950 N Kingsley Dr, Los Angeles, CA 90029

Image 2 for 950 N Kingsley Dr, Los Angeles, CA 90029

View Photos

950 N Kingsley Dr Los Angeles, CA 90029

$1,175,000 Sold Price as of 12/01/2023

7 Beds
6 Baths
3,101 Sq.Ft.

Sold

$1,175,000 Sold Price as of 12/01/2023 Refinance Your Mortgage

Refinance Your Mortgage

Map preview of 950 N Kingsley Dr, Los Angeles, CA 90029

Property Overview: 950 N Kingsley Dr Los Angeles, CA has 7 bedrooms, 6 bathrooms, 3,101 living square feet and 7,588 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Owner user opportunity! Fix up and rent! Potential development site for 16 units! Triplex Investment opportunity in East Hollywood. The front unit was constructed in 1920 featuring 3 bedrooms 2 bathrooms. The front unit is seller occupied and has been untouched in years providing an opportunity for a new owner to remodel the front unit and capitalize on market rent. Front house likely has deferred maintenance. The rear two units were built in 1949, each featuring 2 bedrooms and 2 bathrooms, one of which is a townhome style unit. Both 2 bed units delivered vacant at closing. The 3 bed unit is owner occupied, needs 60-90 days to relocate after closing. The property also features potential for redevelopment. Per Brickwork you can develop 9 multifamily units by right, or 16 units with TOC Tier 2. This excellent East Hollywood location features a Walk Score of 85 out of 100 and is minutes away from tenant daily needs, nightlife, restaurants and much more! Some of the household names in the area include Home Depot, McDonald's, Erewhon, Chick Fil A, Jons International Marketplace, Target, Rite Aid, and much more! Tenants have easy access to local public schools, hospitals, and the Sunset Gower Studios.

Listed by Andy Anubhav Kawatra | BRE #01881930 | Andy Anubhav Kawatra

Last checked: 1 minute ago | Last updated: December 4th, 2023 | Source CRMLS | DOM: 27

Home details

Lot Sq. Ft: 7,588
HOA Dues: $0/mo
Year built: 1920
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 23299863
City: Los Angeles
County: Los Angeles
Time on Site: 265 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 3
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 2
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $2,800

Unit Breakdown 2

# of Units: 1
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $3,500

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 6.4%
Gross Rent Multiplier: 11.45
Gross Scheduled Income: --
Net Operating Income: $79,974
Gross Operating Income: $105,924

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 950 N Kingsley Dr

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Driveway

Property Information

Total # of Units: 3
Parcel Number: 5537024026

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Location / Neighborhood

Location Information

Directions: on Kingsley South of Romaine

View more facts & features

Local Los Angeles Agent

Sale History for 950 N Kingsley Dr

Last sold for $1,175,000 on December 1st, 2023

December, 2023
Dec 1, 2023

Date

Sold

CRMLS: 23299863

$1,175,000

Price
Aug 10, 2023

Date

Active

CRMLS: 23299863

$1,250,000

Price
March, 2023
Mar 16, 2023

Date

Expired

CRMLS: 22201469

$1,500,000

Price
Sep 20, 2022

Date

Active

CRMLS: 22201469

$1,500,000

Price
Listing provided courtesy of CRMLS

A Triplex Investment opportunity in East Hollywood. Front unit was originally constructed in 1920 featuring 3 bedrooms 2 bathrooms. The front unit is seller occupied and has been untouched in years providing an opportunity for a new owner to remodel the front unit and capitalized on the highest market rent possible. The rear two units were built in 1949, each featuring 2 bedrooms and 2 bathrooms. The rear two units have been remodeled with laminate flooring with newer bathrooms and kitchens. Seller lives in the front house and will rent the unit back on a month-to-month basis. Seller will eventually vacate the unit when a new residence is found. This excellent East Hollywood location features a Walk Score of 85 out of 100 and is minutes away from tenant daily needs, nightlife, restaurants and much more! Some of the household names in the area include Home Depot, McDonald's, Erewhon, Chick Fil A, Jons International Marketplace, Target, Rite Aide, and much more! Tenants have easy access to local public schools, hospitals, and the Sunset Gower Studios.

Continue Reading
July, 2021
Jul 10, 2021

Date

Expired

CRMLS: 21716146

$1,300,000

Price
Jun 25, 2021

Date

Active

CRMLS: 21716146

$1,300,000

Price
Jun 17, 2021

Date

Active Under Contract

CRMLS: 21716146

$1,300,000

Price
Apr 7, 2021

Date

Active

CRMLS: 21716146

$1,300,000

Price
Listing provided courtesy of CRMLS

Hollywood Triplex investment opportunity with tremendous upside. Zoned for multi family development adjacent to Silverlake. The Property's Proximity To The Sunset Junction, Los Angeles City College And The Metro Station Provide Convenient Housing in Gentrifying Sub-Market . Property is zoned R3 that allows nine units by right, Developers can also take advantage of a Tier 2 TOC Bonus and receive a 60% unit count increase, 45% increase in FAR and height bonus of 1 story up to 11 feet (Buyer to verify) Each unit comes with washer/dryer hook up ideal for tenants. Two of the units are vacant and are ready to be brushed up for new tenants. Additional room attached to the main house without permits.

Continue Reading
September, 2020
Sep 1, 2020

Date

Expired

CRMLS: P0-820001681

$1,249,000

Price
Jun 29, 2020

Date

Withdrawn

CRMLS: P0-820001681

$1,249,000

Price
May 12, 2020

Date

Active

CRMLS: P0-820001681

$1,249,000

Price
Listing provided courtesy of CRMLS

Bread and Butter income property in up and coming East Hollywood neighborhood. Wow GRM of 13.05, absolutely unheard of in this market. Nice architecture, huge piece of land, separate gas and electrical meters. Property is an investor's dream. Front unit will be delivered vacant, perfect for bringing up to current market rent. Front unit consist of 3 bed 2 bath home, Middle unit and Back unit are both 2 bed 2 bath.

