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Property view

1256 N Kingsley Drive, 
Los Angeles, CA 90029

$1,400,000

—

Bed

—

Bath

5,966

Sq Ft

Multi-Family

Sold

Listed by

Everett Wong

Bought with Greysteel California, Inc.

Greysteel California, Inc.

310-439-5794

MLS#

PW25105374

Source:

CRMLS

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About This Home

1256 N Kingsley Drive

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.

Home Facts

Multi-Family

Built in 1962

Price Summary

1,800,000

$301 per Sq. Ft.

MLS #:

PW25105374

Sold:

August 12, 2025

Rooms & Interior

Interior

Living Area:

5,966 Sq. Ft.

Structure

Structure

Building Area:

5,966 Sq. Ft.

Year Built:

1962

Lot

Lot Size (Sq. Ft):

7,897

Finances & Disclosures

Finances

Price:

$1,800,000

Price per Sq. Ft:

$301 per Sq. Ft.

Source:CRMLS
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