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Stacy Charlton

Stacy Charlton
CalBRE License #: 01278325
RE/MAX Empower
Burbank, CA 91502

818-434-6683
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Listing 1 out of 14
Sold for $1,125,000 Sold

1214 N Kingsley Drive
Hollywood, CA 90029

8 units | Multi Family Home
7893 sq ft lot - MLS# 318005076
Property Photo

Sold

Sold for $1,125,000 on May 14, 2019

Description

We are proud to present this 8-unit apartment building in Hollywood. Its unit mix consists of Six (6) one-bedroom, one-bathroom units and Two (2) two-bedroom, one and a half bathroom units, which presents a stable long term investment opportunity. With a big lot size, the property has a total of 6,703 rentable square feet. Utilities are individually metered for gas and electricity. All units have been renovated. This area of East Hollywood is fast becoming the new hot spot in Los Angeles. It's central to the Metro, LA City College, Griffith Park, Los Feliz, Silver Lake, and DTLA. It has historic shopping and popular local restaurants and bars that make it a diverse, thriving neighborhood. It is home to many theatres, art galleries, cafes, music recording venues, and shops. Its residents have easy access to public transportation.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $1,250,000
  • Zip Code: 90029
  • Year Built: 1957
  • Stories: Two
  • Units: 8 units
  • Lot Size: 7893 sq ft lot
  • Zoning: LARD1.5
  • Area: C34 - Los Angeles Southwest
  • Building Area Total: 6703.00
  • Cap Rate: 4.12
  • Country: US
  • Flooring: Stone, Laminate, Tile
  • Fuel Expense: 120.00
  • Gross Income: 11913.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 900.00
  • Listing Agent License: 01879476
  • Lot Size Area: 7893.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: IT
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Selling Agent: Non-Member Default
  • Total Actual Rent: 142956.00
  • Water Sewer Expense: 450.00
  • Sold Price: 1125000.00
  • Sold Date: 2019-05-14
Courtesy of Galstar Realty, Sargis Galstyan



Stacy Charlton | 818-434-6683 | Email Me
707 S Victory Blvd - Burbank, CA 91502
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