LOS ANGELES, CA 90027
We proudly present 1847 N. Kingsley Drive in Los Feliz, an iconic Los Angeles community where both the Observatory and Griffith Park are located. As you walk up the large park-like front yard past the bellowing palm trees you enter a truly timeless piece of architecture with its aesthetics clearly rooted in the mid-century form of architecture from when it was built. The property houses 2-2BR/1BA units, 22-1BA/1BA units, 3 studio units, and 1 bachelor unit, in a pristine and modern courtyard setting with a large, beautiful pool for the residents to enjoy.
The current owners who have generously and meticulously maintained and renovated the property as the need has arisen, are entering the next exciting chapter of their lives, and feel it is time to pass this jewel of a property to the next owner who can continue to be its steward.
Keeping with their philosophy of repairing and replacing items and systems at the property as the need arose, two years ago they completely replaced the deck structure on the first floor and above the garage and last year completed all soft story retrofit requirements by the City of Los Angeles. Both projects together cost approximately cost three hundred thousand dollars and not only make the property look almost brand new but make it much safer for the tenants to call home. Recently, the owners have also replaced the east and south-facing windows on the building.
This is truly a trophy property in a trophy location with not only a healthy return based on current rents but also an approximately 25% upside potential and a world of future development possibilities.
Year Built: 1958
Lot Size: 19,358
Gated and Covered Parking for 20 cars
Community Laundry Room