1256 N Kingsley Dr Los Angeles, CA 90029
East Hollywood Neighborhood
7
Beds
11
Baths
5,966
Sq Ft
7,896
Sq Ft Lot
About This Home
As of August 20251256 N. Kingsley Drive offers investors a value-add opportunity in the heart of rapidly developing East Hollywood. The property consists of 12 units (2 Two-Bedrooms, 4 One-Bedrooms and 6 Bachelor units) currently producing an average rent of just $1,130 per unit per month, presenting a significant rental upside of over 50% as units are brought to market rates upon unit turns. A new roof was installed in 2020, and the property offers 11 on-site parking spaces, including 2 tandem and 7 single spaces. With ample room for potential detached ADUs utilizing SB 1211 (buyer to verify), there's added development upside. The property is subject to the Los Angeles Seismic Retrofit Ordinance with plans have been submitted and construction pending. This is a strong repositioning play in one of LA’s most dynamic rental submarkets.
Last Agent to Sell the Property
Greysteel California, Inc. Brokerage Phone: 310-382-6705 License #01991247 Listed on: 05/12/2025
Last Buyer's Agent
Greysteel California, Inc. Brokerage Phone: 310-382-6705 License #01991247 Listed on: 05/12/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 7,896 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Interior Spaces
- 5,966 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 7 Bedrooms
- 11 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tax Lot 6
- Assessor Parcel Number 5537014006
- $1,217 per year additional tax assessments
Community Details
Building Details
- 12 Leased Units
- Rent Control
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- 1 Separate Water Meter
- Fuel Expense $3,084
- Gardener Expense $1,200
- Insurance Expense $12,000
- Maintenance Expense $6,000
- Professional Management Expense $6,337
- Trash Expense $7,200
- Water Sewer Expense $24,072
- New Taxes Expense $21,474
- Operating Expense $82,567
- Gross Income $162,701
- Net Operating Income $75,852
Additional Features
- 12 Units
- Laundry Facilities
Similar Homes in the area
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/12/2025 08/12/25 | Sold | $1,400,000 | -22.2% | $235 / Sq Ft |
| 05/12/2025 05/12/25 | For Sale | $1,800,000 | -- | $302 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Everett Wong
Seller's Agent in 2025
Everett Wong
Greysteel California, Inc.
(310) 382-6705
1 in this area
23 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25105374
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