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1315 N Kingsley Dr

Los Angeles, CA 90027
  • $1,335,000
  • STATUS: Active Under Contract
  • ON SITE: 152 days
  • MLS #: 21-700298
Under Contract
UPDATED: 27 min ago
$1,335,000
  • 3
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,230
    SQFT
  • $413
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1955
County:
Area:

School Ratings & Info

Description

1315 N. Kingsley Drive, a 5-unit owner/use investment opportunity located just north of Fountain Avenue. Sitting on a 8,478 SF lot zoned LARD3, the property features (1) three-bedroom and two bath single-family residence and (4) studio units spread across two structures. Please note, the three-bedroom front house and (1) studio unit will be delivered VACANT upon COE. Property amenities include a large shared driveway, community yard and (2) one-car garages that have the opportunity to be converted to ADUs. 1315 N. Kingsley presents a value-add opportunity to investors, as current rents are approx. 20% below market value for nicely remodeled units in the area. With a location consistently under high-demand and significant upside in rents, 1315 N. Kingsley presents investors with the opportunity to purchase an asset with incredible promise in the ever-growing submarket of Hollywood.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-03T22:42:38.62. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.desertarealuxuryhomes.com/homes/114698885
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1315 N Kingsley Dr Los Angeles, CA 90027

  • Price: $1,335,000
  • Status: Active Under Contract
  • Updated: 27 min ago
  • MLS #: 21-700298
3
Beds
0
Baths
0
½ Baths
0.19
Acres
3,230
SQFT
$413
$/SQFT
1955
Built
Neighborhood:
Hollywood
County:
Los Angeles
Area:
Hollywood
Property Description
1315 N. Kingsley Drive, a 5-unit owner/use investment opportunity located just north of Fountain Avenue. Sitting on a 8,478 SF lot zoned LARD3, the property features (1) three-bedroom and two bath single-family residence and (4) studio units spread across two structures. Please note, the three-bedroom front house and (1) studio unit will be delivered VACANT upon COE. Property amenities include a large shared driveway, community yard and (2) one-car garages that have the opportunity to be converted to ADUs. 1315 N. Kingsley presents a value-add opportunity to investors, as current rents are approx. 20% below market value for nicely remodeled units in the area. With a location consistently under high-demand and significant upside in rents, 1315 N. Kingsley presents investors with the opportunity to purchase an asset with incredible promise in the ever-growing submarket of Hollywood.
Exterior Features

Cross Streets N. Kingsley Drive And Fountain Avenue Lot Size Area 8478 Other Structures None Parking Garage Garage - 1 CarShared Driveway Total Parking 4

Interior Features

Baths Total 6.00 Cooling OtherWall/Window Equipment Built-InsCeiling FanRefrigeratorFreezer Flooring WoodVinylTileCarpet Heating WallOther Water Heater Features Gas

Property Features

Assessed Total Value 113384 Gross Income 96540 Gross Operating Income 93644 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 62433.00 Number Of Buildings 2 Number Of Units 5 Sale Type Standard Security Features Exterior Security LightsGated Source Living Area Other Source Lot Size Area Other Total Annual Expense 30898 Type Of Units Apartments Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Max Berger DRE# of Compass.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-03T22:42:38.62. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The Sandi Phillips Team | Compass
74199 El Paseo, Suite 200
Palm Desert CA, 92260