126 North Kingsley Drive

Los Angeles, CA 90004

$1,950,000
Price
5
Beds
5
Baths
2,202 Sq. Ft.
$886 / Sq. Ft.
2,202
Sq. Ft.
$886
per Sq. Ft.

Description

The seller may be open to carrying a second note (i.e., seller carry-back, seller financing) - call for more information. Discover a rare investment opportunity in the heart of Koreatown, Los Angeles with this 4-unit property. Situated in a vibrant location with close proximity to key amenities, attractions, schools, and transportation, this versatile property offers a mix of units to suit various living arrangements. The main home features 3 bedrooms, with the den cleverly converted into a 4th bedroom,...The seller may be open to carrying a second note (i.e., seller carry-back, seller financing) - call for more information. Discover a rare investment opportunity in the heart of Koreatown, Los Angeles with this 4-unit property. Situated in a vibrant location with close proximity to key amenities, attractions, schools, and transportation, this versatile property offers a mix of units to suit various living arrangements. The main home features 3 bedrooms, with the den cleverly converted into a 4th bedroom, while two additional units provide 1 bedroom and 1 bath each. A studio in the rear adds flexibility to the investment potential. With ample parking and strategic location, this property is ideal for both investors seeking consistent income and residents looking for a central, culturally rich living experience.
  1. Listed by James Paul Valerio • DRE #02001410 • The Valerio Group, Inc.

Property Details for 126 North Kingsley Drive

Water Front
None
Zoning
LAR1
Parcel Number
5517022032
Total Units
4.0
Living Area
2202
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
0

Location

Listing Courtesy of The Valerio Group, Inc., James Paul Valerio, DRE #02001410
Add your commute
LISTING UPDATED: 02/06/2024 12:48 PM

Property Details for 126 North Kingsley Drive

StatusActive
MLS #23-337647
Days on Market146
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1911
Lot Size0.14 AC / 6,171 SF
CountyLos Angeles County

Location

Listing Courtesy of The Valerio Group, Inc., James Paul Valerio, DRE #02001410
Add your commute

Building Information for 126 North Kingsley Drive

Stories-Residences-Year Built1911Building Size-Lot Size0.14 AC / 6,171 SF

Payment Calculator

$11,074 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,642

Property Taxes

$432

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 126 North Kingsley Drive

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 3
  • Type Of Units: Fourplex
  • View: No
  • View Description: None
  • View: None
  • Security Features: None
  • Direction Faces: West
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $62,220
  • Net Operating Income: $62,220.00
  • Gross Income: $62,220
  • Gross Rent Multiplier: $31.35
  • Actual Annual Gross Rent: $62,220.00
  • Owner Pays: Water
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1417
  • Lot Size Square Feet: 6171
  • Lot Size Dimensions: 42x150
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 6
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-08-2023
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $2,100.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $700.00
  • Unit Actual Rent: $700.00
  • Unit Projected Rent: $1,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,035.00
  • Unit Actual Rent: $1,035.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,350.00
  • Unit Actual Rent: $1,350.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $35,489.00
  • Assessed Improvement Percent: 9.09
  • Assessed Land Value: $354,976.00
  • Assessed Land Percent: 90.91
  • Assessed Total Value: $390,465.00

Property History for 126 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 126 North Kingsley Drive

Taxable ValueLand$354,976Additions$35,949Total$390,925
Tax Record2023$5,185 ($432 / month)
Home Facts
Total Finished SqFt2,202 SqFtAbove Grade Finished SqFt2,202 SqFtLot Size6,334 SqFtStyleMulti-Family Res (5+ Units)Year Built1911ZoningLAR1CountyLOS ANGELESAPN5517-022-032

Schools near 126 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
Cahuenga Elementary School
PublicK to 5

Virgil Middle School
Public6 to 8

Academic Leadership Community 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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126 North Kingsley Drive is a multi-family home for sale in Los Angeles, CA 90004. This property was listed for sale on December 7, 2023 by The Valerio Group, Inc., it's currently listed at $1,950,000. It has been on the market for a total of 146 days and was last sold on July 18, 1997. This listing's school district is Los Angeles Unified School District. Nearby schools include Cahuenga Elementary School, Virgil Middle School and Contreras Learning Center-School Of Social Justice. 126 North Kingsley Drive is a 5-bed, 5-bath, 2,202 sqft multi-family home built in 1911.

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 The Valerio Group, Inc., James Paul Valerio, DRE #02001410

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.