1757 N Kingsley Drive Los Angeles Ca 90027
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1757 N KINGSLEY DRIVE LOS ANGELES CA 90027 BEAUTIFULLY REMODELED 26 UNIT LOS FELIZ INVESTMENT PROPERTY Kenny Stevens BRE# 01090251 OFFERING MEMORANDUM 310.968.7005 cell [email protected] MARKETING PACKAGE 1757 N KINGSLEY DRIVE OVERVIEW LOS ANGELES, CA 90027 LOCATION OVERVIEW PRESENTED BY Market overview The Best Things to do in Los Feliz Kenny Stevens PROPERTY SUMMARY Property Highlights BRE# 01090251 Property Details Property Location 310.968.7005 cell Aerial Photo Parcel Orientation Photography [email protected] FINANCIALS Financial Overview Rent Roll COMPARABLES Active Comps Sales Comps Rent Comps LOCATION 1757 N KINGSLEY DRIVE LOS ANGELES CA 90027 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. LOCATION 1757 N KINGSLEY DRIVE LOCATION OVERVIEW LOS ANGELES, CA 90027 LOS FELIZ, CALIFORNIA 1757 N Kingsley Drive, is located in the modestly elegant neighborhood Los Feliz. Los Feliz is bound by East Hollywood, Atwater Village, Hollywood Hills, and Silver Lake. The neighborhood lies just south of Griffith Park and is a popular destination for tourists and hikers. Further, Los Feliz remains connected to the Greater Los Angeles area by the Vermont/Sunset Station along the Metro’s Red Line. The neighborhood is pleasantly walker and biker friendly with several transit stops catering to local residents. Situated near the hip Silver Lake, Los Feliz is quickly gaining a laidback, hipster vibe reputation of its own. Hillhurst Avenue is lined with cutting-edge restaurants, hidden gem coffee shops and bars, and trendy boutiques. Los Feliz has a number of indie music venues that are epicenters for creative outlets. Shoppers are drawn to the neighborhood for unparalleled boutiques and vintage record and comic book stores. Los Feliz presents several development opportunities for business owners and investors looking to capitalize on Los Feliz’s hip scene for young adults. LOCATION 1757 N KINGSLEY DRIVE TIMEOUT LOS ANGELES- THE BEST THINGS TO DO IN LOS FELIZ LOS ANGELES, CA 90027 Vista Theater - The historic gem, single-screen Vista Theater plays movies on actual film reels (no digital here) and boasts giant Art Deco light fixtures, kitschy Egyptian-themed wall details and a lovely manager, Victor Martinez, who dresses up for every opening (think: Willy Wonka for Charlie and the Chocolate Factory, the Joker for The Dark Knight, etc.). The theater is by no means luxury, but its character, spectacular leg room and $6.50 matinees are clear winners. Barnsdall Art Park - After oil heiress and philanthropist Aline Barnsdall bought this cute little hill after the end of World War I, she enlisted Frank Lloyd Wright to build a group of buildings at its summit. Though the complex was never finished, Barnsdall went on to donate the house, guest house and 11 acres of the Los Feliz-adjacent land to the city on the premise that they be used as a public art park. More than eight decades later, the site still fulfills that role, with exhibitions in the Los Angeles Municipal Art Gallery as well as tours of the stunningly restored Hollyhock House. In the summer, the park hosts al fresco cinema nights, wine tastings and cultural events that bring out a nice mix of singles, couples and young families. Hollyhock House - This 1921, Mayan-inflected Frank Lloyd Wright house is open for tours on weekends ($7, Thu-Sun 11am-4pm). Frequent flooding of the living room in the (short but destructive) rainy season and seismic concerns kept the house's life as a domicile short, but lucky for us, a number of renovations and the preservation of Wright's original furniture have kept this house an architectural gem. Griffith Park - It's easy to forget you're still in Los Angeles as you trek through the mix of native chaparral and landscaped paths that cover Griffith Park. Where else could you encounter canyons, caves and coyotes in the middle of a city? Griffith is a point of pride for Angelenos, a park to rival all others. Its 4,310 rugged acres harbor hikes and trails, museums and picnic areas, and even a bit of haunted history. In addition to the main entrance, you'll find Fern Dell, an oasis of shade and rustic charm, just on the edge of Los Feliz. Griffith Observatory - "If every person could look through that telescope," declared Griffith J. Griffith, "it would revolutionize the world." More than 80 years after this iconic building opened, the world remains unrevolutionized, but the vista is no less stunning, particularly at night when Los Angeles twinkles below. Inside you'll find a bevy of exhibits, including a Foucault pendulum, Tesla coil and planetarium show. Give yourself plenty of time before the 10pm closing