$1,299,999
1150 N Kingsley DR Los Angeles, CA 90029
Save Share
Schedule a Tour
5
See all 5 photos
$1,299,999
Est. payment /mo
7,893 Sqft Lot
Active
1150 N Kingsley DR Los Angeles, CA 90029
UPDATED:
09/30/2024 06:27 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR24182288
Construction Status Fixer
HOA Y/N No
Year Built 1928
Lot Size 7,893 Sqft
Property Description
We are pleased to present the opportunity to acquire a fixer 6 unit apartment building in East Hollywood! 4 of the 6 units will be delivered VACANT and present the ideal situation for a buyer to remodel and renovate the vacant units right away! The building consists of 2 structures--the front building consists of 5 units and the back building consists of 1 unit. ALL the units are in a heavy fixer condition. There are also 4 detached garages in the back lot, which can be converted to one or more ADUs. The spacious +/- 7,895 sq. ft. lot. also presents the opportunity to build additional ADUs on the lot. Upon renovating and repositioning the units, the buyer can realize annual rental income of at least $175,200. Located in an Opportunity Zone, the building could provide potential tax benefits for a buyer! The buyer also has the option to revise the unit interior floor plans to maximize revenue. Given the building's central location in the bustling rental Hollywood rental market and close to Virgil Village, Melrose Hill, and the numerous establishments across Santa Monica Blvd., this is a value-add investment not to be missed!
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LARD1.5
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Fixer
Others
Senior Community No
Tax ID 5537015008
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Listed by Anie Mayelian • Keller Williams Realty Calabasas • 818-915-9118
GET MORE INFORMATION
