1256 N Kingsley Dr
Los Angeles, CA 90029
1256 N.
Sales Price $1,800,000
Beds
8
Baths
12
Home Size
5966 Sq. Ft.
Lot Size
7896 Sq. Ft.
1256 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.
This home located at 1256 N Kingsley DR is currently active and has been available on pardeeproperties.com for 0 day. This property is listed at $1,800,000. It has 8 beds and 12 bathrooms. The property was built in 1962. 1256 N Kingsley DR is in the Hollywood community of Los Angeles County.
Quick Facts
- Built in 1962
- Total parking spaces 0Car
- Community | Hollywood
- MLS# | PW25105374MR
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