1144 South Kingsley Drive

Los Angeles, CA 90006

$1,590,000
Price
9
Beds
7
Baths
4,121 Sq. Ft.
$386 / Sq. Ft.
4,121
Sq. Ft.
$386
per Sq. Ft.

Description

Coldwell Banker Realty is pleased to present the opportunity to acquire a four-unit apartment building in the Olympic Park-Koreatown neighborhood of Los Angeles. This property boasts a diverse unit mix, featuring 2 three-bedroom and two-bathroom units, 1 two-bedroom and two-bathroom unit, and 1 one-bedroom and one-bathroom unit. Gas and electricity are independently metered, while water is centrally metered. The construction combines stucco and wood-frame elements and offers 5 parking spaces for...Coldwell Banker Realty is pleased to present the opportunity to acquire a four-unit apartment building in the Olympic Park-Koreatown neighborhood of Los Angeles. This property boasts a diverse unit mix, featuring 2 three-bedroom and two-bathroom units, 1 two-bedroom and two-bathroom unit, and 1 one-bedroom and one-bathroom unit. Gas and electricity are independently metered, while water is centrally metered. The construction combines stucco and wood-frame elements and offers 5 parking spaces for on-site tenants. Given that rents are currently below market value and the area is undergoing continued gentrification, investors will recognize the value in seizing this opportunity.
  1. Listed by Bo Hyeok Kim • DRE #01968218 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 1144 South Kingsley Drive

Zoning
LAR3
Parcel Number
5080029016
Total Units
4.0
Living Area
4121
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
0
Lot Size Area
5907
LISTING UPDATED: 10/08/2024 07:27 AM

Property Details for 1144 South Kingsley Drive

StatusActive
MLS #24-377217
Days on Market235
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.14 AC / 5,907 SF
CountyLos Angeles County

Building Information for 1144 South Kingsley Drive

Stories-Residences-Year Built1922Building Size-Lot Size0.14 AC / 5,907 SF

Property Information for 1144 South Kingsley Drive

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 3
  • Type Of Units: 4
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $81,257
  • Net Operating Income: $33,257.00
  • Gross Income: $81,257
  • Gross Rent Multiplier: $19.56
  • Total Annual Expense: 48000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1357
  • Lot Size Square Feet: 5907
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 5
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 04-07-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,140.00
  • Unit Actual Rent: $2,140.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,214.00
  • Unit Actual Rent: $1,214.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,033.00
  • Unit Actual Rent: $2,023.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,384.00
  • Unit Actual Rent: $1,384.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $455,685.00
  • Assessed Improvement Percent: 30.04
  • Assessed Land Value: $1,061,479.00
  • Assessed Land Percent: 69.96
  • Assessed Total Value: $1,517,164.00

Property History for 1144 South Kingsley Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1144 South Kingsley Drive

Taxable ValueLand$1,082,708Additions$464,798Total$1,547,506
Tax Record2024$19,174 ($1,598 / month)
Home Facts
Total Finished SqFt4,121 SqFtAbove Grade Finished SqFt4,121 SqFtLot Size5,907 SqFtStyleQuadraplexYear Built1922ZoningLAR3CountyLOS ANGELESAPN5080-029-016

Schools near 1144 South Kingsley Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Los Angeles Elementary School
PublicK to 5

Berendo Middle School
Public6 to 8

West Adams Preparatory High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1144 South Kingsley Drive is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on April 7, 2024 by Coldwell Banker Realty, it's currently listed at $1,590,000. It has been on the market for a total of 235 days and was last sold on December 11, 2017. This listing's school district is Los Angeles Unified School District. Nearby schools include Los Angeles Elementary School, Berendo Middle School and West Adams Preparatory High School. 1144 South Kingsley Drive is a 9-bed, 7-bath, 4,121 sqft multi-family home built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Bo Hyeok Kim, DRE #01968218

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.