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Multifamily

950 N Kingsley Dr

950 N Kingsley Dr, Los Angeles, CA 90029

Listing Price: $1,500,000

Cap Rate
4.75%
Number of Units
3
Occupancy
100.0%
Price/Unit
$500,000
Price/Gross SF
$483.71
Gross SF
3,101

Investment Overview

Marcus & Millichap is pleased to present a Triplex Investment opportunity in East Hollywood. Front unit was originally constructed in 1920 featuring 3 bedrooms 2 bathrooms. The front unit is seller occupied and has been untouched in years providing and opportunity for a new owner to remodel the front unit and capitalized on the highest market rent possible. The rear two units were built in 1949, each featuring 2 bedrooms and 2 bathrooms. The rear two units have been remodeled with laminate flooring with newer bathrooms and kitchens. Seller lives in the front house and will rent the unit back on a month-to-month basis. Seller will eventually vacate the unit when a new residence is found. This excellent East Hollywood location features a Walk Score of 85 out of 100 and is minutes away from tenant daily needs, nightlife, restaurants and much more! Some of the household names in the area include Home Depot, McDonald’s, Erewhon, Chick Fil A, Jons International Marketplace, Target, Rite Aide, and much more! Tenants have easy access to local public schools, hospitals, and the Sunset Gower Studios.

Investment Highlights

  • Excellent East Hollywood Location
  • Potential Owner User Opportunity (After Seller Vacates)
  • Rental Upside | Approximately 11% +/-

Exclusively Listed By

Financing By

Multifamily

950 N Kingsley Dr

Listing Price: $1,500,000

Cap Rate
4.75%
Number of Units
3
Occupancy
100.0%
Price/Unit
$500,000
Price/Gross SF
$483.71
Gross SF
3,101

Investment Highlights

  • Excellent East Hollywood Location
  • Potential Owner User Opportunity (After Seller Vacates)
  • Rental Upside | Approximately 11% +/-

Investment Overview

Marcus & Millichap is pleased to present a Triplex Investment opportunity in East Hollywood. Front unit was originally constructed in 1920 featuring 3 bedrooms 2 bathrooms. The front unit is seller occupied and has been untouched in years providing and opportunity for a new owner to remodel the front unit and capitalized on the highest market rent possible. The rear two units were built in 1949, each featuring 2 bedrooms and 2 bathrooms. The rear two units have been remodeled with laminate flooring with newer bathrooms and kitchens. Seller lives in the front house and will rent the unit back on a month-to-month basis. Seller will eventually vacate the unit when a new residence is found. This excellent East Hollywood location features a Walk Score of 85 out of 100 and is minutes away from tenant daily needs, nightlife, restaurants and much more! Some of the household names in the area include Home Depot, McDonald’s, Erewhon, Chick Fil A, Jons International Marketplace, Target, Rite Aide, and much more! Tenants have easy access to local public schools, hospitals, and the Sunset Gower Studios.

Exclusively Listed By

Financing By

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