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    1176 N Kingsley Drive

    Los Angeles, CA 90029
    • $2,750,000
    • STATUS: Active
    • ON SITE: 21 Days
    • ID#: 320007846
    UPDATED: 4 min ago
    $2,750,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,885
      SQFT
    • $349
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    The Kingsley Apartments is an 11 unit apartment building, located in the Heart of Hollywood, consisting of 10 one bedroom one bathroom units, and 1 two bedroom one bathroom unit. Four of the Eleven tenants are Section 8 tenants. There is one unit vacant and all others are occupied, with rent collections made in full ever since the pandemic, including those with Section 8 tenants. There are five tandem parking spaces, and the remaining six units do not have parking. There is a laundry facility on-site, and storage spaces located above the parking spaces. Soft-story retrofit plans have been fully approved, and are shovel-ready, allowing investors to recoup future capex reimbursements from tenants. Prime location of Hollywood, with constant redevelopment all around! Total annual gross income for the property is $186,350

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    Based on information from CRISNet MLS as of 2021-10-20T08:55:54.11. 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.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR 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. 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.

    Based on information from the i-Tech MLS as of 2021-10-20T08:55:54.11. 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.searchhomesincalifornia.com/homes/121872277
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    1176 N Kingsley Drive Los Angeles, CA 90029

    • Price: $2,750,000
    • Status: Active
    • Updated: 4 min ago
    • ID#: 320007846
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    7,885
    SQFT
    $349
    $/SQFT
    1957
    Built
    Neighborhood:
    Not Applicable-105
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    The Kingsley Apartments is an 11 unit apartment building, located in the Heart of Hollywood, consisting of 10 one bedroom one bathroom units, and 1 two bedroom one bathroom unit. Four of the Eleven tenants are Section 8 tenants. There is one unit vacant and all others are occupied, with rent collections made in full ever since the pandemic, including those with Section 8 tenants. There are five tandem parking spaces, and the remaining six units do not have parking. There is a laundry facility on-site, and storage spaces located above the parking spaces. Soft-story retrofit plans have been fully approved, and are shovel-ready, allowing investors to recoup future capex reimbursements from tenants. Prime location of Hollywood, with constant redevelopment all around! Total annual gross income for the property is $186,350
    Exterior Features

    Carport Spaces 0.00 Levels Two Lot Size Area 7896.0000 Number Of Rented Garages 0 Parking Features CarportTandem Covered Parking Total 0.00 Parking YN Yes

    Interior Features

    Common Walls 1 Common Wall Flooring CarpetTileWood Heating Wall Furnace Heating YN Yes Laundry Features Common Area Laundry YN Yes

    Property Features

    Fuel Expense 0.00 Garage Income 0.00 Gross Equity 0 Gross Multiplier 0.00 Gross Operating Income 186350.00 Gross Scheduled Income 186350.00 Insurance Expense 4787.00 Laundry Income 0.00 Maintenance Expense 7140.00 Net Operating Income 0.00 New Taxes Expense 32807.00 Number Of Separate Electric Meters 12 Number Of Separate Gas Meters 12 Number Of Separate Water Meters 1 Number Of Units Leased 0 Operating Expense 0.00 Operating Expense Percent 0.00 Professional Management Expense 0.00 Property Attached YN Yes Special Listing Conditions Standard Subdivision Name Other Not Applicable-105 Tax Annual Amount 0.00 Total Expenses 0.00 Trash Expense 5327.00 Water Sewer Expense 7987.00 Zoning Lard1.5

    Listing provided courtesy of Hagop Baboudjian, CA DRE# 01372116, of Baboudjian Properties Inc..


    Based on information from CRISNet MLS as of 2021-10-20T08:55:54.11. 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.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR 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. 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.

    Based on information from the i-Tech MLS as of 2021-10-20T08:55:54.11. 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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