$1,299,999

1150 Kingsley Drive, Los Angeles 90029

5

Beds

7

Baths

7,895

Lot Size

6

# Of Units

Listing Agent
Anie Mayelian - Keller Williams Realty Calabasas

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!

Facts & Features

MLS® # SR24182288
Price $1,299,999
Bedrooms 5
Bathrooms 7.00
Lot Size 7,895
Year Built 1928
Type Residential Income
Sub-Type Apartment
Status Active
# Of Units 6

Community Information

Address 1150 Kingsley Drive
Area C20 - Hollywood
City Los Angeles
County Los Angeles
Zip Code 90029

Amenities

Parking Spaces 4
# of Garages 4
Is Waterfront No
Has Pool No
Pool None

Interior

Has Basement No
Fireplace No
# of Stories 2
Stories Two

Additional Information

Date Listed September 3rd, 2024
Days on Market 62
Zoning LARD1.5
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentAnie Mayelian
OfficeKeller Williams Realty Calabasas

Listing Map

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