719 N Kingsley Dr is a nine-unit East Hollywood multifamily investment opportunity offering a strong in-place CAP rate with significant rental upside. Located just north of Melrose Avenue between Normandie and Western, the property is surrounded by a mix of creative studios, independent retail, and essential employers, including Los Angeles City College, Hollywood Presbyterian, and Kaiser Permanente. This central location places the asset at the intersection of convenience and long-term tenant demand.

Built with value-add potential in mind, 719 N Kingsley Dr currently generates over $12,200 in gross monthly income. Based on recent renovations and rental comps in the area, the property presents approximately 58% rental upside, with future income projected at more than $19,200 per month. These numbers translate into a compelling path to increased cash flow and equity growth in a high-demand rental corridor of Los Angeles.

The property features a desirable unit mix and classic mid-century architecture, providing future renovation potential to enhance both appeal and revenue. All soft-story retrofitting work has been completed, reducing exposure to costly capital upgrades and easing the path to long-term ownership. On-site amenities include nine surface parking spaces and a shared laundry facility, both of which support consistent leasing demand and operational ease.

As one of the most connected and evolving submarkets in Central Los Angeles, East Hollywood continues to attract a growing renter base looking for proximity to transit, lifestyle amenities, and major employers. With its walkable setting, untapped income potential, and solid physical condition, 719 N Kingsley Dr stands out as a rare chance to acquire an underperforming asset with a clear repositioning upside.

For investors seeking durable returns and long-term appreciation in a proven submarket, this East Hollywood multifamily opportunity checks every box.