1757 N Kingsley Drive,  Los Angeles CA, 90027 (Residential Income)

12,959 sqft
Status: Sold
MLS#: 15913427
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Last Updated: 12/2/2016 10:29 PM
Description for 1757 N Kingsley Drive Los Angeles, CA 90027
26 units in Los Feliz! This multifamily property offers an investor approximately 36% upside in rents in an area with strong tenant demographics. The courtyard-style building is subject to rent control and the unit mix includes (1) 2+1 apartment, (19) 1+1 apartments and (6) studios with full kitchens. It is master metered for gas and separately metered for electricity, which allows rent increases of 4% per year.
Price
Sold Price:
$5,000,000
Sold Date:08/31/2015
Los Angeles
12,959 (approx)
15913427
Closed
Description
26 units in Los Feliz! This multifamily property offers an investor approximately 36% upside in rents in an area with strong tenant demographics. The courtyard-style building is subject to rent control and the unit mix includes (1) 2+1 apartment, (19) 1+1 apartments and (6) studios with full kitchens. It is master metered for gas and separately metered for electricity, which allows rent increases of 4% per year.
Listing Information
Property Type: Cluster, Other
0.42 Acres 18,096 sq.ft. 12,959 (approx)
$385.83 1968
26 Total
Neighborhood
Room Information
Exterior / Lot Features
26 Parking Spaces, Uncovered, Covered
LAR3
Driving Directions
Located between Franklin Blvd & Hollywood Blvd just east of Western Ave. The subject property is walking distance to the Hollywood/Western and Sunset/Vermont Metro stations as well as nightlife hotspots in Los Feliz Village.
Financial Considerations
5544010028
,$122,778
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90027 has a population of 3,804,503.

The median household income in Los Angeles, California 90027 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Los Angeles 90027 is 34.1 years.

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Courtesy: Keller Williams-Santa Monica Kenny Stevens
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