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    1157 S Kingsley Dr

    Los Angeles, CA 90006
    • $1,130,000
    • STATUS: Active
    • ON SITE: 27 days
    • ID#: 21-716598
    UPDATED: 38 min ago
    $1,130,000
    • 8
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,595
      SQFT
    • $435
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:
    Area:

    School Ratings & Info

    Description

    PRICE REDUCED ***Excellent investment opportunity with good upside income potential and future development !!! Well maintained property in the heart of Korea Town sits on a CORNER LOT of 5,900 sqft zoned in LAR3. Centrally located in high demanding with lots of developments around the area, easy access to Fwy, DTLA, Hollywood, W. LA. etc...The property is comprised of two separate buildings W detached garage, newly painted in recent years, changed copper plumbing, and placed new roofing. Easy to manage, the front 2 units are with dyrer/washer and hook up, the back unit tenants are long time tenants whose rent are below market rent, Individually metered for Gas and Electricity and each has its own water heater. Sold as-is condition.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-06T17:42:42.757. 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/115891204
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    1157 S Kingsley Dr Los Angeles, CA 90006

    • Price: $1,130,000
    • Status: Active
    • Updated: 38 min ago
    • ID#: 21-716598
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,595
    SQFT
    $435
    $/SQFT
    1922
    Built
    Neighborhood:
    Mid-Wilshire
    County:
    Los Angeles
    Area:
    Mid-Wilshire
    Property Description
    PRICE REDUCED ***Excellent investment opportunity with good upside income potential and future development !!! Well maintained property in the heart of Korea Town sits on a CORNER LOT of 5,900 sqft zoned in LAR3. Centrally located in high demanding with lots of developments around the area, easy access to Fwy, DTLA, Hollywood, W. LA. etc...The property is comprised of two separate buildings W detached garage, newly painted in recent years, changed copper plumbing, and placed new roofing. Easy to manage, the front 2 units are with dyrer/washer and hook up, the back unit tenants are long time tenants whose rent are below market rent, Individually metered for Gas and Electricity and each has its own water heater. Sold as-is condition.
    Exterior Features

    Exterior Construction Stucco Levels One Lot Description Fenced Lot Location Corner Lot Lot Size Area 5900 Other Structures Other Parking Garage Detached Pool Description Fenced Pool YN Yes Total Parking 3

    Interior Features

    Baths Total 4.00 Cooking Appliances Gas/Electric Range Cooling Wall/WindowWall Unit(S) Den No Dining Room No Equipment Range/OvenGas Or Electric Dryer Hookup Family Room No Heating Wall Laundry Inside Rooms Living Room

    Property Features

    Assessed Total Value 524893 Gross Income 62580 Gross Operating Income 62580 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 48780.00 Number Of Buildings 2 Number Of Units 4 Owner Pays WaterGardener Rent Control YN Yes Sale Type Standard Source Living Area Other Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityGas Total Annual Expense 13800 Type Of Units 4 Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Thomas K. Chung DRE#01775119 of Realtex Properties.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-06T17:42:42.757. 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