1315 North Kingsley Drive

Los Angeles, CA 90027

$1,310,000
Last Sold Price
3
Beds
6
Baths
3,230 Sq. Ft.
$406 / Sq. Ft.
3,230
Sq. Ft.
$406
per Sq. Ft.

Description

1315 N. Kingsley Drive, a 5-unit owner/use investment opportunity located just north of Fountain Avenue. Sitting on a 8,478 SF lot zoned LARD3, the property features (1) three-bedroom and two bath single-family residence and (4) studio units spread across two structures. Please note, the three-bedroom front house and (1) studio unit will be delivered VACANT upon COE. Property amenities include a large shared driveway, community yard and (2) one-car garages that have the opportunity to be converted...1315 N. Kingsley Drive, a 5-unit owner/use investment opportunity located just north of Fountain Avenue. Sitting on a 8,478 SF lot zoned LARD3, the property features (1) three-bedroom and two bath single-family residence and (4) studio units spread across two structures. Please note, the three-bedroom front house and (1) studio unit will be delivered VACANT upon COE. Property amenities include a large shared driveway, community yard and (2) one-car garages that have the opportunity to be converted to ADUs. 1315 N. Kingsley presents a value-add opportunity to investors, as current rents are approx. 20% below market value for nicely remodeled units in the area. With a location consistently under high-demand and significant upside in rents, 1315 N. Kingsley presents investors with the opportunity to purchase an asset with incredible promise in the ever-growing submarket of Hollywood.

Listing Agent

  1. Max Berger

    Max Berger

    Listing Agent

    Compass

    DRE #02054048

    max.berger@compass.com

    P: 818.321.4972

Property Details for 1315 North Kingsley Drive

Zoning
LAR3
Cross Streets
N. Kingsley Drive and Fountain Avenue
Parcel Number
5544036014
Total Units
5.0
Living Area
3230
Source Living Area
Other
Area
Hollywood (C20)
Vacancy Rate
2 Units

Location

Listing Courtesy of Compass, Max Berger, DRE #02054048

Sold By Compass, Max Berger, DRE #02054048

Add your commute
LISTING UPDATED: 08/09/2021 12:57 PM

Property Details for 1315 North Kingsley Drive

StatusSold
MLS #21-700298
Days on Market58
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
Lot Size0.19 AC / 8,478 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Max Berger, DRE #02054048

Sold By Compass, Max Berger, DRE #02054048

Add your commute

Building Information for 1315 North Kingsley Drive

Stories2Residences-Year Built1955Building Size-Lot Size0.19 AC / 8,478 SF

Payment Calculator

$8,571 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,149

Property Taxes

$1,422

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1315 North Kingsley Drive

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Apartments
  • Security Features: Exterior Security Lights, Gated
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $93,644
  • Net Operating Income: $62,433.00
  • Gross Income: $96,540
  • Cap Rate: 4.70%
  • Gross Rent Multiplier: $13.83
  • Financial Info as Of: 04/21/2021
  • Total Annual Expense: 30898
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1946
  • Lot Size Square Feet: 8478
Parking Details
Parking Details
  • Parking Garage: Garage - 1 Car, Shared Driveway
  • Total Parking: 4
  • Parking Features: Garage - Single Door, Shared Driveway
Interior Features
Interior Features
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Other, Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall, Other
  • Flooring: Wood, Vinyl, Tile, Carpet
  • Equipment: Built-Ins, Ceiling Fan, Refrigerator, Freezer
  • Interior Features: Ceiling Fan(s)
Exterior Features
Exterior Features
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-03-2021
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,800.00
  • Unit Actual Rent: $3,800.00
  • Unit Projected Rent: $3,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,450.00
  • Unit Actual Rent: $1,450.00
  • Unit Projected Rent: $1,450.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $992.00
  • Unit Actual Rent: $992.00
  • Unit Projected Rent: $1,450.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $935.00
  • Unit Actual Rent: $935.00
  • Unit Projected Rent: $1,450.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $868.00
  • Unit Actual Rent: $868.00
  • Unit Projected Rent: $1,450.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $20,884.00
  • Assessed Improvement Percent: 18.42
  • Assessed Land Value: $92,500.00
  • Assessed Land Percent: 81.58
  • Assessed Total Value: $113,384.00

Property History for 1315 North Kingsley Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1315 North Kingsley Drive

Taxable ValueLand$928,200Additions$408,260Total$1,336,460
Tax Record2023$17,059 ($1,422 / month)
Home Facts
Total Finished SqFt3,230 SqFtAbove Grade Finished SqFt3,230 SqFtLot Size8,479 SqFtStyleMulti-Family Res (5+ Units)Year Built1955ZoningLAR3CountyLOS ANGELESAPN5544-036-014

Schools near 1315 North Kingsley Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Kingsley Elementary School
PublicK to 5

Joseph Le Conte Middle School
Public6 to 8

STEM Academy at Bernstein High
Public9 to 12

Helen Bernstein High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Max Berger, DRE #02054048

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.