$1,299,999
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1150 Kingsley Drive Los Angeles, CA 90029
Apartment
Residence
Beds
Baths
...
Bed/Bath
3,199
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
We are pleased to present the opportunity to acquire a fixer 6 unit apartment building in East Hollywood! 4 of the 6 units will be delivered VACANT and present the ideal situation for a buyer to remodel and renovate the vacant units right away! The building consists of 2 structures--the front buildi...ng consists of 5 units and the back building consists of 1 unit. ALL the units are in a heavy fixer condition. There are also 4 detached garages in the back lot, which can be converted to one or more ADUs. The spacious +/- 7,895 sq. ft. lot. also presents the opportunity to build additional ADUs on the lot. Upon renovating and repositioning the units, the buyer can realize annual rental income of at least $175,200. Located in an Opportunity Zone, the building could provide potential tax benefits for a buyer! The buyer also has the option to revise the unit interior floor plans to maximize revenue. Given the building's central location in the bustling rental Hollywood rental market and close to Virgil Village, Melrose Hill, and the numerous establishments across Santa Monica Blvd., this is a value-add investment not to be missed!
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MLS#
SR24182288
Property Type
Apartment
Year Built
1928
Square Feet
3,199
sq. ft
Lot Size
0.18
Stories
2.0
Sewer
Public Sewer
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