515 S Kingsley Dr - Apartments FOR SALE
Los Angeles, CA 90020 |
515 S Kingsley Dr
Los Angeles, CA 90020
HIGHLIGHTS
- Value Add Opportunity – 16-units located in the heart of Koreatown
- Can be purchased with neighboring 501 South Kingsley Drive, 22-units (38-unit portfolio)
- Current rents are approximately 50% under market providing a new investor the opportunity to renovate units and common areas to maximize rental income
- Building consists of (16) one-bedroom/one-bathroom units
- The property features controlled access, covered parking and on-site laundry facility
- The units feature laminate flooring, air-conditioning and renovated kitchens with new cabinetry and stone countertops (select units)
FOR SALE DETAILS
PRICE
-
# OF UNITS
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CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
12516
STORIES
2
YEAR BUILT
1959
PARKING SPACES
-
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
5503-023-016
