203 N Kingsley, Los Angeles, California 90004, Los Angeles, 90004 - 4 bed, 3 bath

203 N Kingsley, Los Angeles, California 90004 home-pic-0
ACTIVE$1,550,000
203 N Kingsley, Los Angeles, California 90004
4Beds
3Baths
2,639Sqft
11,700Lot
Year Built
1914
Close
-
List price
$1.55M
Original List price
$1.57M
Price/Sqft
$587
HOA
-
Days on market
-
Sold On
-
MLS number
PW25221054
Home ConditionPoor
Features
ViewNeighborhood

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,5 Pros. Rank: price - $1.55M(31th), sqft - 2639(63th), beds - 4(56th), baths - 3(50th).

This spacious 6-bedroom, 3-bath Spanish-style residence sits on a corner lot in the heart of Los Angeles, offering a rare combination of size, versatility, and investment potential. With a generous lot, the property provides room for extra parking, storage, or possible future expansion. Currently leased, this property is being sold as an investment, making it an excellent opportunity for buyers seeking immediate rental income. Whether you are looking for a long-term hold or a property with the option to reimagine, this home delivers on both fronts. The existing layout is ideal for multiple occupants, yet the home can be easily converted back into a traditional single-family residence, offering significant upside for an owner-user or developer. With its Spanish architectural charm, large footprint, and prime location, this property presents a canvas for a variety of uses. Located near Koreatown, Hollywood, and Downtown LA, residents and tenants enjoy easy access to shopping, dining, entertainment, and major transit routes. The property’s central location and lot size make it a standout in today’s market. This is a rare opportunity to own a versatile property in a highly desirable Los Angeles neighborhood — whether as an income-generating investment or a future single-family home.

Price History

Date
Event
Price
09/26/25
Price Change
$1,550,000
09/25/25
Listing
$1,575,000
06/29/20
Sold
$581,500
07/29/15
Sold
$900,000
11/01/99
Sold
$242,000
Condition Rating
Poor

The property was built in 1914, making it over 100 years old. The MLS description refers to it as a 'canvas for a variety of uses' and suggests it can be 'reimagined,' which strongly implies that significant renovations and updates are required. Crucially, there are no interior images provided, particularly of the kitchen and bathrooms. This absence is a strong indicator that these key areas are likely in very outdated condition, requiring substantial repairs, rehabilitation, and modernization to meet current standards. Without evidence of recent major renovations, a home of this age would typically have outdated electrical, plumbing, and HVAC systems, as well as finishes that are well past their expected lifespan.
Pros & Cons

Pros

Strong Investment Opportunity: Currently leased, this property offers immediate rental income, making it an attractive option for investors seeking a long-term hold or a property with future development potential.
Exceptional Versatility: The existing 6-bedroom layout is ideal for multiple occupants, yet can be easily converted back into a traditional single-family residence, providing significant upside for various buyer profiles including owner-users or developers.
Prime Central Location: Situated on a corner lot in a highly desirable Los Angeles neighborhood, it offers excellent access to Koreatown, Hollywood, Downtown LA, and major transit routes, enhancing its appeal to tenants and future residents.
Generous Size and Lot: A spacious 2,639 sqft residence with a large footprint and a generous 11,700 sqft corner lot provides ample room for extra parking, storage, or possible future expansion.
Architectural Character: The property boasts charming Spanish-style architecture, offering unique aesthetic appeal and the potential for restoration to enhance its historical value and curb appeal.

Cons

Age of Property: Built in 1914, the property is over a century old, which likely means it requires significant updates to plumbing, electrical, HVAC, and other systems to meet modern standards and comfort.
Tenant Occupancy/Lease: Being currently leased, it may present challenges for an owner-user seeking immediate occupancy or a developer planning immediate renovations, potentially requiring lease termination negotiations or delaying project timelines.
Potential for Significant Renovation Costs: The description suggests the need to 'reimagine' or 'convert back,' indicating that substantial renovation and capital investment may be required to modernize the property or adapt it to a specific buyer's vision.

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