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    848 S Kingsley Drive

    Los Angeles (City), CA 90005
    • $2,250,000
    • STATUS: Closed
    • ON SITE: 254 days
    • ID#: 19-532578
    Sold - 02/04/2020
    $2,250,000
    SOLD - 02/04/2020
    • 7
      BEDS
    • 0.15
      ACRES
    • 9
      BATHS
    • 0
      1/2 BATHS
    • 5,208
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1938
    County:

    School Ratings & Info

    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.

    Sold by Morgan Mcmullin BRE#01716570 of Compass.

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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/101255262
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    848 S Kingsley Drive Los Angeles (City), CA 90005

    • Price: $2,100,000
    • Status: Closed
    • ID#: 19-532578
    7
    Beds
    9
    Baths
    0
    ½ Baths
    0.15
    Acres
    5,208
    SQFT
    $0
    $/SQFT
    1938
    Built
    Neighborhood:
    Mid-Wilshire (C17)
    County:
    Los Angeles
    Area:
    Mid-Wilshire (C17)
    Property 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.
    Exterior Features

    Parking Features Uncovered Parking Spaces Total 8

    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 Partially Unit Furnished05 Partially Unit Furnished06 Partially 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 Bed01 0 Unit Number Of Bed02 1 Unit Number Of Bed03 2

    Property Features

    Adjusted Gross Income 150095.00 Assessed Improvement Value 635843.00 Assessed Land Value 765369.00 Cap Rate 4.64 Country United States Of America Expense Total Annual 48200.00 Gross Operating Income 145593.00 Gross Rent Multiplier 13.99 Hoa YN N Legal Disclosures Take Property As IsRent Control Lot Size Source Vendor Enhanced Net Operating Income 97393.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 1174.00 Unit Monthly Rent02 1496.00 Unit Monthly Rent03 1504.00 Unit Projected Total Monthly Rent01 4500.00 Unit Projected Total Monthly Rent02 9250.00 Unit Projected Total Monthly Rent03 2400.00 Unit Total Monthly Rent01 3522.00 Unit Total Monthly Rent02 7482.00 Unit Total Monthly Rent03 1504.00 Unit Type01 3 Unit Type02 5 Unit Type03 1 Units Total In Complex 9 Zoning Lar4

    Listing provided courtesy of Morgan Mcmullin DRE#01716570 of Compass.


    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