Los Angeles, CA 90029 1256 N Kingsley Drive
$1,800,000
5 more
Presented By: Everett Wong with Greysteel California, Inc.; 310-382-6705
- MLS# PW25105374
- 05/12/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 8
Baths • 12
SQFT • 5,966
Home Details
1256 N. Kingsley Drive offers investors a value-add opportunity in the heart of rapidly developing East Hollywood. The property consists of 12 units (2 Two-Bedrooms, 4 One-Bedrooms and 6 Bachelor units) currently producing an average rent of just $1,130 per unit per month, presenting a significant rental upside of over 50% as units are brought to market rates upon unit turns. A new roof was installed in 2020, and the property offers 11 on-site parking spaces, including 2 tandem and 7 single spaces. With ample room for potential detached ADUs utilizing SB 1211 (buyer to verify), there's added development upside. The property is subject to the Los Angeles Seismic Retrofit Ordinance with plans have been submitted and construction pending. This is a strong repositioning play in one of LA’s most dynamic rental submarkets.
Presented By: Everett Wong with Greysteel California, Inc.; 310-382-6705
Interior Features for 1256 N Kingsley Drive
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 1256 N Kingsley Drive
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesUrban
CountyLos Angeles
DirectionsWest of Normandie. South of Fountain.
Electric Expense0.0
Entry LocationGround
Fuel Expense3084.0
Garage Spaces0.0
Garage Y/NNo
Gross Income162701.0
HOANo
Home Warranty Y/NNo
Insurance Expense12000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsConventional
Lot Size Square Feet7896.0
Lot Size UnitsSquareFeet
MLS AreaC20 - Hollywood
Maintenance Expense6000.0
MobileHomeRemainsYNNo
Net Operating Income75852.0
New ConstructionNo
Number Of Units Total12
Number of Units Leased12
Operating Expense82567.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot6
Taxes$21,474
Trash Expense7200.0
Water Sewer Expense24072.0
Year Built1962
Year Built SourcePublicRecords
ZoningLARD1.5
Exterior for 1256 N Kingsley Drive
Building Area Total5966.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.1813
Lot Size Area7896.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters12
Number of Separate Gas Meters12
Number of Separate Water Meters1
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate