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    626--630 N Kingsley Dr

    Los Angeles, CA 90004
    • $5,700,000
    • STATUS: Pending
    • ON SITE: 42 days
    • MLS #: 21-730610
    Pending
    UPDATED: 62 min ago
    $5,700,000
    • 37
      BEDS
    • 0.52
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,120
      SQFT
    • $434
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1987
    County:
    Area:

    School Ratings & Info

    Description

    626 & 630 N Kingsley Drive, an eighteen unit apartment community portfolio located in the Melrose Hill neighborhood of Los Angeles, adjacent to Koreatown. Originally built in 1987 & 1924, the current owner has owned the building for over 20 years. There will be 13 out of 18 units delivered vacant, the property is perfectly suited for a comprehensive renovation that would allow investors to immediately add value.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-24T10:42:32.223. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.searchdesertrealestate.com/homes/117040078
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    626--630 N Kingsley Dr Los Angeles, CA 90004

    • Price: $5,700,000
    • Status: Pending
    • Updated: 62 min ago
    • MLS #: 21-730610
    37
    Beds
    0
    Baths
    0
    ½ Baths
    0.52
    Acres
    13,120
    SQFT
    $434
    $/SQFT
    1987
    Built
    Neighborhood:
    Mid-Wilshire
    County:
    Los Angeles
    Area:
    Mid-Wilshire
    Property Description
    626 & 630 N Kingsley Drive, an eighteen unit apartment community portfolio located in the Melrose Hill neighborhood of Los Angeles, adjacent to Koreatown. Originally built in 1987 & 1924, the current owner has owned the building for over 20 years. There will be 13 out of 18 units delivered vacant, the property is perfectly suited for a comprehensive renovation that would allow investors to immediately add value.
    Exterior Features

    Lot Size Area 22735 Other Structures None Parking Garage Side By SideTandem Total Parking 29

    Interior Features

    Baths Total 19.00 Cooling Air ConditioningCentralWall/Window Equipment Range/OvenRefrigerator Flooring BambooLaminateTile Heating CentralWall Kitchen Features Granite Counters Laundry Community Water Heater Features TanklessWater Heater Unit

    Property Features

    ADACompliance Yes Gross Income 540720 Gross Operating Income 540720 Like Units1 2 Like Units2 13 Like Units3 2 Like Units4 1 Net Operating Income 384992.00 Number Of Buildings 5 Number Of Units 18 Sale Type Standard Security Features GatedExterior Security LightsSmoke Detector Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays GasElectricity Total Annual Expense 139206 Type Of Units Multifamily Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Andrew Park DRE# of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-24T10:42:32.223. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    The John Jay Group - Bennion Deville Homes
    74996 Highway 111
    Indian Wells CA, 92210