$2,750,000

1176 N Kingsley Drive, Los Angeles, CA 90029

7,896

Lot Size

11

# Of Units

The Kingsley Apartments is an 11 unit apartment building, located in the Heart of Hollywood, consisting of 10 one bedroom one bathroom units, and 1 two bedroom one bathroom unit. Four of the Eleven tenants are Section 8 tenants. There is one unit vacant and all others are occupied, with rent collections made in full ever since the pandemic, including those with Section 8 tenants. There are five tandem parking spaces, and the remaining six units do not have parking. There is a laundry facility on-site, and storage spaces located above the parking spaces. Soft-story retrofit plans have been fully approved, and are shovel-ready, allowing investors to recoup future capex reimbursements from tenants. Prime location of Hollywood, with constant redevelopment all around! Total annual gross income for the property is $186,350

Facts & Features

MLS® # 320007846
Price $2,750,000
Bathrooms 0.00
Lot Size 7,896
Year Built 1957
Type Residential Income
Status Active
# Of Units 11

Community Information

Address 1176 N Kingsley Drive
Area C20 - Hollywood
Subdivision Not Applicable-105
City Los Angeles
County Los Angeles
State CA
Zip Code 90029

Amenities

Parking Covered, Carport, Tandem
Garages Covered, Carport, Tandem
Is Waterfront No
Has Pool No

Interior

Interior Carpet, Tile, Wood
Heating Wall Furnace
Has Basement No
Fireplace No
Stories Two

Additional Information

Date Listed September 28th, 2021
Days on Market 26
Zoning LARD1.5
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentHagop Baboudjian
OfficeBaboudjian Properties Inc.

Listing Map

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