$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 CalabasasWe 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 |
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# 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
Agent | Anie Mayelian |
---|---|
Office | Keller Williams Realty Calabasas |