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1621 N Kingsley Dr 5 Unit Apartment Building $998,000 ($199,600/Unit) Los Angeles, CA 90027
Executive Summary
Located in the vibrant Thai Town neighborhood of East Hollywood, 1621 N Kingsley Dr offers a rare opportunity to acquire a charming bungalow-style multifamily property within the broader Hollywood / Los Feliz rental market area. This five-unit property features a unit mix of all one-bedroom, one-bathroom units, consisting of three freestanding bungalow-style units and a duplex with two units. Each unit is separately metered for gas and electric, and each unit has its own individual water heater.
Recent improvements include new electrical panels, helping reduce future capital expenditure needs while providing an important infrastructure upgrade. With its desirable unit mix, character-rich bungalow layout, and location in a high-demand rental corridor near Hollywood and Los Feliz, the property presents an attractive investment opportunity for buyers seeking long-term growth and strong tenant demand in one of Los Angeles’ most dynamic neighborhoods.
Recent improvements include new electrical panels, helping reduce future capital expenditure needs while providing an important infrastructure upgrade. With its desirable unit mix, character-rich bungalow layout, and location in a high-demand rental corridor near Hollywood and Los Feliz, the property presents an attractive investment opportunity for buyers seeking long-term growth and strong tenant demand in one of Los Angeles’ most dynamic neighborhoods.
Property Facts
| Price | $998,000 | Building Class | C |
| Price Per Unit | $199,600 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 3,078 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1917 |
| Apartment Style | Garden | Parking Ratio | 1.95/1,000 SF |
| Zoning | RD1.5-1XL - Restricted Density Multiple | ||
| Price | $998,000 |
| Price Per Unit | $199,600 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,078 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1917 |
| Parking Ratio | 1.95/1,000 SF |
| Zoning | RD1.5-1XL - Restricted Density Multiple |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Tenant Controlled HVAC
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 594 - 648 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5544-016-006 | Improvements Assessment | $173,400 |
| Land Assessment | $693,600 | Total Assessment | $867,000 |
Property Taxes
Parcel Number
5544-016-006
Land Assessment
$693,600
Improvements Assessment
$173,400
Total Assessment
$867,000
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1621 N Kingsley Dr
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