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    1/2 BATHS
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Listing Details

Status
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On Site
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On Market
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MLS #
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School Ratings & Info

Description

Development Opportunity in a Qualified Opportunity Zone. The unit mix consists of three 2 bed+1bath, two 1 bed+1bath, one 3 bed+2bath, and 8 Parking on-site. Each unit is separately metered for gas and electricity. Easy access to major employment and entertainment hubs of Downtown LA & Hollywood. Ideally located near the 10 freeway and in close proximity the Metro Red Line Wilshire/Normandie & Western stations. All tenants at the property are paying rent on time. No default tenants in prior the COVID-19. Good upside potential with some low rents. SEISMIC RETRIFITTING COMPLETED!! All requests are preferred by email.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-20T23:42:31.727. 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.jelmbergteam.com/homes/120534440
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1031 S Kingsley Dr Los Angeles, CA 90006

  • Price: $1,790,000
  • Status: Active
  • MLS #: 21-773342
11
Beds
0
Baths
0
½ Baths
0.14
Acres
4,736
SQFT
$378
$/SQFT
1963
Built
Neighborhood:
Mid-Wilshire
County:
Los Angeles
Area:
Mid-Wilshire
Property Description
Development Opportunity in a Qualified Opportunity Zone. The unit mix consists of three 2 bed+1bath, two 1 bed+1bath, one 3 bed+2bath, and 8 Parking on-site. Each unit is separately metered for gas and electricity. Easy access to major employment and entertainment hubs of Downtown LA & Hollywood. Ideally located near the 10 freeway and in close proximity the Metro Red Line Wilshire/Normandie & Western stations. All tenants at the property are paying rent on time. No default tenants in prior the COVID-19. Good upside potential with some low rents. SEISMIC RETRIFITTING COMPLETED!! All requests are preferred by email.
Exterior Features

Direction Faces East Levels One Lot Size Area 5901 Other Structures None Parking Garage Side By SideParking SpaceGated Total Parking 6

Interior Features

Baths Total 7.00 Cooking Appliances Cooktop - GasFree Standing GasOven-Gas Cooling Ceiling FanWall Unit(S)Wall/Window Equipment Garbage DisposalRange/OvenHood Fan Flooring LaminateMixedTileCarpetLinoleum Heating Heat PumpWall Gas Laundry Laundry AreaCommunity Laundry Equipment Lease

Property Features

Assessed Total Value 1472105 Gross Income 98300 Gross Operating Income 98300 Like Units1 6 Net Operating Income 61619.00 Number Of Buildings 1 Number Of Units 1 Owner Pays GardenerWater Property Condition Updated/Remodeled Sale Type Standard Security Features GatedSmoke DetectorCarbon Monoxide Detector(S) Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Tenant Pays GasElectricity Total Annual Expense 36682 Type Of Units Apartment Year Built Source Vendor Enhanced Zoning Lar4

Listing provided courtesy of Kyi Lee DRE#01815410 of Korus Real Estate.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-20T23:42:31.727. 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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The Jelmberg Team | Keller Williams
39-575 Washington Street, Suite #105
Palm Desert CA, 92211