1150 North Kingsley Drive
$1,299,999
5
7
3,199
3,199
$406
Description
We are pleased to present the opportunity to acquire a fixer 6 unit apartment building in East Hollywood! 4 of the 6 units will be delivered VACANT and present the ideal situation for a buyer to remodel and renovate the vacant units right away! The building consists of 2 structures--the front building consists of 5 units and the back building consists of 1 unit. ALL the units are in a heavy fixer condition. There are also 4 detached garages in the back lot, which can be converted to one or more ADUs....We are pleased to present the opportunity to acquire a fixer 6 unit apartment building in East Hollywood! 4 of the 6 units will be delivered VACANT and present the ideal situation for a buyer to remodel and renovate the vacant units right away! The building consists of 2 structures--the front building consists of 5 units and the back building consists of 1 unit. ALL the units are in a heavy fixer condition. There are also 4 detached garages in the back lot, which can be converted to one or more ADUs. The spacious +/- 7,895 sq. ft. lot. also presents the opportunity to build additional ADUs on the lot. Upon renovating and repositioning the units, the buyer can realize annual rental income of at least $175,200. Located in an Opportunity Zone, the building could provide potential tax benefits for a buyer! The buyer also has the option to revise the unit interior floor plans to maximize revenue. Given the building's central location in the bustling rental Hollywood rental market and close to Virgil Village, Melrose Hill, and the numerous establishments across Santa Monica Blvd., this is a value-add investment not to be missed!
- Listed by Anie Mayelian • DRE #00778825 • Brokerage DRE #01872625 • Keller Williams Realty Calabasas • 818-915-9118
- Listed by Aleen Mayelian • DRE #02198281 • Brokerage DRE #01872625 • Keller Williams Realty Calabasas
Property Details for 1150 North Kingsley Drive
Parking Spaces Total
4
Private PoolNo
Total Units6.0
Building TypeAttached
Lot Size SourceAssessor
Living Area3199
Assessor Parcel Number5537-015-008
Property Attached YNtrue
LISTING UPDATED: 09/04/2024 12:01 AM
Property Details for 1150 North Kingsley Drive
Status | Active |
---|---|
MLS # | SR24182288 |
Days on Market | 77 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1928 |
County | Los Angeles County |
Building Information for 1150 North Kingsley Drive
Building/Complex1150 N Kingsley DrFloor-Stories2Residences-Pet Policy-Year Built1928Building Size-
Property Information for 1150 North Kingsley Drive
Property History for 1150 North Kingsley Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1150 North Kingsley Drive
Taxable ValueLand$298,264Additions$1,645Total$299,909
Tax Record2024$4,478 ($373 / month)
Home Facts
Total Finished SqFt3,199 SqFtAbove Grade Finished SqFt3,199 SqFtLot Size7,895 SqFtStyleMulti-Family Res (5+ Units)ZoningLARD1.5CountyLOS ANGELESAPN5537-015-008
Schools near 1150 North 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 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Kingsley Elementary School PublicK to 5 | ||
Joseph Le Conte Middle School Public6 to 8 | ||
STEM Academy at Bernstein High Public9 to 12 | ||
Helen Bernstein 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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