1811 N Kingsley DR new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90027
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,532 sqft
Price per Sqft $320
MLS Listing ID 25539067
Bedrooms 8
Year Built 1924
Lot Size 0.267 Acres
Property Description
Incredible opportunity in a prime Los Feliz adjacent location. Large property of close to 12,000 SF of land, offers many opportunities. There are currently 8 units spread over 3 bungalow style structures with 8 on site parking spaces. With a current cap rate of 5.89% and approximately 42% upside in existing rents, offering a cap rate of 9.4% at market rents. The large lot has potential for up to 6 ADUs or more, which would raise the cap rate to above 10%! Tenants pay their own trash, keeping expenses low. The large lot, zoned LAR3 also offers potential for ground up development.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR3-1
Interior
Cooling None
Exterior
Parking Features Driveway
View Y/N Yes
View City Lights,Mountain(s)
Building
Story 1
New Construction No
Others
Special Listing Condition Standard