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    1021 S Kingsley Drive

    Los Angeles (City), CA 90006
    • $1,370,000
    • STATUS: Closed
    • ON SITE: 254 days
    • ID#: 19-532538
    Sold - 01/22/2020
    $1,370,000
    SOLD - 01/22/2020
    • 7
      BEDS
    • 0.14
      ACRES
    • 7
      BATHS
    • 0
      1/2 BATHS
    • 3,672
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    The subject property is a six (6) unit apartment building located in Koreatown. The property is fully occupied and consists of five (5) 1 Bedroom/1 Bathroom units and one (1) 2 Bedroom/1 Bathroom unit. The building was built in 1958 and is 3,672 square feet and sits on a 5,900 square foot lot that is zoned R4. The property is adjacent to many new developments in Koreatown. There are six (6) parking spaces on-site, two of which are covered spaces. The property is master-metered for all utilities. It is located in an opportunity zone and has significant rental upside in a strong rental market.

    Sold by Jeong Cha BRE#01951437 of New Star Realty.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-08-05T23:42:35.093. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.lydiagable.com/homes/101251242
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    1021 S Kingsley Drive Los Angeles (City), CA 90006

    • Price: $1,500,000
    • Status: Closed
    • ID#: 19-532538
    7
    Beds
    7
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,672
    SQFT
    $0
    $/SQFT
    1958
    Built
    Neighborhood:
    Mid-Wilshire (C17)
    County:
    Los Angeles
    Area:
    Mid-Wilshire (C17)
    Property Description
    The subject property is a six (6) unit apartment building located in Koreatown. The property is fully occupied and consists of five (5) 1 Bedroom/1 Bathroom units and one (1) 2 Bedroom/1 Bathroom unit. The building was built in 1958 and is 3,672 square feet and sits on a 5,900 square foot lot that is zoned R4. The property is adjacent to many new developments in Koreatown. There are six (6) parking spaces on-site, two of which are covered spaces. The property is master-metered for all utilities. It is located in an opportunity zone and has significant rental upside in a strong rental market.
    Exterior Features

    Covered Spaces Total 2 Parking Features Covered Parking Parking Spaces Total 6

    Interior Features

    Cooling Type Other Heating Type Other Interior Features Other Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Unfurnished Unit Furnished06 Unfurnished Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bath04 1.0 Unit Number Of Bath05 1.0 Unit Number Of Bath06 1.0 Unit Number Of Bed01 1 Unit Number Of Bed02 1 Unit Number Of Bed03 2 Unit Number Of Bed04 2 Unit Number Of Bed05 1 Unit Number Of Bed06 1

    Property Features

    Adjusted Gross Income 61335.00 Country United States Of America Expense Total Annual 34026.00 Gross Operating Income 61335.00 Gross Rent Multiplier 24.45 Hoa YN N Legal Disclosures Take Property As IsRent Control Lot Size Source Vendor Enhanced Net Operating Income 25468.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 704.00 Unit Monthly Rent02 715.00 Unit Monthly Rent03 1060.00 Unit Monthly Rent04 999.00 Unit Monthly Rent05 942.00 Unit Monthly Rent06 692.00 Unit Projected Total Monthly Rent01 21600.00 Unit Projected Total Monthly Rent02 21600.00 Unit Projected Total Monthly Rent03 21600.00 Unit Projected Total Monthly Rent04 25200.00 Unit Projected Total Monthly Rent05 21600.00 Unit Projected Total Monthly Rent06 21600.00 Unit Total Monthly Rent01 1800.00 Unit Total Monthly Rent02 1800.00 Unit Total Monthly Rent03 1800.00 Unit Total Monthly Rent04 2100.00 Unit Total Monthly Rent05 1800.00 Unit Total Monthly Rent06 1800.00 Unit Type01 1 Unit Type02 1 Unit Type03 1 Unit Type04 1 Unit Type05 1 Units Total In Complex 6 Zoning Lar4

    Listing provided courtesy of John Cleator DRE#01951437 of James Capital Advisors, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-08-05T23:42:35.093. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377