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1176 N Kingsley Dr

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1176 N Kingsley Dr

1176 North Kingsley Drive, Los Angeles, CA 90029

$2,550,000

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

Overview

Property Status
Sold
Lot Size
7,896 Sq.Ft.
MLS ID
320007846
Property Type
Multi-Family
Year Built
1957

Features & Amenities

Sales Price
$2,550,000

Downloads

1176 N Kingsley Dr

Schedule a Tour

We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

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Thank you

for your interest in 1176 North Kingsley Drive, Los Angeles, CA 90029

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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

Overview

Property Status
Sold
Lot Size
7,896 Sq.Ft.
MLS ID
320007846
Property Type
Multi-Family
Year Built
1957

Features & Amenities

Sales Price
$2,550,000

Downloads

1176 N Kingsley Dr

Schedule a Tour

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
Enter a valid email

Thank you

for your interest in 1176 North Kingsley Drive, Los Angeles, CA 90029

back to page

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

Overview

Property Status
Sold
Lot Size
7,896 Sq.Ft.
MLS ID
320007846
Property Type
Multi-Family
Year Built
1957

Features & Amenities

Sales Price
$2,550,000

Downloads

1176 N Kingsley Dr

Schedule a Tour

We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

Enter a valid email

Thank you

for your interest in 1176 North Kingsley Drive, Los Angeles, CA 90029

back to page
1176 N Kingsley Dr
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