954 Kingsley Dr - Apartments FOR SALE


Los Angeles, CA 90029- East Hollywood
$3,899,000 USD
818-859-7242
954 Kingsley Dr, Los Angeles, CA for Sale
$3,899,000 USD
Apartments - FOR SALE
1/44
null | 6.36% Cap Rate

954 Kingsley Dr
Los Angeles, CA 90029
East Hollywood


HIGHLIGHTS

  • MAJOR CASH COW! Delivered FULLY LEASED at an out of this world cap rate of 6.36%!
  • Non Rent-Controlled!
  • Unbeatable unit mix consisting of three 4 bedroom units and three 4 bedroom units.
  • Property comes fully loaded with premium kitchen appliances, washers + dryers. Totally turnkey!
  • UNHEARD OF price per door of $649,833! This is a price per door you won’t find elsewhere!
  • 12 PARKING SPACES on site!

OVERVIEW

The 5+ Unit Specialists are pleased to present 954 N Kingsley Dr, a FULLY LEASED, non rent controlled, brand new construction 6-unit with the most impressive unit mix you’ll find! With three 4 bedroom units and three 3 bedroom units, this gorgeous 2025 construction will be delivered fully leased at an annual rent of $300,000, making for stabilized cap rate of 6.36%. TOTAL CASH COW! Don’t keep your money in the bank- invest in stable Los Angeles real estate with REAL cash flow. 954 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.

FOR SALE DETAILS

PRICE

$3,899,000 USD

PRICE/SF

$471 USD /SF

# OF UNITS

6

PRICE/UNIT

$649,833

CAP RATE

6.36%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cash Cow East Hollywood 6-Unit | 6.36% Cap

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,681 SF

ZONING

LAR3

APN/PARCEL ID

5537-024-027

ASK ABOUT THIS PROPERTY

Elizabeth MaddoxMyunits.com IncMore Info
818-859-7242

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Elizabeth MaddoxMyunits.com IncMore Info
818-859-7242

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