Skip To Content

    619 N Kingsley Drive

    Los Angeles (City), CA 90004
    • $5,495,000
    • STATUS: Active
    • ON SITE: 62 days
    • ID#: SR21050690
    UPDATED: 45 min ago
    $5,495,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,976
      SQFT
    • $393
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1987
    County:

    School Ratings & Info

    Description

    This 1987 construction is on the market for the first time since it was purchased from the builder in 1989! All 16 units are two level, townhome-style spaces, boasting at least two bedrooms and two baths, some with an additional bedroom, loft or den. Several units have been remodeled with new granite counters, new flooring and new appliances. Community amenities include gated entry, ample reserved gated parking, twenty-four hour surveillance cameras and onsite laundry facilities. With four units being delivered vacant, there is opportunity to add significant rent upside immediately. The property is centrally located in a prime location near DTLA, Larchmont District, Paramount Pictures, Korea Town, Hollywood and Little Armenia offering nearby entertainment, shopping, restaurants and local transportation.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-13T14:39:32.25. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/114985373
    Print Image

    619 N Kingsley Drive Los Angeles (City), CA 90004

    • Price: $5,495,000
    • Status: Active
    • Updated: 45 min ago
    • ID#: SR21050690
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    13,976
    SQFT
    $393
    $/SQFT
    1987
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    This 1987 construction is on the market for the first time since it was purchased from the builder in 1989! All 16 units are two level, townhome-style spaces, boasting at least two bedrooms and two baths, some with an additional bedroom, loft or den. Several units have been remodeled with new granite counters, new flooring and new appliances. Community amenities include gated entry, ample reserved gated parking, twenty-four hour surveillance cameras and onsite laundry facilities. With four units being delivered vacant, there is opportunity to add significant rent upside immediately. The property is centrally located in a prime location near DTLA, Larchmont District, Paramount Pictures, Korea Town, Hollywood and Little Armenia offering nearby entertainment, shopping, restaurants and local transportation.
    Exterior Features

    Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 17 Parking Features Controlled Entrance Parking Total 27 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No

    Interior Features

    Common Walls 2+ Common WallsNo One AboveNo One Below

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 5 Common Interest Community Apartment Community Features Suburban Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 406307 Gross Scheduled Income 414750 Insurance Expense 9890 Land Lease YN No Laundry Features Common AreaSee Remarks Levels Three Or More Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 Exchange Net Operating Income 274997 New Construction YN No New Taxes Expense 1 Number Of Separate Gas Meters 17 Number Of Separate Water Meters 1 Number Of Units Leased 11 Operating Expense 131310 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 23413 Trash Expense 4644 Vacancy Allowance 12442 Vacancy Allowance Rate 3 Water Sewer Expense 45000 Water Source Public Zoning Lar3

    Listing provided courtesy of Maritoni Anz of Horizanz Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-13T14:39:32.25. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365267628-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365267628-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365267628-1.jpg
    Logo
    Team Tami | Palm Realty Boutique
    7101 Playa Vista Dr.
    Playa Vista CA, 90094