1150 N Kingsley Drive , Los Angeles, CA 90029
Los Angeles, CA 90029
Description
We are pleased to present the opportunity to acquire a fixer 6 unit apartment building in East Hollywood! 4 of the 6 units will be delivered VACANT and present the ideal situation for a buyer to remodel and renovate the vacant units right away! The building consists of 2 structures--the front building consists of 5 units and the back building consists of 1 unit. ALL the units are in a heavy fixer condition. There are also 4 detached garages in the back lot, which can be converted to one or more ADUs. The spacious +/- 7,895 sq. ft. lot. also presents the opportunity to build additional ADUs on the lot. Upon renovating and repositioning the units, the buyer can realize annual rental income of at least $175,200. Located in an Opportunity Zone, the building could provide potential tax benefits for a buyer! The buyer also has the option to revise the unit interior floor plans to maximize revenue. Given the building's central location in the bustling rental Hollywood rental market and close to Virgil Village, Melrose Hill, and the numerous establishments across Santa Monica Blvd., this is a value-add investment not to be missed!
Details
| Mls | SR24182288 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Pending |
| Year | 1928 |
| Days On Site | 98 |
| Listing Provided By | Keller Williams Realty Calabasas 818-657-6500 | Anie Mayelian |
Features
| Sq Feet | 3,199 |
|---|---|
| Garage | 4 |
| Storys | 2 |
| Units | 6 |
| Buildings | 2 |
| Zoning | LARD1.5 |
| Acreage | 0.18 |
Market Activity 90029
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90029 |
| Area | C20 Hollywood |
| Listing VS Median (in 90029) | |
Price: $1,299,999 low | high Med: $924,900 SqFt: 3,199 low | high Med: 2,395 $ / SqFt: $406 low | high Med: $386 On Site: 98 low | high Med: 110.000000 | |
