1042 S Kingsley Drive Ph4, Los Angeles, California 90006, Los Angeles, 90006 - 2 bed, 2 bath
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1042 S Kingsley Drive Ph4
Los Angeles, California 90006
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,310Sq Ft
10,275Lot Size
Property Price
LIST PRICE$699,000
EST. MARKET VALUE
$667,281
4% AboveMARKET VALUE
SUMMARY
This Mediterranean-style penthouse is a Strong Value Opportunity, listed at $699,000—positioned well below the $667,282 Fair Market Value by -4%. Featuring a Good Condition Rating, this unit offers a versatile second-story loft, bamboo flooring, and a modern granite kitchen. Its split-bedroom floor plan and private patios provide a comfortable urban lifestyle in the heart of Koreatown. While school ratings are modest, the property’s walkability and flexible layout make it an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready home.
Estimated Market Value
$667,281
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1042 S Kingsley Drive Ph4 Subject | $699,000* List Price | 2 | 2 | 1,310 | $509 | - |
A 991 Arapahoe Street 308a Sold | $620,000 | 2 | 2 | 1,260 | $492 | 1.0 mi |
B 1036 S Serrano 105 Sold | $615,000 | 2 | 2 | 1,160 | $530 | 0.2 mi |
C 1037 Fedora Street 204 Sold | $535,000 | 2 | 2 | 970 | $552 | 0.3 mi |
D 1043 S Kenmore Avenue 201 Sold | $635,000 | 2 | 2 | 1,210 | $525 | 0.3 mi |
E 991 Arapahoe Street 508a Sold | $630,000 | 2 | 2 | 1,260 | $500 | 1.0 mi |
F 980 S Oxford 304 Sold | $663,000 | 3 | 2 | 1,260 | $526 | 0.3 mi |
G 1036 S Serrano Avenue 401 Sold | $879,000 | 3 | 2 | 1,680 | $523 | 0.2 mi |
H 3061 W 12th Place 203 Sold | $550,000 | 2 | 2 | 950 | $579 | 0.4 mi |
I 1026 S Oxford Avenue 204 Active | $695,000 List Price | 2 | 2 | 1,180 | $589 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2007, this 19-year-old property falls within the 10-20 year range for 'Good' condition. The unit is well-maintained and move-in ready, featuring a functional kitchen with granite countertops and stainless steel appliances, bamboo flooring throughout, and updated recessed lighting.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Loft Space
The inclusion of a second-story loft provides exceptional flexibility, allowing the unit to function as a three-bedroom home, a dedicated office, or a den to suit various lifestyle needs.
- Prime Koreatown Location
Situated in the heart of Koreatown near Olympic Blvd, the property offers high walkability to trendy restaurants, shopping, and significant new local developments, ensuring strong long-term value.
- Privacy-Centric Floor Plan
The thoughtful split-bedroom layout separates the two main bedrooms with the living area, providing maximum privacy for roommates or guests, complemented by private patios for both the living room and primary suite.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1310, other record living area = 1130.
- Tandem Parking
The assigned two-car parking is in a tandem configuration, which can be a daily inconvenience for multi-driver households compared to side-by-side spots.
- Modest School Ratings
The local public schools assigned to this address currently hold lower performance ratings, which may be a drawback for families prioritizing top-tier educational facilities.
About 1042 S Kingsley Drive Ph4
Beautifully updated Mediterranean-style penthouse condo built in 2007, ideally located in the heart of Koreatown near shops, restaurants, and exciting new developments along Olympic Blvd. This spacious 2BR + 2BA + loft unit features a second-story loft that can be used as a 3rd bedroom, home office, or den. The two bedrooms are thoughtfully separated by the living room, offering privacy and a comfortable floor plan. Features include bamboo flooring throughout, recessed lighting, a living room with fireplace and private patio, and a modern kitchen with granite countertops, pantry, and stainless steel appliances. The primary suite offers a walk-in closet and its own private patio. Gated community with elevator access, Assigned tandem 2-car parking, and 5 guest parking. All appliances are included. A wonderful opportunity in a prime Koreatown location!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2007
- Lot Size
- 10,275 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $550.0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Hobart Boulevard Elementary School
Grades K-5 • 0.2 mi
3/10
Los Angeles Elementary School
Grades K-5 • 0.2 mi
3/10
Mariposa-Nabi Primary Center
Grades K-2 • 0.2 mi
0/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,310 | 1,219.385 |
| Lot Size | 10,275 | 27,236.074 |
| Price | $699.0K | $800.2K |
| Price per sq ft | $534 | $650 |
| Built year | 2007 | 1979 |
| HOA | $550.0 | $685 |
| Days on market | 22 | 72 |
Pricing History
Listed for Sale
Aug 18, 2026
$699,000
Initial Listing
Sold
Feb 28, 2023
$590,000
Public Record
Sold
Jun 4, 2010
$300,000
Public Record