
Closed Listing
(8) 2-Bdrm. Units with 52% Rental Upside
1758 n kingsley dr
sold in
East Hollywood
Sold At
$
4,000,000
8
Number of Units
1987
Year Built
8,466
SF
Square Footage
10,840 SF
SF
Lot Size
LAR3
Zoning
1758 N Kingsley Dr, Los Angeles, CA 90027
About the Property
1758 N Kingsley Dr, a significant value-add opportunity featuring a front duplex and a back structure comprised of 6 UNITS SUBJECT ONLY TO AB1482 (built in 1987). Located 1/2 block South of Franklin Ave, the property is minutes from several neighborhood hubs. The property features (8) 2-Bdrm. and 2-Bath units spread across a front duplex and back three-story structure. The back structure, featuring 6 units, was built in 1987 and are SUBJECT ONLY TO AB1482. Current rents are approx. 52% below market rates compared to renovated units in the area. Please note, there is 1 VACANT unit which has been upgraded with fresh paint, wood flooring, custom cabinets and quartz countertops. Property amenities include secured and gated entry, covered parking and a community laundry room.
8
Number of Units
1987
Year Built
8,466
SF
Square Footage
10,840 SF
SF
Lot Size
LAR3
Zoning
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$500,000
Price p/ Sq. ft.
$449
Proforma Cap Rate
5.48




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