Residential Income – 1757 N Kingsley Dr, Los Angeles, CA 90027, USA -001-11-30T00:00:00-08:00
1757 N Kingsley Dr, This beautifully renovated 26-unit apartment community is located just south of Franklin Avenue and north of Hollywood Blvd in East Hollywood / Los Feliz. 18 of the 26 units have been fully renovated to condo quality, offering residents l
1757 N Kingsley Dr, Los Angeles, CA 90027, USA
$8,250,000 USD
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Address1757 North Kingsley Drive, Los Angeles
Price$8,250,000
Price Changed1.72% (-$145,000, 15 days ago)
Year Built1968
Bedrooms Total0
Living Area12,959
Lot Size (Sq.Ft.)18,096
Listing ID17268506
StatusActive
Parcel Number5544010028
ZoningLAR3
Special ConditionsStandard
Days on Market74

Detailed Description: 1757 N Kingsley Dr, This beautifully renovated 26-unit apartment community is located just south of Franklin Avenue and north of Hollywood Blvd in East Hollywood / Los Feliz. 18 of the 26 units have been fully renovated to condo quality, offering residents luxury modern finishes such as recessed lighting, customized closets, laminate floors, stainless steel appliances, quartz counter tops, and custom tiled bathrooms. Additional renovations to the property include; new contemporary landscaping, improved walkways, secure gated parking as well as remodeled laundry rooms and workout room / pool room. The property consists of (1) two-bedroom / one-bathroom unit, (19) one-bedroom / one-bathroom units, and (6) studio units.

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Address Information
Address1757 North Kingsley Drive, Los Angeles
Street PrefixNorth
Street SuffixDrive
CityLos Angeles
Location (MLS Area)637 – Los Feliz
County Or ParishLos Angeles
State or ProvinceCalifornia
Postal Code90027
Financial Information
Price Changed-1.7272%
Previous Price$8,395,000
Price per Square Foot$636.62
Price per Lot Square Foot$455.90
Special ConditionsStandard
Total Expenses$172,941
Gross Operating Income$535,836
Net Operating Income$362,895
Gross Multiplier14.93%
Tax Year2017
Full Descriptions
Parcel Number5544010028
Detailed Description1757 N Kingsley Dr, This beautifully renovated 26-unit apartment community is located just south of Franklin Avenue and north of Hollywood Blvd in East Hollywood / Los Feliz. 18 of the 26 units have been fully renovated to condo quality, offering residents luxury modern finishes such as recessed lighting, customized closets, laminate floors, stainless steel appliances, quartz counter tops, and custom tiled bathrooms. Additional renovations to the property include; new contemporary landscaping, improved walkways, secure gated parking as well as remodeled laundry rooms and workout room / pool room. The property consists of (1) two-bedroom / one-bathroom unit, (19) one-bedroom / one-bathroom units, and (6) studio units.
Laundry FeaturesSee Remarks
Cooling DescriptionSee Remarks
Parking FeaturesOther
Property parameters
Year Built1968
Living Area (Sq.Ft.)12,959
Lot Size (Sq.Ft.)18,096
Number of Buildings1
Number of Units Total26
ZoningLAR3
Stories Total2
Units Total26
Cap Rate (For Cash Payment Only)4.4
Listed withKenny Stevens (Concord Real Estate Service)