Property Details
About this Property
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.
MLS Listing Information
MLS #
CRPW25105374
MLS Source
California Regional MLS
Days on Site
13
Interior Features
Laundry
Community Facility
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 12 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1256 N Kingsley Dr is a Residential Income in Los Angeles, CA 90029. This – square foot property sits on a 7,896 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,800,000 and was built in 1962. This address can also be written as 1256 N Kingsley Dr, Los Angeles, CA 90029.
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This listing information is up-to-date as of May 12, 2025. For the most current information, please contact Everett Wong, (310) 439-5790
