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634 N Kingsley Dr, Los Angeles, CA 90004
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634 N Kingsley Dr Los Angeles, CA 90004

$3,395,000
  • 16 Beds
  • 16 Baths
  • 11,564 Sq.Ft.
For Sale
$3,395,000 Get Pre-Qualified
Map preview of 634 N Kingsley Dr, Los Angeles, CA 90004

Property Overview: 634 N Kingsley Dr Los Angeles, CA has 16 bedrooms, 16 bathrooms, 11,564 living square feet and 12,774 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Introducing the opportunity to purchase 634 North Kingsley Drive, a value-add and professionally managed 16- unit multifamily asset located in the heart of Mid-Wilshire. Built in 1954, the property consists of 16 one-bedroom/one-bathroom units that contain features such as laminate flooring, granite counters, window/wall-mounted HVAC and kitchen appliances. Current rents are approximately 42% under market with 1 vacant unit providing a new investor the opportunity to renovate units in order to maximize rental income. The property features parking for 13 vehicles and includes an on-site laundry facility. Units are individually metered for both gas and electric with water heaters in each unit. No soft story retrofit needed. The building boasts a "Walk Score" of 90 as it is located near many shops, restaurants and retail along both Melrose Ave and Beverly Blvd. The property is conveniently located and only a short drive away from neighborhoods such as Hollywood, Downtown, West Hollywood and Beverly Hills. It is also located close to the Metro B Line (Red) at Vermont/Beverly Station stop.

Listed by Trevor Bergher | BRE #02103899 | Westside Estate Agency Inc.
Last checked: 14 minutes ago | Last updated: June 18th, 2024 | Source CRMLS | DOM: 18
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Home details

Lot Sq. Ft
12,774
HOA Dues
$0/mo
Year built
1954
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24401255
City
Los Angeles
County
Los Angeles
Time on Site
16 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,199
  • Total Rent: $2,398
  • Pro Forma/Market Rent: $3,990
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,194
  • Total Rent: $1,194
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,554
  • Total Rent: $1,554
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,226
  • Total Rent: $1,226
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,612
  • Total Rent: $1,612
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,260
  • Total Rent: $1,260
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 9
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,658
  • Total Rent: $4,974
  • Pro Forma/Market Rent: $5,985
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,201
  • Total Rent: $1,201
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 11
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,127
  • Total Rent: $2,254
  • Pro Forma/Market Rent: $3,990
Unit Breakdown 12
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,465
  • Total Rent: $1,465
  • Pro Forma/Market Rent: $1,995
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12.42
  • Gross Scheduled Income: --
  • Net Operating Income: $162,761
  • Gross Operating Income: $268,596
  • Other Income 1: $268,596
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 634 N Kingsley Dr

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Kitchen Information
  • Has Appliances
  • Dishwasher
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 13
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 16
  • Parcel Number: 5521007022
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Beverly Blvd / South of Melrose Ave / West of Normandie Ave / East of Western Ave
View more facts & features

Local Los Angeles Agent

Sale History for 634 N Kingsley Dr

Last sold for $2,400,000 on February 27th, 2015

  • June, 2024

  • Jun 10, 2024

    Date

    Active

    CRMLS: 24401255

    $3,395,000

    Price

  • February, 2015

  • Feb 27, 2015

    Date

    Sold (Public Records)

    Public Records

    $2,400,000

    Price

  • December, 2012

  • Dec 12, 2012

    Date

    Sold (Public Records)

    Public Records

    $2,050,000

    Price

Show More

Tax History for 634 N Kingsley Dr

Assessed Value (2020): $2,637,650
Year Land Value Improved Value Assessed Value
2020 $1,846,216 $791,434 $2,637,650

Home Value Compared to the Market

This property vs the competition

634 N Kingsley Dr is listed 171.82% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $778 and this home is listed at $293.58 per/sqft which puts the price per square foot 62.26% lower than the median price per square foot for the city of Los Angeles.

About 634 N Kingsley Dr

Detailed summary of property

634 N Kingsley Dr is a multi family located in Los Angeles, CA 90004 and is currently for sale. This multi family property offers 16 bedrooms, 16 bathrooms, roughly 11,564 living square feet, and sits on an approximately 12,774 square foot lot. 634 N Kingsley Dr was first listed on ArdentRealEstateGroup.com on June 11, 2024. The homeowner is currently asking $3,395,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $778. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 171.82% higher than the median priced home. Local competing homes currently for sale include 406 S St Andrews Pl, 4212 Lockwood Ave and 3522 Bellevue Ave. While the average home in Los Angeles, CA is selling in 98 days, 634 N Kingsley Dr has a days on market of 18 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 634 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 634 N Kingsley Dr

Public county record property details
Beds
8
Baths
8
Year built
1954
Sq. Ft.
11,564
Lot Size
12,770
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1,2
APN
5521-007-022

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
$1,300,000
Median List Price/Sq.Ft.
$764
Median Sold Price
$1,075,000
Median Sold Price/Sq.Ft.
$764
Total Inventory
69
Median Sale to List Price %
93.56%
Avg Days on Market
31
Loan Type
Conventional (14.29%), FHA (0%), VA (0%), Cash (14.29%), Other (28.57%)

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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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