1256 N Kingsley Drive, Los Angeles, CA 90029

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1256 N Kingsley Drive,Los Angeles, CA 90029
$1,800,000
  • - Beds
  • - Baths
  • 5,966 sq. ft.
  • Multi-family
  • Active
Listed by:everett wong
Office:greysteel california, inc.
MLS#:PW25105374
Source:CRMLS

Price summary

  • Price:$1,800,000
  • Price per sq. ft.:$301.71

About this home

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.

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Home facts

  • Year built:1962
  • Listing Id #:PW25105374
  • Added:91 day(s) ago
  • Updated:August 12, 2025 at 02:10 PM

Rooms and interior

  • Living area:5,966 sq. ft.

Structure and exterior

  • Year built:1962
  • Building area:5,966 sq. ft.
  • Lot area:0.18 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,800,000
  • Price per sq. ft.:$301.71
Based on information from California Regional Multiple Listing Service, Inc. as of August 12, 2025 . 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. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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