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959 South Kingsley Drive

959 South Kingsley Drive, Los Angeles, CA 90006
Sold Jul 12, 2016
$1,030,000
$25,000 by Malaga Bank Fsb
Mortgage
Sold May 07, 2015
$830,000
$415,000 by Pacific City Bank
Mortgage
959 South Kingsley Drive in Los Angeles, CA was first built in 1922 and is 102 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 5 full bathrooms. There are 5 partial bathrooms. 959 South Kingsley Drive has 3,478 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 5,905 square feet.

Learn more about the property and building on this page. The home has a flat style roof made of roll composition. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as fair. The exterior walls of the home are made of stucco. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing floor/wall heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 959 South Kingsley Drive sold most recently in Jun 24, 2016 for a total of $1,030,000. If you work out the math, that's approximately a cost of $296.15 per sqft. Before that, the property was also sold for $830,000 in Apr 28, 2015. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $14,061 in taxes each year. 959 South Kingsley Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,148,981. If we break it down further, the land itself was valued at $814,327. Improvements to the property, however, were assessed at a total of $334,654. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1922
  • Building Count: 2
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Condition: Fair
  • Building Quality: C
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Flat
  • Roof Cover Type: Roll composition
  • Floor Count: 2
  • Living Units: 5
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,905
  • Total Building Area: 3,478
  • Building Area: 3,478
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Floor/wall
  • Heated Square Feet: 3,478
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ELECTRIC RAILWAY HOMESTEAD ASSOCIATION
  • Land Acres: 0.136
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: ELECTRIC RAILWAY HOMESTEAD ASSN LOT/SEC 5 BLK/DIV/TWN 12

Ownership

  • Current Owner : LJ MANAGEMENT LLC
  • Previous Owner : LEE YOONG SOO
  • Previous Owner 2: SHIN MI BOOK
  • Owner Before Previous Owner: YOO PAUL
  • Owner Before Previous Owner 2: YOO ELIZABETH
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 213201

Zoning

  • Zoning: LAR4

Geography

  • Assessors Map Reference: 43-E3
  • Parcel: 5080-024-006
  • Block: 12
  • Lot: 5
  • Municipality: WEST /KOREA TOWN
  • Latitude: 34.0538
  • Longitude: -118.303

    Address

  • Full Address: 959 S Kingsley Dr
  • Address - House Number: 959
  • Street Direction: S
  • Address - Street Name: Kingsley
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C034
  • 4-Digit Zip Code: 1215
  • Zip Code: 90006

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $14,061
  • Tax Rate Code Area: 06-657

    Appraisal Valuation

  • Standard Deviation: 0.221
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 55
  • Final Value: 1,132,649
  • High Value: 1,383,013
  • Low Value: 882,284

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $25,000
  • First Open Lien Mortgage Lender: MALAGA BANK FSB
  • First Open Lien Mortgage Recording Date: Jan 04, 2022
  • First Open Lien Mortgage Loan Amount: $25,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,148,981
  • Assessed Land Value: $814,327
  • Assessed Improvements Value: $334,654

    Sales

  • Current Sale Contract Date: Jun 24, 2016
  • Current Sale Recording Date: Jul 12, 2016
  • Current Sale Transaction ID: 1638544195
  • Current Sale Price: $1,030,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 16-0808998
  • Previous Sale Recording Date: May 07, 2015
  • Previous Sale Contract Date: Apr 28, 2015
  • Previous Sale Amount: $830,000
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: PACIFIC CITY BANK
  • Previous Mortgage Transaction Date: May 07, 2015
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $415,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 959 South Kingsley Drive located in?
The 959 South Kingsley Drive is a located in the neighborhood of Wilshire Center - Koreatown in Central LA, Los Angeles.
What is the average sales price for listings in 959 South Kingsley Drive?
The average sales price for units in 959 South Kingsley Drive is $0 currently.

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