Located just half a block south of Franklin Avenue, 1758 N Kingsley Dr presents a compelling East Hollywood multifamily investment with substantial upside potential. This Los Angeles multifamily asset features eight 2-bedroom, 2-bath units spread across two structures: a front duplex and a three-story building in the rear. The back building, constructed in 1987, is not subject to LA City rent control and instead falls under California’s statewide rent control (AB 1482), allowing for more flexible rent increases.

Current rents are approximately 52% below market, offering significant value-add potential for investors looking to renovate and reposition. One of the units is currently vacant and has already undergone improvements, including wood flooring, custom cabinetry, quartz countertops, and fresh paint—providing a ready-to-show model unit and a clear path to upside. All units feature a spacious 2-bedroom, 2-bath layout that remains highly desirable among East Hollywood renters.

Additional amenities at 1758 N Kingsley Dr include gated entry, covered on-site parking, and a community laundry room. The property’s strategic East Hollywood location places it near major employers and neighborhood hubs, including Hollywood Presbyterian Medical Center, Kaiser Permanente, Los Feliz Village, Griffith Park, and public transportation options along Hollywood Blvd. Its proximity to Franklin Ave and Sunset Blvd makes it easily accessible for commuters and tenants alike.

With over 50% rental upside and six of the eight units exempt from LA RSO, 1758 N Kingsley Dr is an ideal East Hollywood multifamily opportunity for investors seeking long-term growth in one of Los Angeles’ most dynamic rental markets.