Property Details

Price $1,335,000

Year Built 1955

# of Units 5

Price P/ Unit $267,000

Sq. ft. 3,230 SF

Price p/ Sq. ft. $413

Current Cap Rate 4.70%

Proforma Cap Rate 6.06%

Lot Size 8,478 SF

Zoning LAR3

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1315 N. Kingsley Drive
Los Angeles, CA 90027

About the Property

Kenny Stevens Team is pleased to present 1315 N. Kingsley Drive, a 5-unit owner/user investment opportunity located just north of Fountain Avenue. Sitting on a 8,478 SF lot zoned LAR3, the property features (1) three-bedroom and two bath single-family residence and (4) studio units spread across two structures. Please note, the three-bedroom front house and (1) studio unit will be delivered VACANT upon COE. Property amenities include a large shared driveway, community yard and (2) one-car garages that have the opportunity to be converted to ADUs. 1315 Kingsley presents a value-add opportunity to investors, as current rents are approx. 20% below market value for nicely remodeled units in the area.

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