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836 S Kingsley Dr, Los Angeles, CA 90005
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836 S Kingsley Dr Los Angeles, CA 90005

$1,650,000 Sold Price as of 07/01/2022
  • 9 Beds
  • 8 Baths
  • 5,728 Sq.Ft.
Sold
$1,650,000 Sold Price as of 07/01/2022 Refinance Your Mortgage
Map preview of 836 S Kingsley Dr, Los Angeles, CA 90005

Property Overview: 836 S Kingsley Dr Los Angeles, CA has 9 bedrooms, 8 bathrooms, 5,728 living square feet and 6,750 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Wonderful bread and butter, eight unit building located in the heart of Koreatown. With the all the restaurants, clubs and nightlife, this is a great area to invest in! The building consists of eight units - (1) two bed, one bath and (7) one bedroom, one bath. One unit is currently vacant - perfect for owner user or can easily be rented. Some units have been updated but most are original and in clean condition. Building also has onsite laundry room. Great for rental income or development possibilities, the R4 zoning allows for up to 29 units, buyer to verify with city.

Listed by Mitch Graves | BRE #01260315 | Century 21 Union Realty
Last checked: 12 minutes ago | Last updated: March 3rd, 2023 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft
6,750
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
SB22077918
City
Los Angeles
County
Los Angeles
Time on Site
808 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Electric Meters: 9
  • # of Gas Meters: 9
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $664
  • Total Rent: $664
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,284
  • Total Rent: $1,284
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,295
  • Total Rent: $1,295
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $726
  • Total Rent: $726
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $1,250
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $823
  • Total Rent: $823
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $752
  • Total Rent: $752
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $755
  • Total Rent: $755
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.81%
  • Gross Rent Multiplier: 17.58
  • Gross Scheduled Income: $90,940
  • Net Operating Income: $61,050
  • Gross Operating Income: $90,940
  • # of Rented Garages: 0
  • Laundry Income: $340
Annual Expense Breakdown
  • Total Operating Expense: $29,890
  • Electric: $0
  • Gas/Fuel: $120
  • Trash: $6,276
  • Gardener: $840
  • Insurance: $5,000
  • Maintenance: $9,554
  • Professional Management: $0
  • Water/Sewer: $8,100

Property Details for 836 S Kingsley Dr

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Vinyl
  • Living Room
Kitchen Information
  • Has Appliances
  • Gas Oven, Refrigerator
Interior Features
  • Levels: Two
  • Window Features: Wood Frames
  • Door Features: Panel Doors
Exterior Features
Exterior Information
  • Roof: Composition
  • No Fence
  • None
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Concrete
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 5093024006
  • Year Built Source: Assessor
  • Foundation Details: Slab
  • Property is Attached
  • Accessibility Features: None
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: Olympic - north on Kingsley
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 836 S Kingsley Dr

Last sold for $1,650,000 on July 1st, 2022

  • March, 2023

  • Mar 3, 2023

    Date

    Expired

    CRMLS: 22207316

    $1,695,000

    Price

  • Oct 10, 2022

    Date

    Active

    CRMLS: 22207316

    $1,800,000

    Price

  • Listing provided courtesy of CRMLS

    I am pleased to offer for sale an eight-unit apartment community located at 836 South Kingsley Drive. The subject property is located just south of Wilshire Boulevard within the dense Koreatown sub-market. Situated on a 6,750 square foot parcel, the property comprises of seven one-bedroom units and one two-bedroom unit. One of the units will be delivered vacant allowing new ownership to immediately renovate in order to achieve a market rental rate. The property has 99% remaining rental upside through unit renovations. The continued development of the surrounding area along with the value-add potential for a new owner to renovate units and achieve superior future returns moving forward makes 836 South Kingsley an excellent acquisition opportunity.

  • July, 2022

  • Jul 1, 2022

    Date

    Sold

    CRMLS: SB22077918

    $1,650,000

    Price

  • Apr 18, 2022

    Date

    Active

    CRMLS: SB22077918

    $1,599,000

    Price

  • September, 2018

  • Sep 28, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 2013

  • Mar 18, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 836 S Kingsley Dr

Assessed Value (2020): $890,276
Year Land Value Improved Value Assessed Value
2020 $588,372 $301,904 $890,276

Home Value Compared to the Market

This property vs the competition

836 S Kingsley Dr sold on July 1, 2022 for 25.51% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $279.16 per/sqft which puts the price per square foot 64.71% lower than the current median sale per square foot for the city of Los Angeles.

About 836 S Kingsley Dr

Detailed summary of property

836 S Kingsley Dr is a apartment that recently sold in Los Angeles, CA 90005. This apartment offered 9 bedrooms, 8 bathrooms, roughly 5,728 living square feet, and sits on an approximately 6,750 square foot lot. 836 S Kingsley Dr was first listed on ArdentRealEstateGroup.com on April 19, 2022. The homeowner sold the property for $1,650,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 25.51% higher than the current median priced home. Local homes that are currently for sale include 1248 S Manhattan Pl, 1326 S Mariposa Ave and 1116 S Berendo St. While the average home in Los Angeles, CA is selling in 100 days, 836 S Kingsley Dr has a days on market of 16 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 836 S Kingsley Dr Los Angeles, CA 90005 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 836 S Kingsley Dr

Public county record property details
Beds
8
Baths
8
Year built
1956
Sq. Ft.
5,728
Lot Size
6,749
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
247
APN
5093-024-006

The source for these homes facts are from public records.

90005 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$839,000
Median List Price/Sq.Ft.
$641
Median Sold Price
$750,000
Median Sold Price/Sq.Ft.
$548
Total Inventory
41
Median Sale to List Price %
97.53%
Avg Days on Market
19
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (50%), Other (25%)

Thinking of Selling?

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(714) 706-1823

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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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