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106 N Kings Rd, Los Angeles, CA 90048
$3,645,000
106 N Kings Rd, Los Angeles, CA 90048View this property at 106 N Kings Rd, Los Angeles, CA 90048
106 N Kings RdLos AngelesCA90048
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Property Description
PRICE REDUCED $305,000! We are pleased to offer for sale 2 incredible multifamily assets located at 106 N. Kings Rd. and 110 N. Kings Rd. in the heart of the Beverly Grove area of the Westside. Originally built in 1940 and ideally situated on a large double lot, the buildings exude the character and vintage charm of 1940's French Normandy architecture. The properties, each with their own APN, consist of all extremely large 1-bedroom layouts with each unit offering a terrific spacious floor plan flooded with natural light. Beautifully set around a meticulously landscaped and tranquil central courtyard, the buildings offer the astute investor a quintessential value-add opportunity. As current rents hover around $2.25/SF., there is tremendous rental upside through a comprehensive renovation program as units turn. Additionally, there is ample on-site parking with no soft story retrofit required (Buyer to verify). This is a fantastic trophy asset in an undeniably attractive location that will surely pay longterm dividends to a savvy investor. This rare offering presents a canny investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.
Full Property Details
Full Property Details for 106 N Kings Rd
General
- Sold For: $3,645,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 24-358547
- Added to Site: 96 day(s) ago
Interior
- Interior Features: Crown Moldings
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 8
Bedrooms
- Total Bedrooms: 8
Other Rooms
- Laundry: In Unit
Additional Information
- Other Features: None
Parking
- Garage Description: Assigned, Detached
Location
- Area: Beverly Center-Miracle Mile
- County: Los Angeles
- Driving Directions: In between 3rd Street and Beverly Blvd. Walking distance to the Beverly Center and the Grove
Heating & Cooling
- Cooling Type: Wall/Window
- Heating Type: Wall
Structural Information
- # Buildings: 2
- Stories/Levels: 2
- Square Feet: 8,822
- Sq. Ft. Source: Assessor
- Year Built: 1940
- Year Built Source: Assessor
Unit Information
- Units in Complex: 8
- Unit Type: 2106
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1643
- Lot Size: 14176
- Lot Size Source: Assessor
- Zoning: LAR3
Financial Considerations
- Price Per Sq. Ft.: $418.84
- Assessment Year: 1940
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 5511-010-011
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Schools
Schools serving 106 N Kings Rd
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
503 N Croft Ave, Los Angeles, CA 90048 | K-6 | 0.5 mi | |
600 S McCadden Pl, Los Angeles, CA 90005 | 6-8 | 2.1 mi | |
7850 Melrose Ave, Los Angeles, CA 90046 | 9-12 | 0.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 106 N Kings Rd
Date
Details
Price
Change
Source
4/12/2024
Sold
$3,645,000
-1.35%
MLS
3/11/2024
Price Reduced
$3,695,000
-7.62%
MLS
2/15/2024
Listed
$4,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
106 N Kings Rd, Los Angeles, CA 90048 (MLS# 24-358547) is a Multi-Family property that was sold at $3,645,000 on April 12, 2024. This property was sold by Steve Geller from our Beverly Hills Office.Want to learn more about 106 N Kings Rd? Do you have questions about finding other Multi-Family real estate for sale in Miracle Mile? You can browse all Miracle Mile real estate or contact a Coldwell Banker agent to request more information.