229 S Kingsley, Los Angeles, California 90004, Los Angeles, 90004 - 6 bed, 5 bath
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229 S Kingsley
Los Angeles, California 90004
ACTIVE
CONDITION: EXCELLENT
6Beds
5Baths
3,682Sq Ft
7,432Lot Size
Property Price
LIST PRICE$1,999,999
EST. MARKET VALUE
$1,945,065
SUMMARY
This Dual-Income Craftsman Residence represents a High-Potential Investment Opportunity, listed at a List Price of $1,999,999—positioned slightly above the $1,945,066 Fair Market Value. Featuring a fully renovated 5-bedroom main house and a brand-new 2025 detached ADU, the property maintains a Mint Condition Rating with modern systems and preserved historic character. With established rental income and a prime Koreatown location, this asset offers significant long-term stability. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey property with immediate cash-flow potential.
Estimated Market Value
$1,945,065
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 |
|---|---|---|---|---|---|---|
★ 229 S Kingsley Subject 6 bd · 5 ba · 3,682 sqft · $528 | $1,999,999* List Price | 6 | 5 | 3,682 | $528 | - |
A 119 S Hobart Boulevard Sold 5 bd · 4 ba · 2,625 sqft · $610 · 0.2 mi | $1,600,000 | 5 | 4 | 2,625 | $610 | 0.2 mi |
B 163 S Kingsley Drive Active Under Contract 6 bd · 4 ba · 3,389 sqft · $498 · 0.1 mi | $1,689,000 List Price | 6 | 4 | 3,389 | $498 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property underwent a complete stud-down renovation within the last year, featuring brand-new systems (HVAC, electrical, plumbing, roof, and foundation), high-end modern kitchen and bathrooms, and a newly constructed 2025 ADU, meeting all criteria for mint condition.
PROSSTRENGTHS & OPPORTUNITIES
- Extensive Modern Renovation
The property underwent a fully permitted, down-to-the-studs rebuild including a new foundation and all major systems, offering the reliability of new construction within a classic Craftsman shell.
- Dual-Income Potential
With a 5-bedroom main house and a brand-new 2025 detached ADU, this property provides a turnkey investment opportunity with multiple established rental streams in a high-demand rental market.
- Preserved Architectural Character
The renovation thoughtfully preserved the 1910 Craftsman charm, including original real hardwood floors, blending timeless aesthetic appeal with contemporary luxury finishes.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7432, other record lot size in square feet = 7500. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3682, other record living area = 3018. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 5.
- Tenant Occupancy Constraints
Both units are currently tenant-occupied, which may present challenges for owner-occupants seeking immediate possession or investors looking to set new market-rate leases.
- Urban Density Challenges
Located in the vibrant but densely populated Koreatown area, the property may experience typical urban drawbacks such as limited street parking and higher ambient noise levels.
About 229 S Kingsley
Welcome to 229 S. Kingsley Drive, a stunning Craftsman residence that seamlessly blends timeless architectural charm with modern luxury. The main home features 5 bedrooms and 4 bathrooms and has undergone an extensive, fully permitted renovation within the past year. Taken down to the studs and meticulously rebuilt, nearly every aspect of the home has been updated, including a brand-new foundation, plumbing, electrical, HVAC, roof, windows, kitchen, bathrooms, and interior finishes, while thoughtfully preserving its original Craftsman character and beautiful real hardwood floors. No detail was overlooked in transforming this classic residence into a beautifully designed, modern living space. It features 2 primary bedrooms, one on the first floor and another on the second. Complementing the main home is 231 S. Kingsley Drive, a brand-new, detached Craftsman-style ADU built in 2025, offering 1 bedroom, 1 bathroom, a thoughtfully designed floor plan, and beautiful contemporary finishes. Together, both residences offer a combined 6 bedrooms and 5 bathrooms, presenting an exceptional investment opportunity with two separate rental units and multiple income streams. With both residences currently tenant-occupied, the property offers an established rental arrangement and the potential for long-term income generation. Situated in Koreatown, with convenient access to shopping, dining, and entertainment, this remarkable property combines classic Craftsman architecture, extensive modern upgrades, and outstanding investment appeal in one of Los Angeles' most vibrant neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1910
- Lot Size
- 7,432 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 3,682 | 1,670.836 |
| Lot Size | 7,432 | 6,152.156 |
| Price | $2.00M | $1.34M |
| Price per sq ft | $543 | $807 |
| Built year | 1910 | 1941 |
| HOA | $0 | $238 |
| Days on market | 3 | 56 |
Pricing History
Listed for Sale
Nov 6, 2026
$1,999,999
Initial Listing
Sold
May 3, 2024
$1,300,000
Public Record
Sold
Aug 16, 2012
$525,000
Public Record