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1214 N Kingsley Drive

Los Angeles (City), CA 90029
  • $3,500,000
  • STATUS: Active
  • ON SITE: 18 Days
  • MLS #: SR23167842
UPDATED: 60 min ago
$3,500,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1957
County:

School Ratings & Info

Listing Agent(s): Haik Bokhchalian of Johnhart Real Estate (818-246-1099)


Description

Welcome to this remarkable 8-unit apartment building nestled in the heart of East Hollywood. Comprising six one-bedroom, one-bathroom units, and two two-bedroom, one-and-a-half bathroom units, this property offers a stable and attractive long-term investment opportunity. The building boasts a total of 6,703 rentable square feet, providing ample space for residents to call home. Each unit is equipped with individual gas and electricity meters, ensuring efficient utility management. Extensive renovations have been completed throughout all units, enhancing their appeal and desirability. Its central location in Little Armenia offers easy access to the Metro, LA City College, Griffith Park, Los Feliz, Silver Lake, Echo Park, and DTLA. Close to shopping, dining, and parks. Don't miss this exceptional opportunity to invest in a well-maintained multifamily building in a burgeoning neighborhood with a bright future.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-27T07:37:36.257. 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 The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/143241185
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1214 N Kingsley Drive Los Angeles (City), CA 90029

  • Price: $3,500,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 60 min ago
  • MLS #: SR23167842
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1957
Built
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - Hollywood
Property Description
Welcome to this remarkable 8-unit apartment building nestled in the heart of East Hollywood. Comprising six one-bedroom, one-bathroom units, and two two-bedroom, one-and-a-half bathroom units, this property offers a stable and attractive long-term investment opportunity. The building boasts a total of 6,703 rentable square feet, providing ample space for residents to call home. Each unit is equipped with individual gas and electricity meters, ensuring efficient utility management. Extensive renovations have been completed throughout all units, enhancing their appeal and desirability. Its central location in Little Armenia offers easy access to the Metro, LA City College, Griffith Park, Los Feliz, Silver Lake, Echo Park, and DTLA. Close to shopping, dining, and parks. Don't miss this exceptional opportunity to invest in a well-maintained multifamily building in a burgeoning neighborhood with a bright future.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 9 Parking Total 6 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest Condominium Community Features Suburban Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 142000 Gross Scheduled Income 170000 Insurance Expense 0 Land Lease YN No Laundry Features Outside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional Net Operating Income 142000 New Construction YN No Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Operating Expense 28000 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-27T07:37:36.257. 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 The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Haik Bokhchalian of Johnhart Real Estate (818-246-1099)