pro Forma/Market Rent: $35,700
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,166
  • Total Rent: $4,666
  • Pro Forma/Market Rent: $5,400
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,736
  • Total Rent: $3,472
  • Pro Forma/Market Rent: $4,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.74
  • Gross Scheduled Income: --
  • Net Operating Income: $296,363
  • Gross Operating Income: $460,363
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

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Property Details for 1847 N Kingsley Dr

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • Community, Individual Room
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • Roof: Composition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: In Ground
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Community Structure, Controlled Entrance, Covered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Courtyard
  • Total # of Units: 28
  • Parcel Number: 5544010016
  • Architectural Style: Mid Century Modern
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: East of Western - Just south of Franklin Avenue
View more facts & features

Local Los Angeles Agent

Sale History for 1847 N Kingsley Dr

Last sold for $7,600,000 on July 23rd, 2021

  • July, 2021

  • Jul 26, 2021

    Date

    Sold

    CRMLS: 21714600

    $7,600,000

    Price

  • Apr 26, 2021

    Date

    Pending

    CRMLS: 21714600

    $7,250,000

    Price

  • Apr 8, 2021

    Date

    Active

    CRMLS: 21714600

    $7,250,000

    Price

  • January, 1979

  • Jan 23, 1979

    Date

    Sold (Public Records)

    Public Records

    $130,001

    Price

Show More

Tax History for 1847 N Kingsley Dr

Assessed Value (2020): $1,366,944
Year Land Value Improved Value Assessed Value
2020 $356,219 $1,010,725 $1,366,944

Home Value Compared to the Market

This property vs the competition

1847 N Kingsley Dr sold on July 23, 2021 for 509.24% 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 $387.51 per/sqft which puts the price per square foot 48.67% lower than the current median sale per square foot for the city of Los Angeles.

About 1847 N Kingsley Dr

Detailed summary of property

1847 N Kingsley Dr is a multi family that recently sold in Los Angeles, CA 90027. This multi family property offered 26 bedrooms, 28 bathrooms, roughly 18,709 living square feet, and sits on an approximately 19,359 square foot lot. 1847 N Kingsley Dr was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $7,600,000. 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 509.24% higher than the current median priced home. Local homes that are currently for sale include 11666 Mayfield Ave, 155 S Oak Knoll Ave and 11942-11948 Darlington Ave. While the average home in Los Angeles, CA is selling in 94 days, 1847 N Kingsley Dr has a days on market of 18 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 1847 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 1847 N Kingsley Dr

Public county record property details
Beds
--
Baths
--
Year built
1958
Sq. Ft.
18,709
Lot Size
19,358
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
45
APN
5544-010-016

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
$2,370,000
Median List Price/Sq.Ft.
$921
Median Sold Price
$1,785,930
Median Sold Price/Sq.Ft.
$941
Total Inventory
83
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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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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