10
See all 10 photos
$1,800,000
Est. payment /mo
7,897 Sqft Lot
New
1256 N Kingsley DR Los Angeles, CA 90029
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Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25105374
HOA Y/N No
Year Built 1962
Lot Size 7,897 Sqft
Property Sub-Type Mixed Use
Property Description
1256 N. Kingsley Drive offers investors a value-add opportunity in the heart of rapidly developing East Hollywood. The property consists of 12 units (2 Two-Bedrooms, 4 One-Bedrooms and 6 Bachelor units) currently producing an average rent of just $1,130 per unit per month, presenting a significant rental upside of over 50% as units are brought to market rates upon unit turns. A new roof was installed in 2020, and the property offers 11 on-site parking spaces, including 2 tandem and 7 single spaces. With ample room for potential detached ADUs utilizing SB 1211 (buyer to verify), there's added development upside. The property is subject to the Los Angeles Seismic Retrofit Ordinance with plans have been submitted and construction pending. This is a strong repositioning play in one of LA's most dynamic rental submarkets.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LARD1.5
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Urban
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5537014006
Energy Description 3084.0
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Listed by Everett Wong • Greysteel California, Inc. • 310-382-6705
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