503 N Kingsley Dr, Los Angeles, CA 90004

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503 N Kingsley Dr Los Angeles, CA 90004

$1,470,000 Sold Price as of 07/07/2023

14 Beds
8 Baths
3,188 Sq.Ft.

Sold

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Map preview of 503 N Kingsley Dr, Los Angeles, CA 90004

Property Overview: 503 N Kingsley Dr Los Angeles, CA has 14 bedrooms, 8 bathrooms, 3,188 living square feet and 7,773 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Presenting a remarkable investment opportunity in the highly sought-after area of Mid-Wilshire/Koreatown, a newly listed triplex is now available for acquisition. located on the corner of Kingsley and Maplewood Ave, this property boasts a generous lot size of 0.18 acres and offers a total of 3,188 square feet of meticulously designed living space. Embracing the essence of convenience and security, the property is gated, ensuring privacy and tranquility for its occupants. Comprising of two two-bedroom, each with one bath on Maplewood Ave, along with a spacious three-bedroom, three-bath home on N Kingsley Drive, this triplex showcases a thoughtful and versatile layout to accommodate various tenant preferences.Distinguished by its low-maintenance characteristics, the property is equipped with separately metered gas and electricity, minimizing operational complexities. Additionally, the front home features an impressive posted verandah, affording a distinct sense of elegance and exclusivity, while offering ample parking space for up to six vehicles. The two units on Maplewood Ave possess their own front gate entrance, ensuring convenience for the tenants.Conveniently situated in close proximity to prominent establishments such Beverly Blvd shops, and the renowned Larchmont area, this triplex capitalizes on the thriving and appreciating locale of Mid-Wilshire/Koreatown. Boasting exceptional investment potential, seize the opportunity to acquire this appealing triplex now, with the potential to capitalize on the future upside rental prospects.

Listed by Jonteen Rashti | BRE #01993544 | Keller Williams Realty Westside

Last checked: 7 minutes ago | Last updated: October 4th, 2023 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft: 7,773
HOA Dues: $0/mo
Year built: 1922
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 23278637
City: Los Angeles
County: Los Angeles
Time on Site: 469 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 3
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 2
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,095
Total Rent: $2,095
Pro Forma/Market Rent: $2,095

Unit Breakdown 2

# of Units: 1
# of Beds: 4
# of Baths: 3
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $5,000

Unit Breakdown 3

# of Units: 3
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,020
Total Rent: $2,020
Pro Forma/Market Rent: $2,020

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 0
Gross Scheduled Income: --
Net Operating Income: $0
Gross Operating Income: $0

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 503 N Kingsley Dr

Interior Features

Cooling Information

Has Cooling
Central Air

Heating Information

Has Heating
Central

Laundry Information

Has Laundry
Washer Included, Dryer Included

Room Information

Flooring: Wood, Tile

Kitchen Information

Has Appliances
Dishwasher, Microwave, Refrigerator

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Private, Concrete, Street

Property Information

Has View
View: City Lights
Total # of Units: 3
Parcel Number: 5521010026
Architectural Style: Craftsman

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Location / Neighborhood

Location Information

Directions: Corner of Kingsley Dr. and Maplewood Ave.

View more facts & features

Local Los Angeles Agent

Sale History for 503 N Kingsley Dr

Last leased for $4,500 on October 3rd, 2023

October, 2023
Oct 3, 2023

Date

Leased

CRMLS: 23288401

$4,500

Price
Jul 7, 2023

Date

Active

CRMLS: 23288401

$4,600

Price
Listing provided courtesy of CRMLS

3 Bedroom +2 Bath +den single family house with Laundry and Solar. 4 surface parking spaces available. Large rooms, spacious kitchen, front porch, small back yard, and storage. Freeway is close, between Koreatown and Hollywood, excellent and convenient location. Jets in bathtub are non-functional. Come see this beauty before it's gone.

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September, 2023
Sep 1, 2023

Date

Expired

CRMLS: ML81928113

$5,665

Price
May 12, 2023

Date

Active

CRMLS: ML81928113

$5,665

Price
Listing provided courtesy of CRMLS

Discover the epitome of comfortable living in this remarkable 3-bedroom, 2-bathroom unit nestled in the vibrant Koreatown! The spacious family room, adorned with elegant hardwood floors. The kitchen, boasting tiled floors, is a chef's delight. Equipped with sleek stainless steel appliances, granite counters, and custom cabinets and drawers. This well-maintained home also features solar panels on the roof, ensuring energy efficiency and cost savings while minimizing your carbon footprint. Convenience abounds in this home, offering in-unit laundry and four driveway parking spots, affording comfort and ease for you and your loved ones! Situated along North Kingsley Drive, with a Walk Score of 90, you'll find an array of grocery stores, restaurants, and entertainment options within easy reach. Experience the vibrant lifestyle this coveted location offers, with everything you desire just moments away! *Jets in bathtub are non-functional. Pet Friendly Pet Deposit - $500

