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1176 N. Kingsley Dr. Los Angeles, CA 90029
  • Beds 12
  • Garage 5
  • Baths 11
  • acres 7,896
  • Status Sold
  • Year Built 1957
  • Property Type Apartment Building

About This Property

The Kingsley Apartments is an 11 unit apartment building, located in the Heart of Hollywood, consisting of 10 one bedroom one bathroom units, and 1 two bedroom one bathroom unit.

Four of the Eleven tenants are Section 8 tenants. There is one unit vacant and all others are occupied, with rent collections made in full ever since the pandemic, including those with Section 8 tenants.

There are five tandem parking spaces, and the remaining six units do not have parking. There is a laundry facility on-site, and storage spaces located above the parking spaces. Soft-story retrofit plans have been fully approved, and are shovel-ready, allowing investors to recoup future capex reimbursements from tenants.

Prime location of Hollywood, with constant redevelopment all around!

Jack Baboudjian represented the Sellers in this Transaction.

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