1150 N Kingsley Drive Los Angeles, CA 90029
We are pleased to present the opportunity to acquire a fixer 6 unit apartment building in East Hollywood! 4 of the 6 units will be delivered VACANT and present the ideal situation for a buyer to remodel and renovate the vacant units right away! The building consists of 2 structures--the front building consists of 5 units and the back building consists of 1 unit. ALL the units are in a heavy fixer condition. There are also 4 detached garages in the back lot, which can be converted to one or more ADUs. The spacious +/- 7, 895 sq. ft. lot. also presents the opportunity to build additional ADUs on the lot. Upon renovating and repositioning the units, the buyer can realize annual rental income of at least $175, 200. Located in an Opportunity Zone, the building could provide potential tax benefits for a buyer! The buyer also has the option to revise the unit interior floor plans to maximize revenue. Given the building's central location in the bustling rental Hollywood rental market and close to Virgil Village, Melrose Hill, and the numerous establishments across Santa Monica Blvd., this is a value-add investment not to be missed!
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site30 Days
- MLS StatusActive
- MLS ID NumberSR24182288
- Home Size Source N/A
- Year Built1928
- Lot Size0.1812 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Spaces 4
- Sewer Public Sewer
- Number of Stories 22
- Acreage 0.1812
- Water Public
- Property Sub Type Apartment
- Garage Spaces 4
- Zoning LARD1.5
- Listing Conditions Standard
- Property Condition Fixer
Interior Features
- Laundry Features Common Area
Exterior Features
- Pool Features None
- Lot Lot 6500-9999
- Road Frontage City Street
Community Features
- Community Features CurbsSidewalksStorm DrainsStreet Lights
- Senior Community No
- MLS Area C20 - Hollywood