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September, 2023
Sep 1, 2023

Date

Expired

CRMLS: ML81928112

$4,275

Price
May 12, 2023

Date

Active

CRMLS: ML81928112

$5,665

Price
Listing provided courtesy of CRMLS

Discover the epitome of comfortable living in this remarkable 3-bedroom, 2-bathroom unit nestled in the vibrant Koreatown! The spacious family room, adorned with elegant hardwood floors. The kitchen, boasting tiled floors, is a chef's delight. Equipped with sleek stainless steel appliances, granite counters, and custom cabinets and drawers. This well-maintained home also features solar panels on the roof, ensuring energy efficiency and cost savings while minimizing your carbon footprint. Convenience abounds in this home, offering in-unit laundry and four driveway parking spots, affording comfort and ease for you and your loved ones! Situated along North Kingsley Drive, with a Walk Score of 90, you'll find an array of grocery stores, restaurants, and entertainment options within easy reach. Experience the vibrant lifestyle this coveted location offers, with everything you desire just moments away! *Jets in bathtub are non-functional. Pet Friendly Pet Deposit - $500

Continue Reading
July, 2023
Jul 7, 2023

Date

Sold

CRMLS: 23278637

$1,470,000

Price
Jun 8, 2023

Date

Active

CRMLS: 23278637

$1,495,000

Price
February, 2023
Feb 14, 2023

Date

Expired

CRMLS: 22191009

$1,500,000

Price
Sep 8, 2022

Date

Active

CRMLS: 22191009

$1,000,000

Price
Listing provided courtesy of CRMLS

Newly Listed Triplex in Korea Town with lot size of 0.18 Acres & 3,188 sqft of living space. An incredible investment opportunity to own a triplex in a fast-growing and appreciating area of Mid-Wilshire/Koreatown situated on the corner of Kingsley and Maplewood Ave. The property is gated and consists of 2 two-bedroom units on Maplewood Ave and a three-bedroom home on N Kinsley Drive. This is a low-maintenance property whereby gas and electricity are separately metered. The front home has an amazing posted verandah, is private from the two rental properties and can park up to 6 cars. The two units on Maplewood have their own front gate entrance. Located minutes away from El Camry meat market, Harvard Elementary school, Beverly Blvd shops & Larchmont, this is a fantastic investment opportunity. Buy a nice-looking triplex now, build later & maximize on the upside rental potential.

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March, 2014
Mar 13, 2014

Date

Sold (Public Records)

Public Records

$749,000

Price
September, 2003
Sep 29, 2003

Date

Sold (Public Records)

Public Records

$568,000

Price

Tax History for 503 N Kingsley Dr

Assessed Value (2020): $839,546

Year	Land Value	Improved Value	Assessed Value
2020	$448,355	$391,191	$839,546

Home Value Compared to the Market

This property vs the competition

503 N Kingsley Dr sold on July 7, 2023 for 33.48% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $468.95 per/sqft which puts the price per square foot 35.23% lower than the current median sale per square foot for the city of Los Angeles.

About 503 N Kingsley Dr

Detailed summary of property

503 N Kingsley Dr is a multi family that recently sold in Los Angeles, CA 90004. This multi family property offered 14 bedrooms, 8 bathrooms, roughly 3,188 living square feet, and sits on an approximately 7,773 square foot lot. 503 N Kingsley Dr was first listed on ArdentRealEstateGroup.com on June 8, 2023. The homeowner sold the property for $1,470,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 33.48% higher than the current median priced home. Local homes that are currently for sale include 1150 N Kingsley Dr, 5159 Clinton St. and 1167 N Kingsley Dr. While the average home in Los Angeles, CA is selling in 106 days, 503 N Kingsley Dr has a days on market of 6 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 503 N Kingsley Dr Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 503 N Kingsley Dr

Public county record property details

Beds: 7
Baths: 3
Year built: 1922
Sq. Ft.: 3,188
Lot Size: 7,772
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 24
APN: 5521-010-026

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,500,000

Median List Price/Sq.Ft.

$808

Median Sold Price

$790,000

Median Sold Price/Sq.Ft.

$601

Total Inventory

Median Sale to List Price %

95.18%

Avg Days on Market

Loan Type

Conventional (11.11%), FHA (0%), VA (0%), Cash (0%), Other (22.22%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

Homes for Sale Near 503 N Kingsley Dr

Nearby Homes for Sale

534 N Serrano Ave, Los Angeles, CA 90004

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427 N Kingsley Dr, Los Angeles, CA 90004

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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.