Presenting an exceptional investment opportunity at 634 North Kingsley Drive, a well-managed 16-unit multifamily property located in the heart of Mid-Wilshire. Built in 1954, this asset comprises 16 one-bedroom/one-bathroom units, with upgraded units featuring laminate flooring, granite countertops, wall-mounted HVAC systems, and modern kitchen appliances. The property offers significant value-add potential, with current rents approximately 35% below market rates. A vacant unit provides an immediate opportunity for renovation and income maximization. Recent lease agreements for units 3 and 15, at $1,995 per month, affirm the market rent for the area. With the last 4% rental increase implemented in February 2024, a new investor will have the opportunity to further increase rents in February 2025. Key property features include parking for 13 vehicles, an on-site laundry facility, and individually metered gas and electric utilities for each unit. Notably, the property requires no soft story retrofit, minimizing potential capital expenditures. The property boasts a "Walk Score" of 90, with close proximity to shops, restaurants, and retail along Melrose Avenue and Beverly Boulevard. It is also conveniently situated within a short drive of Hollywood, Downtown Los Angeles, West Hollywood, and Beverly Hills, and is within walking distance of the Metro B Line (Red) at Vermont/Beverly Station.
Property Details
Property Features
Property Information:
Year Built: 1954
Stories: 2
Living Area: 11,564 SqFt
Listing Office:
Office Name: Westside Estate Agency Inc.
Office Phone: (310) 247-7770
Listing Agent: Trevor Bergher
Interior Features
Interior Information:
Appliances: Dishwasher, Refrigerator
Interior: Ceiling Fan(s)
Bedroom and Bathroom Information:
Total Bedroom Count: 16
Exterior Features
Parking Information:
Parking: Assigned
Lot Features
Lot Information:
Lot Size: 0.29 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
School Info
Assigned Schools Information:
Belmont Senior High School, Public District Grades 9-12
Contreras Learning Center-Academic Leadership Community, Public District Grades 9-12
Contreras Learning Center-Los Angeles School of Global St, Public District Grades 9-12
Virgil Middle School, Public District Grades 6-8
Studio, Public District Grades 6-8
Harvard Elementary School, Public District Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Academy For Enriched Sciences, Public Magnet Grades 1-5
Other
Directions Information:
Directions: North of Beverly Blvd / South of Melrose Ave / West of Normandie Ave / East of Western Ave
Price Information
Listing Price Info
Price Summary:
List Price: $3,395,000
Price Per SqFt: $294/SqFt
Tax Information:
Annual Amount: $33,100
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $2.3M more than the Median Sold Price and $346/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24434731
Listing Office:
Office Name: Westside Estate Agency Inc.
Office Phone: (310) 247-7770
Listing Agent: Trevor Bergher
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 10/22/2024, 9:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Feb 27, 2015
Feb 27, 2015Home Sold
$2,400,000
Dec 12, 2012
Dec 12, 2012Home Sold
$2,050,000
Aug 01, 2006
Aug 01, 2006Home Sold
$1,880,000
Nov 23, 2005
Nov 23, 2005Home Sold
$1,775,000
Jul 11, 2003
Jul 11, 2003Home Sold
$1,110,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$33,100
$2,664,973
2020
$32,137
$2,637,450
2019
$31,837
$2,585,736
2018
$31,124
$2,535,036
2017
$31,124
$2,485,331
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Harvard Elementary School
330 N Harvard Blvd
Distance between this listing and this school0.39 miles
Public District Grades KG-5
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school2.41 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school20.84 miles
Public Magnet Grades 1-5
Middle School
5
/10
Virgil Middle School
152 N Vermont Ave
Distance between this listing and this school0.97 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school4.11 miles
Public District Grades 6-8
High School
3
/10
Belmont Senior High School
1575 W 2nd St
Distance between this listing and this school2.66 miles
Public District Grades 9-12
3
/10
Contreras Learning Center-Academic Leadership Community
322 Lucas Ave
Distance between this listing and this school2.98 miles
Public District Grades 9-12
2
/10
Contreras Learning Center-Los Angeles School of Global St
322 Lucas Ave
Distance between this listing and this school2.98 miles
Public District Grades 9-12
Assigned Schools
5
/10
Harvard Elementary School
330 N Harvard Blvd
Distance between this listing and this school0.39 miles
Public District Grades KG-5
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school2.41 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school20.84 miles
Public Magnet Grades 1-5
Assigned Schools
5
/10
Virgil Middle School
152 N Vermont Ave
Distance between this listing and this school0.97 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school4.11 miles
Public District Grades 6-8
Nearby Schools
4
/10
Joseph Le Conte Middle School
1316 N Bronson Ave
Distance between this listing and this school1.14 miles
Public Magnet Grades 6-8
Assigned Schools
3
/10
Belmont Senior High School
1575 W 2nd St
Distance between this listing and this school2.66 miles
Public District Grades 9-12
3
/10
Contreras Learning Center-Academic Leadership Community
322 Lucas Ave
Distance between this listing and this school2.98 miles
Public District Grades 9-12
2
/10
Contreras Learning Center-Los Angeles School of Global St
322 Lucas Ave
Distance between this listing and this school2.98 miles
The neighbors living near this home have an average income of $40,422. The majority of Los Angeles, CA residents have income between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 634 N Kingsley Dr
What is the listing price of this property?
The listing price of 634 N Kingsley Dr property is $3,395,000.
What type of property is this?
The property 634 N Kingsley Dr is a house located in Los Angeles, California, 90004.
Is this property for sale now?
Active Listing: 634 N Kingsley Dr is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 634 N Kingsley Dr are: Harvard Elementary School: GreatSchools Rating 5/10Melrose Avenue Elementary School: GreatSchools Rating 9/10Academy For Enriched Sciences: GreatSchools Rating 9/10Virgil Middle School: GreatSchools Rating 5/10Studio: GreatSchools Rating 4/10Belmont Senior High School: GreatSchools Rating 3/10Contreras Learning Center-Academic Leadership Community: GreatSchools Rating 3/10Contreras Learning Center-Los Angeles School of Global St: GreatSchools Rating 2/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $33,100 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on February 27, 2015 for $2,400,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 634 N Kingsley Dr has 16 bedrooms and 16 bathrooms.
What is the square footage of this property?
The property 634 N Kingsley Dr is 11,564 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 634 N Kingsley Dr is 1954.
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This home is located at 634 N Kingsley Dr in Los Angeles, CA and zip code 90004 in the Central LA neighborhood. This 11,564 square foot home, which was built in 1954, sits on a 0.29 acre lot. Features: 16 bedrooms, 16 bathrooms. It has been listed on Rocket Homes since September 03, 2024 and is currently priced at $3,395,000.
Over 532 listings were sold over their listed price in September 2024 in Los Angeles, CA. In the same period over 619 listings were sold below the listed price and 180 listings were sold for the listed price. The inventory of homes for sale in Los Angeles, CA between August 2024 and September 2024 increased by 10.6%. Listings spent 36 days on the market in September 2024, and had a median list price of $1,012,476 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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