1256 N Kingsley Drive

Los Angeles, CA 90029

  • 0 Bed(s)
  • 0 Bath(s)
  • 5,966 Sqft
  • 7896
    Sqft(Lot)
$1,800,000

Description

1256 n. kingsley drive offers investors a value-add opportunity in the heart of rapidly developing east hollywood. the property consists of 12 units (2 two-bedrooms, 4 one-bedrooms and 6 bachelor units) currently producing an average rent of just $1,130 per unit per month, presenting a significant rental upside of over 50% as units are brought to market rates upon unit turns. a new roof was installed in 2020, and the property offers 11 on-site parking spaces, including 2 tandem and 7 single spaces. with ample room for potential detached adus utilizing sb 1211 (buyer to verify), there's added development upside. the property is subject to the los angeles seismic retrofit ordinance with plans have been submitted and construction pending. this is a strong repositioning play in one of la’s most dynamic rental submarkets.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49707627

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1962
    • Building Area Total: 5,966

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1813
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7896

  • Listing Price Information

    • Original List Price: 1,800,000
    • Listing Contract Date: 2025-05-12

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5537014006

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C20 - Hollywood
    • Directions: West of Normandie. South of Fountain.
    • Zoning: LARD1.5
    • Source Property Type: Residential Income
    • Area: C20 - Hollywood
    • Property SubType: Mixed Use

    Building and Construction

    • Property Age: 63
    • Common Walls: No Common Walls
    • Structure Type: Mixed Use
    • Year Built Source: Public Records
    • Entry Level: 1
    • Entry Location: Ground
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BuyOwner last updated this listing 05/22/2025 @ 07:32

  • MLS: PW25105374
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 5,966 sqft, 7,896 sized lot, and 0 parking. are nearby neighborhoods.