1207 S Kingsley Dr - Apartments FOR SALE


Los Angeles, CA 90006- Harvard Heights
$1,080,000 USD
213-760-4007
1207 S Kingsley Dr, Los Angeles, CA for Sale
$1,080,000 USD
Apartments - FOR SALE
1/3
null | 6.34% Cap Rate

1207 S Kingsley Dr
Los Angeles, CA 90006
Harvard Heights


HIGHLIGHTS

  • PRICED TO SELL IMMEDIATELY - 6.34% CAP. Significant Rent Upside Potential -9.75% CAP at Market Rent of just $1,950/month/2 Bed Unit
  • PRIME KOREA TOWN - 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

PRICE REDUCED FOR IMMEDIATE SALE - Prime Koreatown 6-Unit Asset - 6.34% Current CAP $ - $ 9.75% Market CAP 1207 S. Kingsley Drive offers an exceptional opportunity to acquire a stabilized, well-maintained 6-unit multifamily property in the high-demand Koreatown / Mid-Wilshire corridor. Boasting reliable current cash flow at a 6.34% CAP, the asset features tremendous rent upside to a 9.75% market CAP rate based on conservative market rents of $1,950/unit. Unbeatable central location, dense tenant demand, and clear path to forced appreciation.

FOR SALE DETAILS

PRICE

$1,080,000 USD

PRICE/SF

$299 USD /SF

# OF UNITS

6

PRICE/UNIT

$180,000

CAP RATE

6.34%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kingsley

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

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.