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Listing Details

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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 California Regional Multiple Listing Service, Inc. as of 2021-08-05T12:25:46.82. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
www.twissrealty.com/homes/114718246
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1315 N Kingsley Drive Los Angeles (City), CA 90027

  • Price: $1,335,000
  • Status: Active Under Contract
  • Updated: 111 min ago
  • ID#: 21700298
0
Beds
0
Baths
0
½ Baths
0.19
Acres
3,230
SQFT
$413
$/SQFT
1955
Built
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - 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

Parking Features Door-SingleGarageShared Driveway

Interior Features

Appliances Refrigerator Cooling Wall/Window Unit(S) Cooling YN Yes Flooring CarpetTileVinylWood Heating Wall Furnace Heating YN Yes

Property Features

Community Features Gated Gross Income 96540 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 62433 Security Features Gated Community Senior Community YN No Special Listing Conditions Standard Zoning Lar3

Listing provided courtesy of Max Berger of Compass


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-05T12:25:46.82. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
 
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Mariposa CA, 95338