About 1811 N Kingsley Drive
Incredible opportunity in a prime Los Feliz adjacent location. Large property of close to 12,000 SF of land, offers many opportunities. There are currently 8 units spread over 3 bungalow style structures with 8 on site parking spaces. With a current cap rate of 5.89% and approximately 42% upside in existing rents, offering a cap rate of 9.4% at market rents. The large lot has potential for up to 6 ADUs or more, which would raise the cap rate to above 10%! Tenants pay their own trash, keeping expenses low. The large lot, zoned LAR3 also offers potential for ground up development.
Features of 1811 N Kingsley Drive
| MLS® # | 25539067 |
|---|---|
| Price | $1,695,000 |
| Bedrooms | 8 |
| Bathrooms | 8.00 |
| Square Footage | 5,532 |
| Lot Size | 11,616 |
| Year Built | 1924 |
| Type | Residential Income |
| Status | Active |
| # Of Units | 8 |
Community Information
| Address | 1811 N Kingsley Drive |
|---|---|
| Area | C20 - Hollywood |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90027 |
Amenities
| Parking Spaces | 8 |
|---|---|
| Parking | Driveway |
| Garages | Driveway |
| View | City Lights, Mountain(s) |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Disposal |
|---|---|
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 1 |
| Stories | Two |
Additional Information
| Date Listed | May 15th, 2025 |
|---|---|
| Days on Market | 182 |
| Zoning | LAR3-1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Shaya Lowenstein |
|---|---|
| Office | Lyon Stahl Investment Real Estate, Inc. |