NOT LISTED FOR SALE

719 N Kingsley Dr Los Angeles, CA 90029

East Hollywood Neighborhood
13 Beds
9.5 Baths
7,356 Sq Ft
8,774 Sq Ft Lot

Last Sold December 20, 2022

Last sale price $1,775,000 $241 Per Sq Ft

29 Days on Market

Highlights

  • Built-In Features
  • Laundry Room
  • 4-minute walk to Lemon Grove Recreation Center
  • STEM Academy at Bernstein High Rated A-

About This Home

As of December 2022

Nine unit value-add property in East Hollywood offering a solid current CAP rate with the opportunity for substantial rental upside. Located just north of Melrose Ave. (between Normandie and Western), 719 N. Kinglsey is centrally located to several neighborhood thoroughfares filled with an array of independent businesses, a city college (LACC) and large Hollywood employers (Children's Hospital LA, Hollywood Presbyterian, Sunset Gower Studios). The property is comprised of (1) three-bdrm. and one-and-a-half bath unit, (2) 2-bdrm. units and (6) 1-bdrm. units. Each uni is individually metered for gas and electricity. This value-add opportunity currently generates approx. $12,200+ in gross monthly income with the opportunity for 58% upside in rents, based on renovated units in the area. We anticipate the future owner coud generate approx. $19,200+ in gross monthly income. Additional property amenities include soft-story retrofitting completion, 9 parking spaces (8 covered and 1 open) and a community laundry room.

Last Agent to Sell the Property

Kenny Stevens

Compass License #01090251 Listed on: 10/10/2022

Compass

Last Buyer's Agent

Kenny Stevens

Compass License #01090251 Listed on: 10/10/2022

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 8,774 Sq Ft Lot

Interior Spaces

  • 7,356 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Oven or Range
  • Laundry Room

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 9.5 Bathrooms

Parking

  • 1 Open Parking Space
  • 9 Parking Spaces
  • 8 Covered Spaces
  • Covered Parking

Community Details

  • 9 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 5535-035-015

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 7356
  • Lot Acreage: 0.2014
  • Stories: 2
  • Year Built: 1956
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 13
  • Common Walls: Attached
  • Laundry: Community, Room
  • Total Bathrooms: 9.50
  • Equipment: Built-Ins, Range/Oven
  • Price Per S Q F T: 286.84

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 1
  • Covered Parking: 8
  • Parking Garage: Covered Parking
  • Total Parking: 9

Lot Info

  • Assessed Improvement Percent: 72.88
  • Assessed Improvement Value: 419755
  • Assessed Land Percent: 27.12
  • Assessed Land Value: 156169
  • Total Assessed Value: 575924
  • Assessor Parcel Number: 5535-035-015
  • Lot Size Area: 8774

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Gross Rent Multiplier: 14.36
  • Number Of Units: 9
  • Total Annual Expense: 51927
  • Type Of Units: Apartments
  • Vacancy Allow Percent: 2.50
  • Vacancy Rate: 0

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2022 12/20/22 Sold $1,775,000 -15.9% $241 / Sq Ft
11/08/2022 11/08/22 Pending -- -- --
10/10/2022 10/10/22 For Sale $2,110,000 +2.4% $287 / Sq Ft
01/04/2022 01/04/22 Sold $2,060,000 -10.4% $280 / Sq Ft
01/04/2022 01/04/22 Pending -- -- --
10/03/2021 10/03/21 For Sale $2,300,000 -- $313 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kenny Stevens

    Seller's Agent in 2022

    Kenny Stevens

    Compass

    (424) 284-4453

    4 in this area

    42 Total Sales

    Kenny Stevens
    Section Image
  • Oscar Diaz

    Seller's Agent in 2022

    Oscar Diaz

    Marcus & Millichap

    (213) 943-1800

    2 in this area

    8 Total Sales

    Oscar Diaz
    Section Image
  • Rick Raymundo

    Seller Co-Listing Agent in 2022

    Rick Raymundo

    Marcus & Millichap

    (818) 219-6146

    4 in this area

    68 Total Sales

    Rick Raymundo
    Section Image
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Map

Source: The MLS

MLS Number: 22-207429

The MLS
California Los Angeles County Los Angeles 90029 East Hollywood

719 N Kingsley Dr, Los Angeles, CA

This home is located at 719 N Kingsley Dr, Los Angeles, CA 90029 since 10 October 2022. This property was built in 1956. 719 N Kingsley Dr is a home located in Los Angeles County with nearby schools including Alexandria Avenue Elementary School, STEM Academy at Bernstein High, and Helen Bernstein High School.

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