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Multifamily

836 S Kingsley Drive

836 S Kingsley Dr, Los Angeles, CA 90005

Listing Price: $1,695,000

Cap Rate
3.00%
Number of Units
8
Price/Unit
$211,875
Price/Gross SF
$295.91
Gross SF
5,728

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale an eight-unit apartment community located at 836 South Kingsley Drive. The subject property is located just south of Wilshire Boulevard within the dense Koreatown sub-market. Situated on a 6,750 square foot parcel, the property comprises of seven one-bedroom units and one two-bedroom unit. One of the units will be delivered vacant allowing new ownership to immediately renovate in order to achieve a market rental rate. The property has 99% remaining rental upside through unit renovations. The continued development of the surrounding area along with the value-add potential for a new owner to renovate units and achieve superior future returns moving forward makes 836 South Kingsley an excellent acquisition opportunity

Investment Highlights

  • One Unit Will be Delivered Vacant with 99 Percent Remaining Rental Upside Through Interior Renovations
  • The Property is Located in a Highly Desirable Pocket of Koreatown. With a Walk Score of 96 'Walker's Paradise' – Daily Errands do not Require a Car, Residents Enjoy Convenient Access to Employment Ce
  • Priced at $225,000 per Unit, 836 South Kingsley Offers an Attractive Basis
  • On-Site parking with No Retrofit Required

Exclusively Listed By

Financing By

Multifamily

836 S Kingsley Drive

Listing Price: $1,695,000

Cap Rate
3.00%
Number of Units
8
Price/Unit
$211,875
Price/Gross SF
$295.91
Gross SF
5,728

Investment Highlights

  • One Unit Will be Delivered Vacant with 99 Percent Remaining Rental Upside Through Interior Renovations
  • The Property is Located in a Highly Desirable Pocket of Koreatown. With a Walk Score of 96 'Walker's Paradise' – Daily Errands do not Require a Car, Residents Enjoy Convenient Access to Employment Ce
  • Priced at $225,000 per Unit, 836 South Kingsley Offers an Attractive Basis
  • On-Site parking with No Retrofit Required

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale an eight-unit apartment community located at 836 South Kingsley Drive. The subject property is located just south of Wilshire Boulevard within the dense Koreatown sub-market. Situated on a 6,750 square foot parcel, the property comprises of seven one-bedroom units and one two-bedroom unit. One of the units will be delivered vacant allowing new ownership to immediately renovate in order to achieve a market rental rate. The property has 99% remaining rental upside through unit renovations. The continued development of the surrounding area along with the value-add potential for a new owner to renovate units and achieve superior future returns moving forward makes 836 South Kingsley an excellent acquisition opportunity

Exclusively Listed By

Financing By

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