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1315 N Kingsley Drive, Los Angeles, CA 90027
3
beds
6
baths
3230
ft2
· 8478
ft2 lot
$1,360,000
$421 / ft2
Listing provided courtesy of Max Berger, Compass.
Source CRMLS.
1315 N. Kingsley Drive, a 5-unit owner/use investment opportunity located just north of Fountain Avenue. Sitting on a 8,478 SF lot zoned LARD3, the property features (1) three-bedroom and two bath single-family residence and (4) studio units spread across two structures. Please note, the three-bedroom front house and (1) studio unit will be delivered VACANT upon COE. Property amenities include a large shared driveway, community yard and (2) one-car garages that have the opportunity to be converted to ADUs. 1315 N. Kingsley presents a value-add opportunity to investors, as current rents are approx. 20% below market value for nicely remodeled units in the area. With a location consistently under high-demand and significant upside in rents, 1315 N. Kingsley presents investors with the opportunity to purchase an asset with incredible promise in the ever-growing submarket of Hollywood.
HOA
$—/month
On market
1 month
Year built
1955
Property type
Multi-Family
Parking
MLS
21700298
Price / Sq.Ft.
$421 / ft2
Status
Active Under Contract
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Flyhomes Cash Offer
Based on a price of $1,360,000
Rebate:
Cash Offer Costs:
Net Rebate:
Negotiating Power:
Flyhomes Cash Offer
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$0
+$264/day
$0
Best
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$6,800
- -
$6,800
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Discount Brokerage
$5,076
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$5,076
Average
Traditional Brokerage
$0
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Property Details
Interior Features & Layout
Appliances
•   
Appliances: Refrigerator
•   
Has Appliances
•   
Security Features: Gated Community
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
•   
Cooling Details: Wall/Window Unit(s)
Flooring
•   
Flooring: Wood, Vinyl, Tile, Carpet
Interior Size
•   
Building Area Total: 3230.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Garage - Single Door, Shared Driveway
Building Info
•   
Zoning: LAR3
•   
Stories Total: 2
Lot Info
•   
Lot Size Source: Other
•   
Lot Size Acres: 0.1900
•   
Lot Size Area: 8478.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 5
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 93644.00
•   
Total Expenses: 31211.00
•   
Gross Multiplier: 14.09
Tax/Assessment Info
•   
Gross Income: 96540.00
•   
Tax Year: 2020
•   
Taxes: 2439.0
Lease Info
•   
Net Operating Income: 62433.00
Other
•   
Financial Info As Of: 2021-03-17 00:00:00
Listing Info
•   
Status: Active Under Contract
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 1450.00
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 1450.00
Unit 3 Information
•   
Unit 3 Actual Rent: 992.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 992.00
Unit 1 Information
•   
Unit 1 Bedrooms: 3
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 3800.00
•   
Unit 1 Total Rent: 3800.00
Unit 4 Information
•   
Unit 4 Actual Rent: 935.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 935.00
•   
Unit 4 Bathrooms: 1
Unit 5 Information
•   
Unit 5 Actual Rent: 868.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 868.00
•   
Unit 5 Bathrooms: 1
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
School Info
•   
Directions: Heading east on Fountain Avenue, turn left onto N. Kingsley Drive. The property is located on your left-hand side.
Other
Calculation
•   
Dom: 33
•   
Cdom: 74
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 12, 2021 6:45pm
Neighborhood snapshot
98
Properties for sale
19
Median days on market
$793.91
Median sold price/sqft
100.27%
Sold/List %
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Property History
03/17/2021
03/17/2021
CRMLS #21700298
active
CRMLS #21700298
$1,360,000
--2.86%
03/03/2021
03/03/2021
CRMLS #21700298
active
CRMLS #21700298
$1,400,000
--6.67%
11/11/2020
11/11/2020
CRMLS #20658624
active
CRMLS #20658624
$1,500,000
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