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1157 S Kingsley Dr

Los Angeles, CA 90006
  • $1,070,000
  • STATUS: Active Under Contract
  • ON SITE: 28 days
  • ID#: 21-734518
Under Contract
UPDATED: 56 min ago
$1,070,000
  • 6
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,595
    SQFT
  • $412
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1922
County:
Area:

School Ratings & Info

Description

PRICE REDUCED ***Excellent investment opportunity with good upside income potential and future development !!! Well maintained property in the heart of Korea Town sits on a CORNER LOT of 5,900 sqft zoned in LAR3. Centrally located in high demanding with lots of developments around the area, easy access to Fwy, DTLA, Hollywood, W. LA. etc...The property is comprised of two separate buildings W detached garage, newly painted in recent years, changed copper plumbing, and placed new roofing. Easy to manage, the front 2 units are with dyrer/washer and hook up, the back unit tenants are long time tenants whose rent are below market rent, Individually metered for Gas and Electricity and each has its own water heater. Sold as-is condition.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-18T13:43:07.35. 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.corrieluxuryhomes.com/homes/117420416
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1157 S Kingsley Dr Los Angeles, CA 90006

  • Price: $1,070,000
  • Status: Active Under Contract
  • Updated: 56 min ago
  • ID#: 21-734518
6
Beds
0
Baths
0
½ Baths
0.14
Acres
2,595
SQFT
$412
$/SQFT
1922
Built
Neighborhood:
Mid-Wilshire
County:
Los Angeles
Area:
Mid-Wilshire
Property Description
PRICE REDUCED ***Excellent investment opportunity with good upside income potential and future development !!! Well maintained property in the heart of Korea Town sits on a CORNER LOT of 5,900 sqft zoned in LAR3. Centrally located in high demanding with lots of developments around the area, easy access to Fwy, DTLA, Hollywood, W. LA. etc...The property is comprised of two separate buildings W detached garage, newly painted in recent years, changed copper plumbing, and placed new roofing. Easy to manage, the front 2 units are with dyrer/washer and hook up, the back unit tenants are long time tenants whose rent are below market rent, Individually metered for Gas and Electricity and each has its own water heater. Sold as-is condition.
Exterior Features

Lot Size Area 5900 Other Structures None Parking Garage Garage Sprinklers None Total Parking 3

Interior Features

Baths Total 4.00 Cooling Window Unit(S) Equipment Gas Or Electric Dryer Hookup Heating Wall

Property Features

Assessed Total Value 557018 Gross Income 62580 Gross Operating Income 62580 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 48866.00 Number Of Buildings 2 Number Of Units 4 Sale Type Standard Source Living Area Assessor Source Lot Size Area Vendor Enhanced Total Annual Expense 13713 Type Of Units 4 Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Thomas K. Chung DRE#01775119 of Masters Realty Group.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-18T13:43:07.35. 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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