Property profile

1229 Kingsley Dr Los Angeles, CA 90006

OFF-MARKET
Apartment buildings
Property ID
US09-7856392
5,344 SF 0.14 ac lot Built 2020
Individually Owned 1-yr Hold Absentee Owner
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Property summary

AI-generated overview

This exceptional 3-story apartment building, constructed in 2020, presents a compelling investment opportunity in the heart of Los Angeles. Boasting a total of 5,344 square feet on a 5,897 square foot lot (APN 5080-027-007), the property features six units with 100% occupancy, generating a strong net operating income (NOI) of $141,960. The unit mix includes four spacious 2-bedroom, 2-bathroom units and two 1-bedroom, 1-bathroom units, catering to a diverse tenant base. Each unit is designed with modern kitchens featuring top-tier appliances, high ceilings, and abundant natural light. The beautifully landscaped grounds offer a tranquil setting for residents. Located in a high-demand area of Los Angeles (90006), this R3-1 zoned property benefits from its proximity to major highways, shopping, dining, and entertainment. The strong rental income and prime location make this a highly desirable investment with significant potential for appreciation. This is a turnkey operation with exceptional returns. The property's location offers unparalleled convenience and access to the best that Los Angeles has to offer.

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 2020
Construction WOOD
Total area 5,344 SF
Lot 0.14 ac (5,897 SF)
Zoning code LAR3
APN 5080-027-007
UPID US09-7856392

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1229 Kingsley Dr Los Angeles, CA 90006-1019
Los Angeles metro Census 213202 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.69M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.63M
Blend (final) Blend
$2.62M

Owner & transaction history

since 2025
Last sale
$2.5M
7 recorded transactions
2025
$2.5M
2024
Price N/A
2023
Price N/A
2022
Price N/A
2022
Price N/A
2021
Price N/A
2021
Price N/A

Zoning & alternative use

LAR3 · Los Angeles, CA
Top alternative use upside
Auto repair, garage $2.9M +141.4%
Office building $2.7M +122.9%
Medical building $2.4M +102.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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