1167 N Kingsley Dr
6 Unit Block of Flats £1,194,759 (£199,127/Unit) 5.25% Net Initial Yield Los Angeles, CA 90029
INVESTMENT HIGHLIGHTS
- 6 units built in 1938
- 27% Upside In Rents
- Large Unit Floorplans
- (3) 1+1, (2) 2+1, (1) 3+1
- Solid East Hollywood Location
EXECUTIVE SUMMARY
1167 N Kingsley Dr is a 6-unit apartment building located in the dynamic Little Armenia Neighborhood of East Hollywood. This is a charming property that has been extremely well maintained by the current ownership. The property features an attractive unit mix of three one bedroom, one-bathroom units, two two-bedroom, one-bathroom units and one three-bedroom, one-bathroom unit. Property features large spacious units averaging over 1,000 square feet and feature washer dryer hookups. With 27% upside, this is an enticing value-add project for a clever investor.
PROPERTY FACTS
| Price | £1,194,759 |
| Price Per Unit | £199,127 |
| Sale Type | Investment |
| Net Initial Yield | 5.25% |
| Gross Rent Multiplier | 11.97 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 6,176 SF |
| Average Occupancy | 97% |
| Number of Floors | 2 |
| Year Built | 1938 |
| Parking Ratio | 0.81/1,000 SF |
| Opportunity Zone |
Yes |
UNIT AMENITIES
- Disposal
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 2 | - | - |
| 3+1 | 1 | - | - |
1 of 1
Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 5537-010-004 | Improvements Assessment | £281,462 |
| Land Assessment | £433,023 | Total Assessment | £714,485 |
ZONING
| Zoning Code | RD1.5, Los Angeles |
