Los Angeles, CA 90027,1811 N Kingsley Dr
Los Angeles, CA 90027,1811 N Kingsley Dr
2
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$1,775,000
Est. payment /mo
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8 Beds
8 Baths
5,532 SqFt
New

1811 N Kingsley Dr Los Angeles, CA 90027

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Key Details

Property Type Multi-Family

Sub 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

Acres 0.2667

Property Sub-Type Multi-Family

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 Hollywood

Zoning LAR3-1

Rooms

Other Rooms None

Interior

Heating Wall Gas

Cooling None

Equipment Garbage Disposal

Exterior

Parking Features Driveway

Garage Spaces 8.0

View Y/N Yes

View Mountains, City

Building

Story 1

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.

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agent

Valerie O'Donnell

Real Estate Professional | RE.S.60078.LLC

+1(702) 858-6162

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1811 N Kingsley Dr