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501 S Kingsley Drive
USD 4,750,000
Property ID: 23335801
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501 S Kingsley Drive ,90020
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icon 11210 SqFt
icon Built in 1956
icon USD 424/SqFt
icon 0 Bed
icon 22 Full
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Location Street View
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Interior Details
Bedrooms
0
Bathrooms
22
Interior Size
11274
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1956
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Detailed Introduction Of This Home
We are pleased to present 501 South Kingsley Drive, a value add 22-unit apartment building located in the heart of Koreatown. Built in 1956, the property consists of (19) studio/one-bathroom units and (3) one-bedroom/one-bathroom units. Current rents are approximately 31% 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, pool, 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 11,274 sf building sits on a 11,210 sf lot that is LAR4 zoned. This property can be purchased along with neighboring 515 South Kingsley Drive, 16-units (38-unit portfolio).501 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).
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
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Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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501 S Kingsley Drive
USD 4,750,000 0 Beds
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