Back To Search
515 Kingsley Drive
Los Angeles, CA 90020
Sold
515 Kingsley Drive
Los Angeles, CA 90020
Sold
We are pleased to present 515 South Kingsley Drive, a value add 16-unit apartment building located in the heart of Koreatown. Built in 1959, the property consists of (16) one-bedroom/one-bathroom units. Current rents are approximately 50% 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, 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 12,516 sf building sits on a 11,260 sf lot that is LAR4 zoned. This property can be purchased along with neighboring 501 South Kingsley Drive, 22-units (38-unit portfolio).515 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).
PROPERTY INFORMATION
| MLS # | 23335807 | Lot Size | 11,260 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 3,350,000
Price Per SqFt: $ 268 |
DOM | 523 Days |
| Address | 515 Kingsley Drive | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 12,516 Sq. Ft. |
| Postal Code | 90020 | Garage | N/A |
| County | Los Angeles | Year Built | 1959 |
| Bed / Bath | 1 / 0 | Parking | 16 |
| Built In | 1959 | Status | Closed |
| Sold Date | 2024-07-19 |
INTERIOR FEATURES
| Has Appliances | Yes |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Has Cooling | Yes |
| Cooling Information | Wall/Window Unit(s) |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $3,573
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 07/19/2024 | Sold | $2,950,000 |
| 11/29/2023 | Listed | $3,350,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
Interested in buying or selling a home similar to 515 Kingsley Drive?
Listing provided courtesy of Matthew Ziegler, Marcus & Millichap. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
