950 N Kingsley Drive, Los Angeles, CA 90029

About this property

Owner user opportunity! Fix up and rent! Potential development site for 16 units! Triplex Investment opportunity in East Hollywood. The front unit was constructed in 1920 featuring 3 bedrooms 2 bathrooms. The front unit is seller occupied and has been untouched in years providing an opportunity for a new owner to remodel the front unit and capitalize on market rent. Front house likely has deferred maintenance. The rear two units were built in 1949, each featuring 2 bedrooms and 2 bathrooms, one of which is a townhome style unit. Both 2 bed units delivered vacant at closing. The 3 bed unit is owner occupied, needs 60-90 days to relocate after closing. The property also features potential for redevelopment. Per Brickwork you can develop 9 multifamily units by right, or 16 units with TOC Tier 2. This excellent East Hollywood location features a Walk Score of 85 out of 100 and is minutes away from tenant daily needs, nightlife, restaurants and much more! Some of the household names in the area include Home Depot, McDonald's, Erewhon, Chick Fil A, Jons International Marketplace, Target, Rite Aid, and much more! Tenants have easy access to local public schools, hospitals, and the Sunset Gower Studios.

Listing description from the December 2023 sale, as reported to CRMLS.

Sale history

$1,175,000

Sold December 2023 · listed $1,250,000, on market August 2023 · MLS #23299863 · Source: CRMLS

Listing Agent: Andy Anubhav Kawatra · Listing Office: Andy Anubhav Kawatra · Contact: 818-456-7846 · Bought with: Andy Anubhav Kawatra · Andy Anubhav Kawatra

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