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1031 S Kingsley Dr

Los Angeles, CA 90006
  • $1,790,000
  • STATUS: Active
  • ON SITE: 104 days
  • ID#: 21-704532
UPDATED: 143 min ago
$1,790,000
  • 11
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,736
    SQFT
  • $378
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1963
County:
Area:

School Ratings & Info

Description

Development Opportunity in a Qualified Opportunity Zone. The unit mix consists of three 2 bed+1bath, two 1 bed+1bath, one 3 bed+2bath, and 8 Parking on-site. Each unit is separately metered for gas and electricity. Easy access to major employment and entertainment hubs of Downtown LA & Hollywood. Ideally located near the 10 freeway and in close proximity the Metro Red Line Wilshire/Normandie & Western stations. All tenants at the property are paying rent on time. No default tenants in prior the COVID-19. Good upside potential with some low rents. SEISMIC RETRIFITTING COMPLETED!! All requests are preferred by email.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-24T23:43:10.37. 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.trulinerealty.com/homes/115046225
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1031 S Kingsley Dr Los Angeles, CA 90006

  • Price: $1,790,000
  • Status: Active
  • Updated: 143 min ago
  • ID#: 21-704532
11
Beds
0
Baths
0
½ Baths
0.14
Acres
4,736
SQFT
$378
$/SQFT
1963
Built
Neighborhood:
Mid-Wilshire
County:
Los Angeles
Area:
Mid-Wilshire
Property Description
Development Opportunity in a Qualified Opportunity Zone. The unit mix consists of three 2 bed+1bath, two 1 bed+1bath, one 3 bed+2bath, and 8 Parking on-site. Each unit is separately metered for gas and electricity. Easy access to major employment and entertainment hubs of Downtown LA & Hollywood. Ideally located near the 10 freeway and in close proximity the Metro Red Line Wilshire/Normandie & Western stations. All tenants at the property are paying rent on time. No default tenants in prior the COVID-19. Good upside potential with some low rents. SEISMIC RETRIFITTING COMPLETED!! All requests are preferred by email.
Exterior Features

Direction Faces East Levels One Lot Size Area 5901 Other Structures None Parking Garage GatedSide By SideParking Space Style Low Rise Total Parking 8 View Description CityWalk StreetCity Lights View YN Yes

Interior Features

Bathroom Features TileShower Over TubLow Flow Toilet(S)Low Flow Shower(S) Baths Total 7.00 Common Walls Attached Cooking Appliances Free Standing GasCooktop - Gas Cooling Wall/WindowAir Conditioning Equipment Range/OvenGarbage Disposal Fireplace Rooms None Flooring CarpetMixedTileLaminateLinoleum Heating Wall GasHeat Pump Laundry Community Laundry Equipment Lease Water Heater Features Gas

Property Features

Assessed Total Value 1387200 Gross Income 98300 Gross Operating Income 98300 Like Units1 6 Net Operating Income 61619.00 Number Of Buildings 1 Number Of Units 6 Owner Pays GardenerWater Property Condition Updated/Remodeled Rent Control YN Yes Sale Type Standard Security Features Carbon Monoxide Detector(S)GatedSmoke Detector Source Living Area Assessor Source Lot Size Area Assessor Source Lot Size Dimensions Assessor Tenant Pays GasElectricity Total Annual Expense 36682 Type Of Units Apartment Water Heaters YN Yes Year Built Source Assessor Zoning Lar4

Listing provided courtesy of Kyi Lee DRE#01815410 of Korus Real Estate.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-24T23:43:10.37. 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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TruLine Realty
2999 Overland Ave., Suite 116
Los Angeles CA, 90064