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    817 N Kingsley Drive

    Los Angeles (City), CA 90029
    • $1,295,000
    • STATUS: Active
    • ON SITE: 135 days
    • ID#: 20663306
    UPDATED: 52 min ago
    $1,295,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,790
      SQFT
    • $464
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1974
    County:

    School Ratings & Info

    Description

    Reduced by $200k - Possible to have all units vacant upon closing. SMALL LOT SUBDIVISION POTENTIAL - RD1.5 ZONING TIER 1 with 35% bonus - Triplex with multiple options. Buy with existing tenants and enjoy the cash flow and wait until small subdivision approved. Or keep the business or keep the business model presently in place and add 5 bedroom unit in the back and increase the cash flow. Seller has plans for a detached 5 bedroom back house in process with the Los Angeles Department Building and Safety.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-13T11:25:33.267. 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 Realty Masters & Associates. Licensed in the State of California, USA.
    www.mckeeregroup.com/homes/112258245
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    817 N Kingsley Drive Los Angeles (City), CA 90029

    • Price: $1,295,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: 20663306
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    2,790
    SQFT
    $464
    $/SQFT
    1974
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    Reduced by $200k - Possible to have all units vacant upon closing. SMALL LOT SUBDIVISION POTENTIAL - RD1.5 ZONING TIER 1 with 35% bonus - Triplex with multiple options. Buy with existing tenants and enjoy the cash flow and wait until small subdivision approved. Or keep the business or keep the business model presently in place and add 5 bedroom unit in the back and increase the cash flow. Seller has plans for a detached 5 bedroom back house in process with the Los Angeles Department Building and Safety.
    Exterior Features

    Lot Size Units Square Feet Parking Features Side By Side Parking YN Yes View None View YN No

    Interior Features

    Appliances Refrigerator Appliances YN Yes Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes

    Property Features

    Country Us Gross Income 91200.00 Gross Multiplier 8.75 Gross Operating Income 91200.00 Net Operating Income 65000.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 26200.00 Vacancy Allowance Rate 10.00 Zoning Lard1.5

    Listing provided courtesy of Vladimir Rozumny of Vladimir Rozumny


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-13T11:25:33.267. 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 Realty Masters & Associates. Licensed in the State of California, USA.
     
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