CA > Los Angeles
Los Angeles, CA 90027,1811 N Kingsley DR
Los Angeles, CA 90027,1811 N Kingsley DR
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,775,000
Est. payment /mo
8 Beds
8 Baths
5,532 SqFt
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UPDATED:

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

Read Less Info
California Regional MLS (CRMLS)
Listed by Shaya Lowenstein • Keller Williams Larchmont

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