950 North Kingsley Drive

Los Angeles, CA 90029

$1,175,000
Last Sold Price
7
Beds
4
Baths
3,101 Sq. Ft.
$379 / Sq. Ft.
3,101
Sq. Ft.
$379
per Sq. Ft.

Description

Owner user opportunity! Fix up and rent! Potential development site for 16 units! Triplex Investment opportunity in East Hollywood. The front unit was constructed in 1920 featuring 3 bedrooms 2 bathrooms. The front unit is seller occupied and has been untouched in years providing an opportunity for a new owner to remodel the front unit and capitalize on market rent. Front house likely has deferred maintenance. The rear two units were built in 1949, each featuring 2 bedrooms and 2 bathrooms, one of...Owner user opportunity! Fix up and rent! Potential development site for 16 units! Triplex Investment opportunity in East Hollywood. The front unit was constructed in 1920 featuring 3 bedrooms 2 bathrooms. The front unit is seller occupied and has been untouched in years providing an opportunity for a new owner to remodel the front unit and capitalize on market rent. Front house likely has deferred maintenance. The rear two units were built in 1949, each featuring 2 bedrooms and 2 bathrooms, one of which is a townhome style unit. Both 2 bed units delivered vacant at closing. The 3 bed unit is owner occupied, needs 60-90 days to relocate after closing. The property also features potential for redevelopment. Per Brickwork you can develop 9 multifamily units by right, or 16 units with TOC Tier 2. This excellent East Hollywood location features a Walk Score of 85 out of 100 and is minutes away from tenant daily needs, nightlife, restaurants and much more! Some of the household names in the area include Home Depot, McDonald's, Erewhon, Chick Fil A, Jons International Marketplace, Target, Rite Aid, and much more! Tenants have easy access to local public schools, hospitals, and the Sunset Gower Studios.
  1. Listed by Andy Anubhav Kawatra • DRE #01881930 • Brokerage DRE #01881930 • Andy Anubhav Kawatra

Property Details for 950 North Kingsley Drive

Zoning
LAR3
Parcel Number
5537024026
Total Units
3.0
Living Area
3101
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)
Vacancy Rate
3%
Lot Size Area
7588

Location

Listing Courtesy of Andy Anubhav Kawatra, Andy Anubhav Kawatra, DRE #01881930

Sold By Andy Anubhav Kawatra, Andy Anubhav Kawatra, DRE #01881930

Add your commute
LISTING UPDATED: 12/04/2023 10:46 AM

Property Details for 950 North Kingsley Drive

StatusSold
MLS #23-299863
Days on Market27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1920
Lot Size0.17 AC / 7,588 SF
CountyLos Angeles County

Location

Listing Courtesy of Andy Anubhav Kawatra, Andy Anubhav Kawatra, DRE #01881930

Sold By Andy Anubhav Kawatra, Andy Anubhav Kawatra, DRE #01881930

Add your commute

Building Information for 950 North Kingsley Drive

Stories-Residences-Year Built1920Building Size-Lot Size0.17 AC / 7,588 SF

Payment Calculator

$6,987 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,412

Property Taxes

$575

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 950 North Kingsley Drive

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Apartment
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $105,924
  • Net Operating Income: $79,974.00
  • Gross Income: $9,100
  • Cap Rate: 6.40%
  • Gross Rent Multiplier: $11.45
  • Total Annual Expense: 25950
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1742
  • Lot Size Square Feet: 7588
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 0
  • Parking Features: Driveway
Interior Features
Interior Features
  • Cooling Type: Wall Unit(s)
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-10-2023
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $306,514.00
  • Assessed Improvement Percent: 57.91
  • Assessed Land Value: $222,794.00
  • Assessed Land Percent: 42.09
  • Assessed Total Value: $529,308.00

Property History for 950 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 950 North Kingsley Drive

Taxable ValueLand$227,249Additions$312,644Total$539,893
Tax Record2023$6,904 ($575 / month)
Home Facts
Total Finished SqFt3,101 SqFtAbove Grade Finished SqFt3,101 SqFtLot Size7,588 SqFtStyleTriplexYear Built1920ZoningLAR3CountyLOS ANGELESAPN5537-024-026

Schools near 950 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 Andy Anubhav Kawatra, Andy Anubhav Kawatra, DRE #01881930

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.