1621 North Kingsley Drive
1621 North Kingsley Drive
$850,000
2
5
3,078
3,078
$276
Closed 9/27/23
Description
Take a look at this charming 5-unit building located in the heart of Thai Town, East Hollywood, presents a unique investment opportunity. The property has been well maintained and has been in the same family for nearly half a century, indicating a history of ownership and care. The building comprises three freestanding 1-bedroom bungalows and a two-story duplex with 1-bedroom units. All tenants are long-term, and the rents are currently set at very low levels. This situation creates a significant...Take a look at this charming 5-unit building located in the heart of Thai Town, East Hollywood, presents a unique investment opportunity. The property has been well maintained and has been in the same family for nearly half a century, indicating a history of ownership and care. The building comprises three freestanding 1-bedroom bungalows and a two-story duplex with 1-bedroom units. All tenants are long-term, and the rents are currently set at very low levels. This situation creates a significant opportunity for the next owner to capitalize on over 200% rental upside by completing renovations that align with the market demands and justify higher rental rates. Each unit is individually metered for gas and electricity, with individual water heaters, which is a practical and desirable feature for both landlords and tenants. The property’s layout provides a small community-type feel, with freestanding units and open lawn spaces, giving tenants an element of privacy within a close-knit setting. The layout also offers potential for the new owner to envision creating private houses for the tenants with their own patio spaces, adding to the appeal of the property. The area has a high rental demand based on it’s proximity to everything Hollywood has to offer!
- Listed by Justin McCardle • DRE #01895720 • Brokerage DRE #02201380 • Growth Investment Group Pasade
Property Details for 1621 North Kingsley Drive
Parking Spaces Total
0
Private PoolNo
Total Units5.0
Building TypeAttached
Lot Size SourceAssessor
Living Area3078
Assessor Parcel Number5544-016-006
Property Attached YNtrue
Location
LISTING UPDATED: 09/28/2023 01:29 AM
Property Details for 1621 North Kingsley Drive
Status | Closed |
---|---|
MLS # | AR23138710 |
Days on Market | 39 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1917 |
County | Los Angeles County |
Location
Building Information for 1621 North Kingsley Drive
Building/Complex1621 N Kingsley DrFloor-Stories2Residences-Pet Policy-Year Built1917Building Size-
Payment Calculator
$4,815 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1621 North Kingsley Drive
Property History for 1621 North Kingsley Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1621 North Kingsley Drive
Taxable ValueLand$64,538Additions$34,608Total$99,146
Tax Record2023$2,111 ($176 / month)
Home Facts
Total Finished SqFt3,078 SqFtAbove Grade Finished SqFt3,078 SqFtLot Size6,874 SqFtStyleMulti-Family Res (5+ Units)Year Built1917ZoningLARD1.5CountyLOS ANGELESAPN5544-016-006
Schools near 1621 North Kingsley Drive
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Charter - | 7 to 12 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Grant Elementary School PublicK to 6 | ||
Apex Academy Charter7 to 12 | ||
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.
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