CA > Los Angeles
Los Angeles, CA 90027,1811 N Kingsley DR
Los Angeles, CA 90027,1811 N Kingsley DR
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Thomas Ryan

Thomas Ryan

+1(909) 334-2049
$ 1,775,000
Est. payment | /mo

8 Beds

8 Baths

5,532 SqFt

Save
$ 1,775,000
Est. payment | /mo
Save

8 Beds

8 Baths

5,532 SqFt

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

HOA Y/N No

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

Fireplace No

Appliance Disposal

Exterior

Parking Features Driveway

View Y/N Yes

View City Lights, Mountain(s)

Total Parking Spaces 8

Building

Faces East

Story 1

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5544010011

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Shaya Lowenstein • Keller Williams Larchmont
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(909) 334-2049

thomas@thomasryan.realestate

4016 Grand Ave Suite A # 1082, Chino, CA, 91710, United States

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1811 N Kingsley DR