1207 S Kingsley Dr - Multi-Family FOR SALE


Los Angeles, CA 90006- Harvard Heights
$1,298,000 USD
213-760-4007
1207 S Kingsley Dr, Los Angeles, CA for Sale
$1,298,000 USD
Multi-Family - FOR SALE
1/1
null | 5.09% Cap Rate

1207 S Kingsley Dr
Los Angeles, CA 90006
Harvard Heights


HIGHLIGHTS

  • Significant Rent Upside Potential. 7.93% CAP at Market Rent
  • Walking Distances to Restaurants and Shopping
  • Block Away from Loyola High School
  • Dense Population - 88,192 Within 1 Mile Radius. 45,064 Daytime Employees within 1 Mile Radius

OVERVIEW

1207 S. Kingsley Drive is a well-maintained 6-unit multifamily investment property situated in the heart of the Koreatown / Mid-Wilshire corridor — one of Los Angeles' most densely populated and sought-after residential submarkets. The property consists of six (6) two-bedroom / one-bathroom units, each approximately 600 SF, on a 5,897 SF LAR3 lot totaling 3,612 SF of rentable building area. Most units are leased substantially below current market rates, averaging just $1,423/mo against a market rate of $1,950–$2,400/mo for comparable 2-bed units in Koreatown. As leases naturally turn over, each unit represents an immediate opportunity to push rents toward market, improving cash-on-cash returns.

FOR SALE DETAILS

PRICE

$1,298,000 USD

PRICE/SF

$359 USD /SF

# OF UNITS

6

PRICE/UNIT

$216,333

CAP RATE

5.09%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kingsley

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,897 SF

ZONING

LAR3

APN/PARCEL ID

5080-027-002

ASK ABOUT THIS PROPERTY

Calvin LeeCalvin Lee Real Estate AdvisorMore Info
213-760-4007

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Calvin LeeCalvin Lee Real Estate AdvisorMore Info
213-760-4007

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.