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Property summary
This 6-unit apartment building in East Hollywood presents a compelling value-add opportunity. Priced at $1,299,999, this property offers significant upside potential. The 3,199 square foot building, constructed in 1928, sits on a spacious 7,895 square foot lot and is zoned LARD1.5. Four of the six units are vacant, allowing for immediate renovation and repositioning. The existing structure comprises two buildings: a five-unit front building and a single-unit rear building. All units are in… need of significant repair. The property also includes four detached garages in the rear, which could be converted into additional dwelling units (ADUs). The large lot size further enhances the potential for ADU development. After renovation, the property is projected to generate at least $175,200 in annual rental income. Located in an Opportunity Zone, this investment offers potential tax advantages. The central location in East Hollywood, near Virgil Village and Melrose Hill, ensures strong rental demand. This property's combination of vacant units, ADU potential, and prime location makes it an exceptional value-add investment. The price per unit is $216,666.50, and the price per square foot is $406.38. The property's address is 1150 N Kingsley Drive, Los Angeles, CA 90029. The APN is 5537015008.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Sep 2026Realmo valuation models over county records and 11 qualifying comparable sales.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 3,199 SF
- Lot area
- 0.18 ac
- APN
- 5537-015-008
- Zoning
- LARD1.5
- Assessed value · 2024
- $299,909
- Annual tax · 2024
- $4,478
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2024
- $4,478
- Selected cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
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