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Scott Goshorn

[email protected] +1(323) 251-5479

$ 1,299,999

Est. payment -/mo

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Active

1150 N Kingsley DR Los Angeles, CA 90029

3,199 SqFt

UPDATED:

09/30/2024 06:27 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 3,199 sqft

Price per Sqft $406

MLS Listing ID SR24182288

Construction Status Fixer

HOA Y/N No

Year Built 1928

Lot Size 7,893 Sqft

Acres 0.1812

Property Description

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!

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LARD1.5

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks

Total Parking Spaces 4

Private Pool No

Building

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Fixer

Others

Senior Community No

Tax ID 5537015008

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Listed by Anie Mayelian • Keller Williams Realty Calabasas • 818-915-9118

Scott Goshorn

Director- Luxury Estates | License ID: 01964409

+1(323) 251-5479

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Beverly Hills, CA

Scott Goshorn

Scott Goshorn

1150 N Kingsley DR Los Angeles, CA 90029

Key Details

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Rooms

Interior

Exterior

Building

Others

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1150 N Kingsley DR