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    1315 N Kingsley Dr

    Los Angeles, CA 90027
    • $1,360,000
    • STATUS: Active Under Contract
    • ON SITE: 43 days
    • ID#: 21-700298
    Under Contract
    UPDATED: 34 min ago
    $1,360,000
    • 3
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,230
      SQFT
    • $421
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:
    Area:

    School Ratings & Info

    Description

    1315 N. Kingsley Drive, a 5-unit owner/use investment opportunity located just north of Fountain Avenue. Sitting on a 8,478 SF lot zoned LARD3, the property features (1) three-bedroom and two bath single-family residence and (4) studio units spread across two structures. Please note, the three-bedroom front house and (1) studio unit will be delivered VACANT upon COE. Property amenities include a large shared driveway, community yard and (2) one-car garages that have the opportunity to be converted to ADUs. 1315 N. Kingsley presents a value-add opportunity to investors, as current rents are approx. 20% below market value for nicely remodeled units in the area. With a location consistently under high-demand and significant upside in rents, 1315 N. Kingsley presents investors with the opportunity to purchase an asset with incredible promise in the ever-growing submarket of Hollywood.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-16T09:42:36.79. 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.thepayabgroup.com/homes/114698885
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    1315 N Kingsley Dr Los Angeles, CA 90027

    • Price: $1,360,000
    • Status: Active Under Contract
    • Updated: 34 min ago
    • ID#: 21-700298
    3
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    3,230
    SQFT
    $421
    $/SQFT
    1955
    Built
    Neighborhood:
    Hollywood
    County:
    Los Angeles
    Area:
    Hollywood
    Property Description
    1315 N. Kingsley Drive, a 5-unit owner/use investment opportunity located just north of Fountain Avenue. Sitting on a 8,478 SF lot zoned LARD3, the property features (1) three-bedroom and two bath single-family residence and (4) studio units spread across two structures. Please note, the three-bedroom front house and (1) studio unit will be delivered VACANT upon COE. Property amenities include a large shared driveway, community yard and (2) one-car garages that have the opportunity to be converted to ADUs. 1315 N. Kingsley presents a value-add opportunity to investors, as current rents are approx. 20% below market value for nicely remodeled units in the area. With a location consistently under high-demand and significant upside in rents, 1315 N. Kingsley presents investors with the opportunity to purchase an asset with incredible promise in the ever-growing submarket of Hollywood.
    Exterior Features

    Cross Streets N. Kingsley Drive And Fountain Avenue Lot Size Area 8478 Other Structures None Parking Garage Garage - 1 CarShared Driveway Total Parking 4

    Interior Features

    Baths Total 6.00 Cooling OtherWall/Window Equipment Built-InsCeiling FanRefrigeratorFreezer Flooring WoodVinylTileCarpet Heating WallOther Water Heater Features Gas

    Property Features

    Assessed Total Value 113384 Gross Income 96540 Gross Operating Income 93644 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 62433.00 Number Of Buildings 2 Number Of Units 5 Sale Type Standard Security Features Exterior Security LightsGated Source Living Area Other Source Lot Size Area Other Total Annual Expense 31211 Type Of Units Apartments Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Max Berger DRE# of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-16T09:42:36.79. 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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    The Payab Group/Berkshire Hathaway HomeServices California Properties
    16810 Ventura Blvd.
    Encino CA, 91436