Multiple Listing Service Los Angeles Real Estate

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501 S Kingsley Dr, Los Angeles, CA. 90020

Listing Price: $4,750,000 Sold Price: $4,025,000
Beds: N/A | Baths: 22

1 2

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Details

MLS#: 23-335801

APN#: 5503-023-017

Status: Sold

Lot Size: 11210

Sq Ft: 11274

Beds: N/A

Baths: 22

Style: N/A

Year Built: 1956

Subdivision:

Roof: N/A

Spa: N/A

Tennis: N/A

Laundry: N/A

Heat: Wall

Air: Wall/Window

Property Type: Income

Sale Type: Standard

Land Type: N/A

Lease Amount: N/A

Lease Exp: N/A

HOD: N/A

Area: Mid-Wilshire

City: Los Angeles

Zip code: 90020

Map: N/A

View: N/A

Waterfront: N/A

Sewer: N/A

Parking # 13

Security: N/A

Amenities: N/A

Pool:

Floor: N/A

Rooms: N/A

Fireplace: N/A

Parking: None
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WalkScore
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Remarks Community Report

We are pleased to present 501 South Kingsley Drive, a value add 22-unit apartment building located in the heart of Koreatown. Built in 1956, the property consists of (19) studio/one-bathroom units and (3) one-bedroom/one-bathroom units. Current rents are approximately 31% under market providing a new investor the opportunity to renovate units and common areas in order to maximize rental income. The property features controlled access, pool, covered parking and an on-site laundry facility. The units feature laminate flooring, air-conditioning and renovated kitchens with new cabinetry and stone countertops (select units). The 11,274 sf building sits on a 11,210 sf lot that is LAR4 zoned. This property can be purchased along with neighboring 515 South Kingsley Drive, 16-units (38-unit portfolio).501 South Kingsley Drive boasts a Walk Score of 93 as it is located just a short walk to trendy coffee shops, cafes, bars, restaurants, and retail along both Wilshire Boulevard and Western Avenue. The property is conveniently located near the 101, 10 and 110 freeways and just a short drive to major job centers such as Hollywood, Century City, Beverly Hills and Downtown LA. The property is also 0.4 miles from the Wilshire/Normandie Metro D Line Station offering a viable public transportation option for eastbound commuters headed to Downtown Los Angeles and westbound commuters headed to Beverly Hills/Century City/Westwood (western route to be completed in phases from 2025-2027).

Seller's Agents

- Name: Ziegler, Matthew | Email
- Phone: 818-212-2738
- Cell: 310-403-3325
- CalDRE #: 01280909
- Website
- Office: Marcus & Millichap
- Office Phone: 818-212-2700
- Name: N/A, N/A
- Phone: N/A
- Cell: N/A
- CalDRE #: N/A
- Office Name: N/A
- Office Phone: N/A

Buyer's Agents

- Name: Galuz, Alex | Email
- Phone: 310-466-0888
- Cell: 310-466-0888
- Lic #: 01291486
- Office: Keller Williams Realty Calabasas
- Office Phone: 818-657-6500
- Name: N/A, N/A
- Phone: N/A
- Cell: N/A
- Lic #: N/A
- Office Name: N/A
- Office Phone: N/A

Last Updated: 7/18/2024 1:59:59 PM

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