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

$2,250,000 Sold Price as of 02/04/2020
  • 7 Beds
  • 9 Baths
  • -- Sq.Ft.
Sold
$2,250,000 Sold Price as of 02/04/2020 Refinance Your Mortgage
Map preview of 848 S Kingsley Dr, Los Angeles, CA 90005

Property Overview: 848 S Kingsley Dr Los Angeles, CA has 7 bedrooms, 9 bathrooms, -- living square feet and -- square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The subject property is a pre-war, 9 unit apartment complex built in 1938 and located in the prime Koreatown market of Los Angeles. Ideally situated on Kingsley Drive, just south of Wilshire Blvd. and east Western Ave. This homage to French Normandy architecture boasts a mix of one 2 bedroom, 1 bathroom unit, five 1 bedroom, 1 bathroom units, and three studios. The prime location allows occupants to enjoy all of Koreatown's entertainment, dining and culture. The improvements are built on a 6,751 square foot lot with a total rentable square footage of 5,208.Each well maintained unit is individually metered for gas and electricity and there are 8 on-site parking spaces.

Listed by Morgan McMullin | BRE #01716570 | Compass
Co-listed by Dario Svidler | BRE #01884474 | Compass
Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft
--
HOA Dues
$0/mo
Year built
1938
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19532578
City
Los Angeles
County
Los Angeles
Time on Site
1267 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,174
  • Total Rent: $3,522
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 2
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,496
  • Total Rent: $7,482
  • Pro Forma/Market Rent: $9,250
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,504
  • Total Rent: $1,504
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.99
  • Gross Scheduled Income: --
  • Net Operating Income: $97,393
  • Gross Operating Income: $145,593
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 848 S Kingsley Dr

Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Uncovered
Property Information
  • Total # of Units: 9
  • Parcel Number: 5093024004
Location / Neighborhood
Location Information
  • Directions: Ideally situated on Kingsley Drive, just south of Wilshire Blvd. and east Western Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 848 S Kingsley Dr

Last sold for $2,250,000 on February 4th, 2020

  • February, 2020

  • Feb 5, 2020

    Date

    Sold

    CRMLS: 19532578

    $2,250,000

    Price

  • Dec 9, 2019

    Date

    Active Under Contract

    CRMLS: 19532578

    $2,100,000

    Price

  • Nov 25, 2019

    Date

    Active

    CRMLS: 19532578

    $2,100,000

    Price

  • February, 2020

  • Feb 4, 2020

    Date

    Sold (Public Records)

    Public Records

    $2,250,000

    Price

  • April, 2006

  • Apr 5, 2006

    Date

    Sold (Public Records)

    Public Records

    $1,190,000

    Price

Show More

Tax History for 848 S Kingsley Dr

Assessed Value (2020): $1,488,574
Year Land Value Improved Value Assessed Value
2020 $812,214 $676,360 $1,488,574

Home Value Compared to the Market

This property vs the competition

848 S Kingsley Dr sold on February 4, 2020 for 85.84% higher than the current median sold price for the city of Los Angeles which is $1,130,000.

About 848 S Kingsley Dr

Detailed summary of property

848 S Kingsley Dr is a multi family that recently sold in Los Angeles, CA 90005. This multi family property offered 7 bedrooms, 9 bathrooms, roughly -- living square feet, and sits on an approximately -- square foot lot. 848 S Kingsley Dr was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,250,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 85.84% higher than the current median priced home. Local homes that are currently for sale include 838 S Gramercy Pl, 940 S Gramercy Pl and 913 S Wilton Pl. While the average home in Los Angeles, CA is selling in 99 days, 848 S Kingsley Dr has a days on market of 14 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 848 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 848 S Kingsley Dr

Public county record property details
Beds
7
Baths
9
Year built
1938
Sq. Ft.
5,208
Lot Size
6,751
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
245
APN
5093-024-004

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%)

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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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