Orange County , Irvine, Rancho, Mission Viejo, Lake Forest, Coto de Caza, Aliso Viejo, Trabuco Canyon, and Portola Hills. Danielle and Jim Corliss helping to find and buy the home of your dreams.

1250 N Kingsley DriveLOS ANGELES, CA 90029 0

Status: Active
  • Sqft:
  • Lot:0.36 acre
  • 21760746
Courtesy Of David Kaufman, DRE#01217537, David Ballin Kaufman


1250 N. Kingsley, Kingsley Terrace, is a 24-unit two story complex with ample parking (34 spaces for 24 units). Close to all the action in Hollywood, this charming complex is a gated and features a recently-resurfaced swimming pool, a laundry room and balcony units in the rear of the property. There is a current vendor agreement in place for seismic retrofitting that can be assigned to new buyer. A 10%deposit has been paid toward the cost of the work leaving a balance of $67,500. The building is separately metered for gas and electric. ALL UNITS HAVE AIR CONDITIONING! This property is part of a 10-property portfolio totaling 186 units. Most of the properties are in the 90029 & 90006 zip codes of Los Angeles, CA. These well-located properties offer convenient access to Downtown Los Angeles & Mid-Wilshire and can be managed efficiently due to their proximity to one another. The properties are well maintained and have had many exterior and interior improvements. There is still +28% upside to be realized as units turn and the opportunity to construct two additional units already permitted at 1006 Mariposa. This infill multifamily portfolio is in an improving submarket in LA and gives an investor diversification amongst 12 different APNs and proven upside through continued unit turns.

Main Features:

Listing Status Active Rental Price $0
Year Built 1960 County LOS ANGELES
Units 24 Zoning LARD1.5

Additional Features:

Appliances Microwave
Garage Y
Listing Service FullService
Listing Type SellerReserved
Parking Covered
Pool Fenced
Special Conditions Standard

Extra Features:

Building Square Feet 17678 CDOM 62
DOM 62 Gross Income 406148
Listing Key 529485688 Lot Size Dim 100x158
Net Operating Income 243760 Number of Buildings 1
Parcel Number 5537014031
Courtesy Of: David Kaufman

David Ballin Kaufman

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable Copyright 2021 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Information deemed reliable but not guaranteed.
Copyright© 2021 California Regional Multiple Listing Service, Inc. All rights reserved.
Last Updated On: 12/9/2021 8:14:48 AM
MLS Logo

Corliss Realty Inc

James Corliss


17 WillowgladeDove CanyonCA92679
Business:(949) 888-2676
Cal DRE#01224199, 01292808

A Better Way to Buy and Sell Real Estate

This is a one-stop real estate website for all your home buying and selling needs in Orange County. Contact us if you'd like more information on finding your dream home or preparing to sell your home.