1045 N Kings Rd | Kings Manor

Kings Manor
1045 N Kings Rd
West Hollywood CA 90069

Kings Manor is a 30-unit midrise condo building centrally located in West Hollywood. Built in 1968, it was condo converted in 1979. The HOA spent $100,000 in 2016 to revamp the hallways and lobby- replacing the carpets, painting the walls, smoothing the ceilings, purchasing furniture and artwork, and replacing the door numbers. This is giving a newer feel to a building that needs updating. The next project I expect to see is an exterior paint.

LOCATION

Kings Manor has a central walking location being nearly on top of Santa Monica Blvd. Across the street from Kings Manor is West Hollywood’s Gelsons Market, if you are the type that likes to go grocery shopping every day. There a bunch of great restaurants that you can walk to- Basix Café,  La Boheme,  Joeys Restaurant, Hugo’s– they have a lot of vegetarian options and excellent tea!,  and Hamburger Mary’s which is famous for it’s bingo night and outrageous drag shows. In the strip mall across the street from 1045 Kings is Holloway Dry Cleaners, which has been there forever. They have an ultra white shirt treatment that is amazing! In addition there is a pocket park that is quite popular with young families- King’s Road Park at 1000 N Kings Rd.

REAL ESTATE

Record Sale? $767,500 3/1/2017

Turnover Ratio? 6%-7% about 2 condos a year

Appreciation? 5%-6%

 

All the floor plans are single story. There are 10 condos on 3 floors. Units are a mix of 1 bedrooms and 2 bedrooms that range from 900 sqft to 1,250 sqft. There are (8) 1 bedroom condos – stacks #3,#4  and (22) 2 Bedroom Condos -stacks #1,#2,#5,#6,#7,#8,#9,#10. Only the condos facing the street and rear have balconies- condos #1,#2, and #10 are street facing Kings. 

You are allowed to have hard surface floors in the condos, some owners have installed wood flooring while others have exposed concrete floors. Condos have Central HVAC but no in-unit laundry. Laundry is community. 

Pricing

1 Bedrooms
900 sqft
$500,000 – $550,000

2 Bedrooms
1,100 sqft -1,250 sqft
$650,000 – $700,000

Amenities

Indoor Pool

Rec Room

Roof Deck

Parking & Laundry

The majority of the condos have 1 parking space, regardless if they are 1 bedroom or two bedrooms. All parking spaces are side by side. A few 2 bedroom condos have 2 spaces. There is no guest parking

The building has a Community Laundry Room. Can Laundry be installed in unit?

Home Owners Association

HOA dues Monthly Cost? $550-$600/mo.

HOA dues cover? Water & Trash, Buiding Insurance, Common Area Maintance, Reserves. Earthquake Insurance

Owner Pas? Electricity (all electric building so no gas), Internet, Cable, Condo Insurance

Any special assessments? No

Pet Policy? 2 small dogs with weight no more than 20 lbs each.

Rental Policy?

EQ Insurance? Yes

Building Reserves? 128K

Special move in instructions?

Can you have BBQ on the balcony?

Management Company? 

 

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