1621 N Kingsley DR

LOS ANGELES, CA, 90027

$1,150,000

$373 per ft²
$1,150,000
$373 per ft²
Active
Active
 - For Sale
beds
1 Bed
baths
1 Bath
carpenters-square
3,078 ft²
property_type
Multi-family
calendar
Built 1917
Submit Offers Today! Prime Value Add off Hollywood Blvd- this unique opportunity to a acquire this charming 5 unit building near trendy Los Feliz- in the heart of Thai Town. This property has been well maintained and in the same family for almost 50 years. There are 3 freestanding 1 bedroom bungalows, and a two story duplex in the back of the property, each with 1 bedroom. All tenants are long term with very low rents, creating an opportunity for the next owner over 200% of rental upside upon completion of renovations appropriate for the market. Each unit is individually metered for gas and electricity. The property has a small community type feel with the open lawn space and freestanding units, giving tenants an element of privacy within a small space. The layout can give the next owner with the appropriate vision to create very special private houses for tenants with their own patio space. The area has a high rental demand based on it s proximity to everything Hollywood has to offer! This property is ready to be passed onto the next owner for the next 50 Years. Attractive bridge debt available!
MLS® ID:
AR22072648MR
Listed:
4/10/22
Updated:
11/30/22

Interior Features

Total Bedrooms
1
Total Bathrooms
1
Laundry Description
None

Exterior/Building Features

Lot Size
6,874 ft² lot
Sewer
Public Sewer

Other Property Details

Garage
No
Parking
N
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Zoning
LARD1.5

Courtesy of GIG Real Estate Inc., Justin McCardle,
Listing Contact:  

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©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 11/30/22

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