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

$6,100,000
Multi-Family
Status: Active
  • Sqft:
  • Lot:0.36 acre
  • 21760746
34.094081878662109-118.3021240234375
Courtesy Of David Kaufman, DRE#01217537, David Ballin Kaufman

Description:

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
Garage
SideBySide
Tandem
Pool Fenced
InGround
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

DRE#01217537
David Ballin Kaufman

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Last Updated On: 12/9/2021 8:14:48 AM
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Corliss Realty Inc

James Corliss

Broker/Owner

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

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