Multifamily

Kingsley Apartments

1747 N Kingsley Dr, Los Angeles, CA 90027

Listing Price: $6,950,000

Cap Rate
5.63%
Number of Units
20
Occupancy
95.00%
Price/Unit
$347,500
Price/Gross SF
$491.37
Gross SF
14,144

Investment Overview

THG Multifamily, as the exclusive listing agent, is pleased to present for-sale Kingsley Apartments (the “Property”), 20-unit apartment community in Los Feliz, one of the best performing rental markets in Los Angeles largely due to its authentic neighborhood vibe that include diverse array of bookstores, specialty shops, and restaurants, that have been featured in countless movies and television shows. Strategically positioned north of Hollywood Blvd, the Property provides residents with direct access to Los Feliz, Hollywood, West Hollywood, Silverlake, and other destinations in Los Angeles. The property will deliver 50% of the units vacant which benefits incoming investors an incredible value-add opportunity without the relocation risk in a highly affluent area with a mounting demand for luxury housing as a result from nearby premier employment hubs and a highly supply constrained submarket where new construction is almost non-existent.

Investment Highlights

  • Thriving Cool Streets in the Area - Kingsley Apartments is within walking distance, a short uber/lyft, or bike ride to popular destinations.
  • Historical Rent Growth - The Los Feliz market has benefited from Hollywood's approximately eight million square feet of commercial development since 2010.
  • New Construction is Non-Existent - Since 2000, Los Feliz has had only four projects totaling 69 units that has been built which indicates that new construction is nearly non-existent.
  • Accessibility to High-Salary Jobs - Kingsley Apartments is located within a 30-minute drive of nearly 225 million square feet of office space and prominent employers across a wide variety of industries.

Exclusively Listed By

Listing Price: $6,950,000

Cap Rate
5.63%
Number of Units
20
Occupancy
95.00%
Price/Unit
$347,500
Price/Gross SF
$491.37
Gross SF
14,144

Investment Highlights

  • Thriving Cool Streets in the Area - Kingsley Apartments is within walking distance, a short uber/lyft, or bike ride to popular destinations.
  • Historical Rent Growth - The Los Feliz market has benefited from Hollywood's approximately eight million square feet of commercial development since 2010.
  • New Construction is Non-Existent - Since 2000, Los Feliz has had only four projects totaling 69 units that has been built which indicates that new construction is nearly non-existent.
  • Accessibility to High-Salary Jobs - Kingsley Apartments is located within a 30-minute drive of nearly 225 million square feet of office space and prominent employers across a wide variety of industries.

Investment Overview

THG Multifamily, as the exclusive listing agent, is pleased to present for-sale Kingsley Apartments (the “Property”), 20-unit apartment community in Los Feliz, one of the best performing rental markets in Los Angeles largely due to its authentic neighborhood vibe that include diverse array of bookstores, specialty shops, and restaurants, that have been featured in countless movies and television shows. Strategically positioned north of Hollywood Blvd, the Property provides residents with direct access to Los Feliz, Hollywood, West Hollywood, Silverlake, and other destinations in Los Angeles. The property will deliver 50% of the units vacant which benefits incoming investors an incredible value-add opportunity without the relocation risk in a highly affluent area with a mounting demand for luxury housing as a result from nearby premier employment hubs and a highly supply constrained submarket where new construction is almost non-existent.

Exclusively Listed By

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