to gaze through the 12-inch refracting telescope on the roof, otherwise you can look through the far less crowded modern, reflecting telescope on the front lawn. Greek Theatre - This pleasant, open-air 6,000-seat theater stages big summer shows by acts both national and local. It's a bit like seeing a concert in the woods, and rivals the Hollywood Bowl in terms of LA's most magical outdoor music venue. The only downside: The "stacked" parking means getting out of the parking lot often takes longer than the show, and VIP "Quick Parking" is a pricey $75. Steve Allen Theater - The Tomorrow Show, a bizarre variety performance with music and comedy, runs every Saturday at midnight here, hosted by hotshot Ron Lynch. The program also often includes fantastic, oddball shows by former Kids in the Hall, Emo Phillips and Marc Maron, among others. A true gem. Since 2012, the space has been officially known as the Trepany House at the Steve Allen Theater. Vintage Los Feliz 3 - Los Feliz's other old-school movie theater may not be as beloved as the Vista, but it has its own historic charms. The auditoriums at the three-screen cinema are tiny, in some cases not more than a couple of seats wide, but the starry ceiling, neon sign and Art Deco touches make this a unique place to catch a mix of wide releases and indies. Rockwell Table and Stage - This Los Feliz "table and stage" offers lunch and dinner—grab a table inside the restaurant, bar lounge or alfresco patio—alongside live performances (think: cabaret, live bands and comedy shows). Make sure to hit up the stages "Unauthorized Musical Parody" series for campy musical send-ups of cult classic films, and swing by on Wednesdays for a chance to see a very jazzy Jeff Goldblum play piano. The Dresden - When you walk into this 1950s-era steakhouse, you'll feel transported back in time: giant white oversized leather booths, a "Continental" menu of steaks, seafood and pasta, and resident lounge lizard duo Marty & Elaine (the pair were featured alongside Vince Vaughan in 1996's Swingers, and have been performing regularly at the restaurant since 1982.) Soap Plant Wacko - In the clear light of day, does your apartment look like a shrine to mediocrity? Need a collection of Mao Tse-tung wall art or sparkly unicorn floor mats? Spice it up with the freaky offerings at Wacko Soap Plant, known to locals simply as Wacko’s. A curiosity and book store (with a gallery, La Luz de Jesus, in the back), this sprawling retailer offers an exhaustive collection of everything colorful and cool, like Hindu dashboard deities, Betty Page shower curtains, jalapeno string lights, Tibetan statues, Japanese bobbleheads and Mexican death figurines. It’s worth spending an afternoon just amusing yourself with the extensive book collection on kitschy art. Shakespeare Bridge - his 1926 span bridges a small valley in the Franklin Hills enclave of Los Feliz. Despite its name, it doesn't have a whole lot to do with the famous English playwright. Most people pass along the bridge by car, but you can also venture along its narrow sidewalks and Gothic turrets, or underneath its concrete arches on Monon Street. Ennis House - We should tell you upfront that you can't actually step inside the Ennis House—unless you're a personal guest of billionaire owner Ronald Burkle. Instead, you'll have to admire the Frank Lloyd Wright textile block home from outside its front gate. But admire you will: The Mayan temple-like home is a memorable sight, partially owing to its storied use in films like Blade Runner. LOCATION 1757 N KINGSLEY DRIVE LOCATION OVERVIEW LOS ANGELES, CA 90027 Griffith Park The Greek Theater Griffith Observatory Vermont Ave Skylight Books Palermo Italian Restaurant The Dresden Restaurant Rockwell Table & Stage 1739 Public House Bru Coffeebar Los Feliz Theater Il Capriccio American Film Institute The Magic Castle Hillhurst Ave Cafe Los Feliz Messhall Kitchen 1757 N KINGSLEY DR Lassens Natural Foods Yuca’s TCL Chinese Theatre Alcove Barnsdall Art Park Mustard Seed Café Farfalla Home Hollywood Qwench Juice Bar Pantages Theatre Silver Lake Reservoir Kaiser Permanente Hollywood Forever Los Angeles Medical Center Cemetery Vista Theatre PROPERTY SUMMARY 1757 N KINGSLEY DRIVE LOS ANGELES CA 90027 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. PROPERTY SUMMARY 1757 N KINGSLEY DRIVE PROPERTY HIGHLIGHTS LOS ANGELES, CA 90027 26 UNITS IN LOS FELIZ • Prime Los Feliz Location between Franklin and Hollywood Blvd • Strong unit mix consisting of (1) 2+1, (19) 1+1s, and (6) Studio units • 18 of the 26 units have been fully renovated with modern finishes • 25% upside in rents • Surrounded by development projects along Sunset and Hollywood Blvd • Gate-secured parking; approx.