724 Kingsley Dr, Los Angeles, CA 90029
6 Unit Apartment Building | $4,195,000 ($699,167/Unit) | 6.07% Cap Rate | Los Angeles, CA 90029
For Sale
Active
Asking Price $4,195,000
- Property Type
-
Multifamily
- Square Feet
- 9,249 SF
Listing Contacts
Lauren Cearley
Property Overview
The 2-4 Unit Specialists are pleased to present 724 N Kingsley Dr, a massive new construction 6-unit (5 + large ADU) with the most impressive unit mix you’ll find! With two 5 bedroom units and four 4 bedroom units, this gorgeous 2024 construction is predicted to bring in an annual rent of $339,600, making for a pro forma cap rate of 6.07%. TOTAL CASH COW! Don’t keep your money in the bank- invest in stable Los Angeles real estate with high cash flow.
724 N Kingsley is located in trendy Melrose Hill, minutes from the heart of Hollywood, Los Feliz, Larchmont Village and Silver Lake! Walk down the street to countless neighborhood destinations on both Melrose and Santa Monica Blvd.
You will find noteworthy features including, but not limited to: bedrooms with en-suite bathrooms, high ceilings, open floor plan living room/kitchen areas, huge walk in closets, balconies, large windows allowing for maximum light, built in storage throughout, designer tiles, modern cabinets, natural wood water proof vinyl, and more.
In addition to the unbeatable return and massive units, buyers will enjoy other notable perks including: a 1-year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come.
724 N Kingsley is located in trendy Melrose Hill, minutes from the heart of Hollywood, Los Feliz, Larchmont Village and Silver Lake! Walk down the street to countless neighborhood destinations on both Melrose and Santa Monica Blvd.
You will find noteworthy features including, but not limited to: bedrooms with en-suite bathrooms, high ceilings, open floor plan living room/kitchen areas, huge walk in closets, balconies, large windows allowing for maximum light, built in storage throughout, designer tiles, modern cabinets, natural wood water proof vinyl, and more.
In addition to the unbeatable return and massive units, buyers will enjoy other notable perks including: a 1-year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come.
Property Details
- Class
- B
- Year Built
- 2024
- Stories
- 3
- Lot Size (sq. ft)
- 8,712 SF
- Units
- 6
Highlights
- MAJOR CASH COW! Out of this world pro forma cap rate of 6.07%!
- Unbeatable unit mix consisting of two 5 bedroom units and four 4 bedroom units.
- Property comes fully loaded with premium kitchen appliances, washers + dryers. Totally turnkey!
- UNHEARD OF price per door of $699,167! This is a price per door you won’t find elsewhere!
- Dream 1031 exchange opportunity. Ready to close soon!
- All units separately metered for gas, electric AND water! Microscopic expenses!
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