724 N Kingsley Dr, Los Angeles, CA 90029

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724 N Kingsley Dr Los Angeles, CA 90029

$1,500,000 Sold Price as of 03/04/2022

6 Beds
4 Baths
2,715 Sq.Ft.

Sold

$1,500,000 Sold Price as of 03/04/2022 Refinance Your Mortgage

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Map preview of 724 N Kingsley Dr, Los Angeles, CA 90029

Property Overview: 724 N Kingsley Dr Los Angeles, CA has 6 bedrooms, 4 bathrooms, 2,715 living square feet and 8,772 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer for sale this incredible development opportunity, located in the prestigious Hollywood submarket.The site offers a zoning ordinance of LARD-1.5, which allows for the construction of 5 units by right. With a Tier 2 TOC, this allows for the development of an additional 4 units, totaling a potential 9 buildable units.The property features a premier location, walking distance to numerous amenities and employment centers (Walk Score of 85) and within close proximity to some of the biggest names in the entertainment industry such as Netflix, Sunset Gower Studios, Paramount Studios, Viacom, and NBC Universal.

Listed by Adam Shamooelian | BRE #02116849 | Keller Williams Beverly Hills
Co-listed by Davis Saadian | BRE #01921748 | Keller Williams Beverly Hills

Last checked: 4 seconds ago | Last updated: March 22nd, 2023 | Source CRMLS | DOM: 26

Home details

Lot Sq. Ft: 8,772
HOA Dues: $0/mo
Year built: 1912
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 21106351
City: Los Angeles
County: Los Angeles
Time on Site: 903 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $3,000
Total Rent: $3,000
Pro Forma/Market Rent: $3,000

Unit Breakdown 2

# of Units: 1
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $3,000
Total Rent: $3,000
Pro Forma/Market Rent: $3,000

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 724 N Kingsley Dr

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 6
Has Parking

Property Information

Total # of Units: 2
Parcel Number: 5535036021

Location / Neighborhood

Location Information

Directions: 724 N Kingsley Dr, 90029

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Local Los Angeles Agent

Sale History for 724 N Kingsley Dr

Last sold for $1,500,000 on March 4th, 2022

March, 2023
Mar 22, 2023

Date

Canceled

CRMLS: 22201705

$1,795,000

Price
Sep 20, 2022

Date

Active

CRMLS: 22201705

$1,895,000

Price
Listing provided courtesy of CRMLS

Motivated Seller! Just Reduced, RD1.5 lot with RTI plans to build 6 residential units. This project will consist of 3 separate dwellings with 2 units per dwelling (3 duplexes). Everything is above ground, no underground or excavation is necessary. These plans were submitted in 2021, so no need to worry about SB8 or SB9 restrictions. If you are looking for your next, turn key project, this is it. Freeway access to the 101 is easy, although it often turns into a parking lot. Thanks to its proximity to several Metro Red Line stops including Vermont/Santa Monica and Vermont/Sunset East Hollywood is quite accessible to Downtown, Hollywood, and the valley for those that don't.

Continue Reading
March, 2023
Mar 22, 2023

Date

Canceled

CRMLS: 22192803

$1,795,000

Price
Aug 22, 2022

Date

Active

CRMLS: 22192803

$1,995,000

Price
Listing provided courtesy of CRMLS

Motivated Seller! Just Reduced, RD1.5 lot with RTI plans to build 6 residential units. This project will consist of 3 separate dwellings with 2 units per dwelling (3 duplexes). Everything is above ground, no underground or excavation is necessary. These plans were submitted in 2021, so no need to worry about SB8 or SB9 restrictions. If you are looking for your next, turnkey project, this is it. Freeway access to the 101 is easy, although it often turns into a parking lot. Thanks to its proximity to several Metro Red Line stops including Vermont/Santa Monica and Vermont/Sunset East Hollywood is quite accessible to Downtown, Hollywood, and the valley for those that don't.

Continue Reading
July, 2022
Jul 26, 2022

Date

Canceled

CRMLS: 22168438

$2,095,000

Price
Jun 15, 2022

Date

Active

CRMLS: 22168438

$2,095,000

Price
Listing provided courtesy of CRMLS

Global Platinum Properties is proud to offer this great opportunity to acquire a vacant lot with RTI plans to build 6 residential units. This project will consist of 3 separate dwellings with 2 units per dwelling (3 duplexes). The project will net 9,872 GLA (EXCLUDING GARAGES), 26 BEDROOMS & 22 BATHROOMS. Everything is above ground, no underground or excavation is necessary. These plans were submitted in 2021, so no need to worry about SB8 or SB9 restrictions. If you are looking for your next, turn key project, this is it. Freeway access to the 101 is easy, although it often turns into a parking lot. Thanks to its proximity to several Metro Red Line stops including Vermont/Santa Monica and Vermont/Sunset East Hollywood is quite accessible to Downtown, Hollywood, and the valley.

Continue Reading
March, 2022
Mar 4, 2022

Date

Sold

CRMLS: 21106341

$1,500,000

Price
Nov 18, 2021

Date

Active

CRMLS: 21106341

$1,550,000

Price
Listing provided courtesy of CRMLS
March, 2022
Mar 4, 2022

Date

Sold

CRMLS: 21106351

$1,500,000

Price
Nov 18, 2021

Date

Active

CRMLS: 21106351

$1,550,000

Price
May, 2007
May 11, 2007

Date

Sold (Public Records)

Public Records

$800,000

Price
May, 1998
May 6, 1998

Date

Sold (Public Records)

Public Records

$160,000

Price

Tax History for 724 N Kingsley Dr

Assessed Value (2020): $980,043

Year	Land Value	Improved Value	Assessed Value
2020	$735,035	$245,008	$980,043

Home Value Compared to the Market

This property vs the competition

724 N Kingsley Dr sold on March 4, 2022 for 30.25% 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 $570.9 per/sqft which puts the price per square foot 24.38% lower than the current median sale per square foot for the city of Los Angeles.

About 724 N Kingsley Dr

Detailed summary of property

724 N Kingsley Dr is a multi family that recently sold in Los Angeles, CA 90029. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 2,715 living square feet, and sits on an approximately 8,772 square foot lot. 724 N Kingsley Dr was first listed on ArdentRealEstateGroup.com on November 18, 2021. The homeowner sold the property for $1,500,000. 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 30.25% higher than the current median priced home. Local homes that are currently for sale include 4214 Rosewood Ave, 1150 N Kingsley Dr and 4938 Maplewood Ave. While the average home in Los Angeles, CA is selling in 94 days, 724 N Kingsley Dr has a days on market of 26 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 724 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 724 N Kingsley Dr

Public county record property details

Beds: 6
Baths: 2
Year built: 1912
Sq. Ft.: 2,715
Lot Size: 8,771
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 65
APN: 5535-036-021

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

Median Sale to List Price %

95.36%

Avg Days on Market

Loan Type

Conventional (60%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Homes for Sale Near 724 N Kingsley Dr

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2790 Sq.Ft.

817 N Kingsley Dr
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626-630 N Kingsley Dr, Los Angeles, CA 90004

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837 N Kingsley Dr, Los Angeles, CA 90029

$3,400,000 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.