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634 N Kingsley Dr
Los Angeles, CA 90004
Residential Multi Family (Other)
0.29 Acres
11564 Sqft Living Area
16 Bedrooms
0 Bathrooms (0 Full, 0 Half)
Year Built: 1954
$3,395,000
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Property Description
Introducing the opportunity to purchase 634 North Kingsley Drive, a value-add and professionally managed 16- unit multifamily asset located in the heart of Mid-Wilshire. Built in 1954, the property consists of 16 one-bedroom/one-bathroom units that contain features such as laminate flooring, granite counters, window/wall-mounted HVAC and kitchen appliances. Current rents are approximately 42% under market with 1 vacant unit providing a new investor the opportunity to renovate units in order to maximize rental income. The property features parking for 13 vehicles and includes an on-site laundry facility. Units are individually metered for both gas and electric with water heaters in each unit. No soft story retrofit needed. The building boasts a "Walk Score" of 90 as it is located near many shops, restaurants and retail along both Melrose Ave and Beverly Blvd. The property is conveniently located and only a short drive away from neighborhoods such as Hollywood, Downtown, West Hollywood and Beverly Hills. It is also located close to the Metro B Line (Red) at Vermont/Beverly Station stop.
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Contact Details
Name: Trevor Bergher
Email: trevorb@weahomes.com
MLS Listing Id: 24-401255
Agent Phone: (310) 247-7770
List Agent License:
Office Name: Westside Estate Agency Inc.
Office Phone: (310) 247-7770
Office MLS Id: X71845
Listing Status: Active
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2024 OpenHous, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.