$2,300,000

719 N Kingsley Drive, Los Angeles, CA 90029

8,774

Lot Size

9

# Of Units

We are pleased to present the opportunity to acquire 719 N. Kingsley Drive, a 9-unit multifamily investment property located in Hollywood, a prime rental market in Los Angeles. Built in 1956, the property offers nearly 7,356 square feet of living space across a renter-friendly unit mix featuring six (6) one-bedroom, one-bath units, two (2) two-bedroom, one-bath units, and one (1) three-bedroom, one-and-a-half-bath unit. The property sits on a 8,773 square foot lot and consists of one two-story structure. The property features on-site parking and an on-site laundry room that is paired with exceptional curb appeal making it an ideal living space for urban tenants. The subject property is ideally suited to a value-add upgrade program. Investors will have the opportunity to implement a systematic renovation program focused on revenue generating improvements, reposition the property among market leaders, and increase rental income by approximately 30 percent. Current ownership has completed all required seismic retrofit repairs (Buyer to Verify). 719 N. Kingsley is located North of Melrose Avenue and East of Western Avenue, providing easy access to the 101 Freeway and surrounding retailers and restaurants. The offering is adjacent to some of Los Angeles's most exciting submarkets and provides investors the rare opportunity to own a well-maintained asset with substantial rental upside.

Facts & Features

MLS® # 21791652
Price $2,300,000
Bathrooms 0.00
Lot Size 8,774
Year Built 1956
Type Residential Income
Status Active
# Of Units 9

Community Information

Address 719 N Kingsley Drive
Area C20 - Hollywood
City Los Angeles
County Los Angeles
State CA
Zip Code 90029

Amenities

Parking Assigned
Garages Assigned
Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No
# of Stories 2

Additional Information

Date Listed October 3rd, 2021
Days on Market 20
Zoning LARD1.5
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentOscar Diaz
OfficeMarcus & Millichap

Listing Map

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