848 South Kingsley Drive

Los Angeles, CA 90005

$2,100,000
Price
3
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Property Details for 848 South Kingsley Drive

StatusAccepting Backup Offers
MLS #19532578
Year Built1938
DOM14
Compass TypeTownhouse
MLS TypeResidential Income
Lot Size0.15 AC / 6,751 SF
Taxes-
Condo/Co-op Fees-
HOA Fees-
CountyLos Angeles County

Listing Agent

Contact Agent(s)

Property Details for 848 South Kingsley Drive

Cooling Type
See Remarks

Description

The subject property is a pre-war, 9 unit apartment complex built in 1938 and located in the prime Koreatown market of Los Angeles. Ideally situated on Kingsley Drive, just south of Wilshire Blvd. and east Western Ave. This homage to French Normandy architecture boasts a mix of one 2 bedroom, 1 bathroom unit, five 1 bedroom, 1 bathroom units, and three studios. The prime location allows occupants to enjoy all of Koreatown's entertainment, dining and culture. The improvements are built on a 6,751... square foot lot with a total rentable square footage of 5,208.Each well maintained unit is individually metered for gas and electricity and there are 8 on-site parking spaces.

Location

Listing Courtesy of Compass, Morgan McMullin, DRE #01716570; Compass, Dario Svidler, DRE #01884474

Listing Agents

  1. Morgan McMullin

    Listing Agent

    Compass

    DRE #01716570

  2. Dario Svidler

    Alternative Listing Agent

    Compass

    DRE #01884474

Building Information for 848 South Kingsley Drive

Stories2Residences-Year Built1938Building Size-Lot Size0.15 AC / 6,751 SF

Payment Calculator

$7,553 per month

30 year fixed, 3.51% Interest

Principal and Interest

$7,553

Property Taxes

HOA Dues

$0

Similar Homes

Property Information for 848 South Kingsley Drive

Property Features
    Interior Features
  • Laundry: Yes
  • Laundry Features: See Remarks
  • Total Units: 9.0
    Parking Info
  • Parking: Yes
  • Parking Features: Uncovered
Property / Structure Info
    Property / Structure Info
  • Property Type: Residential Income
  • Stories Total: 2
    Measurements / Dimensions
  • Building Area Total: 5208
Community/Development / Location Info
    School/Location Info
  • Status: Active Under Contract
  • Zip Code: 90005
  • Street Number Numeric: 848.0
  • Street Name Free Text: KINGSLEY
  • Street Dir Prefix: S
  • Street Suffix: Drive
  • County Or Parish: Los Angeles
  • Directions: Ideally situated on Kingsley Drive, just south of Wilshire Blvd. and east Western Ave.
  • MLS Area Major: Mid-Wilshire (C17)
Income / Expense / Tax / Assessment Details
    Tax / Assessment Info
  • Zoning: LAR4
    Income Details
  • Cap Rate: 4.64
  • Gross Multiplier: 13.99
  • Gross Operating Income: $145,593
  • Net Operating Income: $97,393
    Expense Details
  • Total Expenses: $48,200
Unit Information
    Unit 1
  • Unit Type Actual Rent: $1,174
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 4500
  • Unit Type Units Total: 3
  • Unit Type Total Rent: $3,522
  • Unit Type Type: 1
    Unit 2
  • Unit Type Actual Rent: $1,496
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 9250
  • Unit Type Units Total: 5
  • Unit Type Total Rent: $7,482
  • Unit Type Type: 2
    Unit 3
  • Unit Type Actual Rent: $1,504
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 2400
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $1,504
  • Unit Type Type: 3
    Multi-Unit Info
  • Number Of Buildings: 1
Land/Lot Info
    Land/Lot Info
  • Land Value: $765,369.00
  • Lot Size Acres: .15
  • Lot Size Square Feet: 6751
  • Lot Size Units: Square Feet
    Potential/Present Land Use
  • Improvements Amount: $635,843.00
Listing / Showing Information / Virtual Tour
    Showing Info
  • List Price: 2100000.0

Property History for 848 South Kingsley Drive

DateEvent & SourcePriceAppreciation
Dec 9, 2019Accepting Backup Offers

CRMLS #19532578

Dec 9, 2019Accepting Backup Offers

SDMLS #19532578

Nov 25, 2019Listed (Active)

CRMLS #19532578

$2,100,000
DateEvent & SourcePrice
12/09/2019
12/09/2019
11/25/2019
Listed (Active)

CRMLS #19532578

$2,100,000

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

Public Records for 848 South Kingsley Drive

Taxable ValueLand$780,676Additions$648,559Total$1,429,235
Tax Record2018$18,069
Home Facts
Beds7Finished Sq.Ft.5,208 SqFtLot Size6,751 SqFtStyleMulti-Family Res (5+ Units)Year Built1938Year Renovated1938ZoningLAR4CountyLOS ANGELES

Schools near 848 South Kingsley Drive

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Hobart Boulevard Elementary SchoolPublicK-50.2 mi
4
Mariposa-Nabi Primary CenterPublicK-20.3 mi
NR
Rfk Community Schools-New Open World Academy K-12PublicK-120.3 mi
3
Rfk Community Schools- For The Visual Arts And HumanitiesPublic9-120.4 mi
2

Hobart Boulevard Elementary School

K-5, 0.2 mi, Public

4

Mariposa-Nabi Primary Center

K-2, 0.3 mi, Public

NR

Rfk Community Schools-New Open World Academy K-12

K-12, 0.3 mi, Public

3

Rfk Community Schools- For The Visual Arts And Humanities

9-12, 0.4 mi, Public

2

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

Similar Sold Homes

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.
Listing Courtesy of Compass, Morgan McMullin, DRE #01716570; Compass, Dario Svidler, DRE #01884474
The information being provided by CARETS and CRMLS 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 CARETS, CLAW, CRISNet MLS, i-Tech MLS, VCRDS and/or CRMLS and 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 CARETS or CRMLS. 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.