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    1031 S Kingsley Dr

    Los Angeles, CA 90006
    • $1,790,000
    • STATUS: Active
    • ON SITE: 37 days
    • ID#: 21-773342
    UPDATED: 15 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 2021-09-23T07:42:26.953. 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.brandiprattrealestate.com/homes/120534440
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    1031 S Kingsley Dr Los Angeles, CA 90006

    • Price: $1,790,000
    • Status: Active
    • Updated: 15 min ago
    • ID#: 21-773342
    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 Side By SideParking SpaceGated Total Parking 6

    Interior Features

    Baths Total 7.00 Cooking Appliances Cooktop - GasFree Standing GasOven-Gas Cooling Ceiling FanWall Unit(S)Wall/Window Equipment Garbage DisposalRange/OvenHood Fan Flooring LaminateMixedTileCarpetLinoleum Heating Heat PumpWall Gas Laundry Laundry AreaCommunity Laundry Equipment Lease

    Property Features

    Assessed Total Value 1472105 Gross Income 98300 Gross Operating Income 98300 Like Units1 6 Net Operating Income 61619.00 Number Of Buildings 1 Number Of Units 1 Owner Pays GardenerWater Property Condition Updated/Remodeled Sale Type Standard Security Features GatedSmoke DetectorCarbon Monoxide Detector(S) Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Tenant Pays GasElectricity Total Annual Expense 36682 Type Of Units Apartment Year Built Source Vendor Enhanced 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 2021-09-23T07:42:26.953. 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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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583