Los Angeles, CA 90004,634 N Kingsley Drive
Los Angeles, CA 90004,634 N Kingsley Drive
Los Angeles, CA 90004,634 N Kingsley Drive
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$3,295,000
Est. payment /mo
11,564 SqFt
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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 11,564 sqft

Price per Sqft $284

MLS Listing ID CL25513042

HOA Y/N No

Year Built 1954

Lot Size 0.293 Acres

Acres 0.29

Property Sub-Type Other

Property Description

Presenting an exceptional investment opportunity at 634 North Kingsley Drive, a well-managed 16-unit multifamily property located in the heart of Mid-Wilshire. Built in 1954, this asset comprises 16 one-bedroom/one-bathroom units, with upgraded units featuring laminate flooring, granite countertops, wall-mounted HVAC systems, and modern kitchen appliances. The property offers significant value-add potential, with current rents approximately 29% below market rates. One renovated vacant unit provides an immediate opportunity for income maximization. Recent lease agreements for units 3, 15 and 17 affirm the market rent for the area. Key property features include parking for 13 vehicles, an on-site laundry facility, and individually metered gas and electric utilities for each unit. Notably, the property requires no soft story retrofit, minimizing potential capital expenditures. The property boasts a Walk Score of 90, with close proximity to shops, restaurants, and retail along Melrose Avenue and Beverly Boulevard. It is also conveniently situated within a short drive of Hollywood, Downtown Los Angeles, West Hollywood, and Beverly Hills, and is within walking distance of the Metro B Line (Red) at Vermont/Beverly Station.

Location

State CA

County Los Angeles

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Building

New Construction No

Others

Tax ID 5521007022


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Bridge MLS
Listed by Trevor Bergher • Westside Estate Agency Inc.

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634 N Kingsley Drive