Continue Reading
June, 2020
Jun 1, 2020

Date

Expired

CRMLS: P0-820000116

$1,249,000

Price
May 12, 2020

Date

Withdrawn

CRMLS: P0-820000116

$1,249,000

Price
Mar 4, 2020

Date

Price Change

CRMLS: P0-820000116

$1,249,000

Price
Jan 9, 2020

Date

Active

CRMLS: P0-820000116

$1,269,000

Price
Listing provided courtesy of CRMLS

Bread and Butter income property in up and coming East Hollywood neighborhood. Wow GRM of 13.05, absolutely unheard of in this market. Nice architecture, huge piece of land, separate gas and electrical meters. Property is an investor's dream. Front unit will be delivered vacant, perfect for bringing up to current market rent. Front unit consist of 3 bed 2 bath home, Middle unit and Back unit are both 2 bed 2 bath.

Continue Reading
December, 2019
Dec 29, 2019

Date

Expired

CRMLS: 19471338

$1,299,000

Price
Jul 16, 2019

Date

Price Change

CRMLS: 19471338

$1,299,000

Price
Jun 19, 2019

Date

Price Change

CRMLS: 19471338

$1,349,000

Price
May 30, 2019

Date

Active

CRMLS: 19471338

$1,399,000

Price
Listing provided courtesy of CRMLS

Hollywood Triplex investment opportunity with tremendous upside. Zoned for multi family development adjacent to Silverlake. The Property's Proximity To The Sunset Junction, Los Angeles City College And The Metro Station Provide Convenient Housing in Gentrifying Sub-Market . Property is zoned R3 that allows 9 units by right. Developers can also take advantage of a Tier 2 TOC Bonus and receive a 60% unit count increase, 45% increase in FAR and height bonus of 1 story up to 11 feet (Buyer to verify).*with 1 additional Studio unit may not have been permitted as a separate unit but as a room addition according to LADBS*

Continue Reading
April, 2019
Apr 29, 2019

Date

Canceled

CRMLS: 19440772

$1,450,000

Price
Mar 6, 2019

Date

Active

CRMLS: 19440772

$1,450,000

Price
Listing provided courtesy of CRMLS

950 N. Kinsgley Dr. is a multifamily investment opportunity with tremendous upside. The front owner's unit will be delivered vacant, giving an investor a wonderful opportunity to renovate and get a substantial rent bump. The owner's unit has not been updated and would greatly benefit from a facelift.Additionally, given the zoning, location and lot size the property has great development potential for a new apartment building. The property sits on a 7,588 square foot lot zoned R3-1XL that allows 9 units by right, a 3:1 FAR and 2 stories or 30 feet1. Developers can also take advantage of a Tier 2 TOC Bonus and receive a 60% unit count increase, 45% increase in FAR and height bonus of 1 story up to 11 feet (Buyer to verify).*Studio unit may not be permitted as a separate unit but as a room addition according to LADBS*

Continue Reading
July, 2017
Jul 14, 2017

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 950 N Kingsley Dr

Assessed Value (2020): $513,610

Year	Land Value	Improved Value	Assessed Value
2020	$216,187	$297,423	$513,610

Home Value Compared to the Market

This property vs the competition

950 N Kingsley Dr sold on December 1, 2023 for 5.04% 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 $403.1 per/sqft which puts the price per square foot 46.61% lower than the current median sale per square foot for the city of Los Angeles.

About 950 N Kingsley Dr

Detailed summary of property

950 N Kingsley Dr is a multi family that recently sold in Los Angeles, CA 90029. This multi family property offered 7 bedrooms, 6 bathrooms, roughly 3,101 living square feet, and sits on an approximately 7,588 square foot lot. 950 N Kingsley Dr was first listed on ArdentRealEstateGroup.com on August 11, 2023. The homeowner sold the property for $1,175,000. 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 5.04% higher than the current median priced home. Local homes that are currently for sale include 5415 Monroe St, 519 N Alexandria Ave and 5228 De Longpre Ave. While the average home in Los Angeles, CA is selling in 96 days, 950 N Kingsley Dr has a days on market of 27 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 950 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 950 N Kingsley Dr

Public county record property details

Beds: 7
Baths: 4
Year built: 1920
Sq. Ft.: 3,101
Lot Size: 7,588
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 54
APN: 5537-024-026

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

$1,199,000

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%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Homes for Sale Near 950 N Kingsley Dr

Nearby Homes for Sale

957 N Ardmore Ave, Los Angeles, CA 90029

Recently Sold Homes Near 950 N Kingsley Dr

924 N Kingsley Dr, Los Angeles, CA 90029

$1,850,000 Last Sold Price

12 Beds

8 Baths

6676 Sq.Ft.

924 N Kingsley Dr
Los Angeles, CA 90029

$1,175,000 Last Sold Price

8 Beds

6 Baths

3787 Sq.Ft.

963 N Harvard
Los Angeles, CA 90029

837 N Kingsley Dr, Los Angeles, CA 90029

$3,400,000 Last Sold Price

16 Beds

16 Baths

6848 Sq.Ft.

837 N Kingsley Dr
Los Angeles, CA 90029

$1,189,900 Last Sold Price

6 Beds

4 Baths

2560 Sq.Ft.

5150 Romaine St
Los Angeles, CA 90029

Related Resources to 950 N Kingsley Dr

New Listings in 90029

Popular Zip Codes

Popular Cities

Other Los Angeles Resources

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.