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$1,400,000
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Property Description
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.
Full Property Details
Full Property Details for 1256 N Kingsley Dr
General
- Sold For: $1,400,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: PW25105374
- Added to Site: 251 day(s) ago
Rooms
Other Rooms
- Laundry: Community
Additional Information
- Pool Description: None
Location
- Area: C20 - Hollywood
- County: Los Angeles
- Development Name: C20 - Hollywood
- Driving Directions: West of Normandie. South of Fountain.
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 12
- # Electric Meters: 12
Structural Information
- Entry Location: Ground
- Square Feet: 5,966
- Year Built: 1962
Lot Features
- Lot Size (Acres): 0.1813
- Lot Size Source: Assessor
- Zoning: LARD1.5
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $234.66
- Price Per Unit: 150000
Listed and Sold by Greysteel California, Inc., Everett Wong
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Schools
Schools serving 1256 N Kingsley Dr
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Kingsley Elementary School, Los Angeles, CA 5200 Virginia Avenue, Los Angeles, CA 90029 | K-5 | 0.2 mi |
Joseph Le Conte Middle School 1316 N. Bronson Ave., Los Angeles, CA 90028 | 6-8 | 0.9 mi |
Helen Bernstein High School 1309 N. Wilton Pl., Los Angeles, CA 90028 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1256 N Kingsley Dr
Date
Details
Price
Change
Source
8/12/2025
Sold
$1,400,000
-22.22%
MLS
5/12/2025
Listed
$1,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1256 N Kingsley Drive, Los Angeles, CA 90029 (MLS# PW25105374) is a Multi-Family property that was sold at $1,400,000 on August 12, 2025. Want to learn more about 1256 N Kingsley Drive? Do you have questions about finding other Multi-Family real estate for sale in Hollywood? You can browse all Hollywood real estate or contact a Coldwell Banker agent to request more information.

