954 Kingsley Dr - Apartments FOR SALE


Los Angeles, CA 90029- East Hollywood
$3,749,000 USD
310-575-2690
954 Kingsley Dr, Los Angeles, CA for Sale
$3,749,000 USD
Apartments - FOR SALE
1/52
null | 6.72% Cap Rate

954 Kingsley Dr
Los Angeles, CA 90029
East Hollywood


HIGHLIGHTS

  • BRAND NEW 2025 CONSTRUCTION 100% FULLY LEASED WITH $300,000 GROSS INCOME AT UNHEARD OF 6.72% CAP RATE!
  • CLOSE TO LARCHMONT, LOS FELIZ, SILVERLAKE, SHOPPING, COFFEE SHOPS, VIEWS OF HOLLYWOOD SIGN AND GRIFFITH OBSERVATORY
  • RECENT APPRAISAL REPORT VALUED AT $4,175,000, with recent comps of 4plex sold for $3,685,000 making this great deal!
  • OPPORTUNITY TO ADD ADUS & STRONG RENTERS DESIRABILITY WITH 12 PARKING SPACES
  • SEPARATELY METERED FOR WATER, GAS, ELECTRICITY, LOW EXPENSES AND MAINTENANCE
  • DESIGNER FINISHES, OPEN FLOOR PLAN, TON OF NATURAL LIGHT, CALCATTA QUARTZ COUNTERTOPS, STAINLESS STEEL APPLIANCES AND WASHER & DRYERS IN EACH UNIT

OVERVIEW

Welcome to 954 N Kingsley- A Modern Brand New 2025 Construction non rent control 6-unit building that is 100% FULLY LEASED, with a gross income of $300,000 and an unheard of cap rate of 6.72% in Hollywood. This luxury complex is comprised of three duplexes, (3) three bedroom units and (3) four bedroom units-a great even mix of bedroom counts. 954 N KINGSLEY is located minutes from Larchmont, Los Feliz, Silverlake, and Melrose. Each unit has beautiful oak color vinyl flooring with a ton of natural light and additional recessed lights in all units. All units have brand new stainless steel appliances, washer, dryer and designer glossy kitchen cabinets with white calcatta quartz countertops some feature islands with beautiful waterfalls edges, designer bathroom tiles, balconies, and Central A/C & Heating. The units consists of 12 total parking spaces, including covered garages and carport spaces. Each unit is separately metered for utilities. Buyer will enjoy a 1 year buildings warranty building with low maintenance and very low expenses. Some of the units have beautiful views of the Griffith observatory Hollywood sign and Hollywood Hills. THERE IS AN APPRAISAL REPORT FOR $4,175,000!! In addition, there is an opportunity to add ADUS to get additional units. All investors will enjoy the benefits of this stable asset with equity earned right away. Comps nearby sold similar 4plex for $3,685,000 making this building very attractive and rare to find!

FOR SALE DETAILS

PRICE

$3,749,000 USD

PRICE/SF

$453 USD /SF

# OF UNITS

6

PRICE/UNIT

$624,833

CAP RATE

6.72%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

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

Daniel LalezariLuxe CapitalMore Info
310-575-2690

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Daniel LalezariLuxe CapitalMore Info
310-575-2690

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