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Multifamily

626 & 630 N Kingsley Drive

630 N Kingsley Dr, Los Angeles, CA 90004

Listing Price: $5,700,000

Cap Rate
6.58%
Number of Units
18
Occupancy
27.8%
Price/Unit
$316,667
Price/Gross SF
$434.45
Gross SF
13,120

Investment Overview

Marcus & Millichap is pleased to present 626 & 630 N Kingsley Drive, an eighteen-unit apartment community portfolio located in the Melrose Hill neighborhood of Los Angeles, adjacent to Koreatown. Originally built in 1987 & 1924, the current owner has owned the building for over 20 years. There will be 13 out of 18 units delivered vacant, the property is perfectly suited for a comprehensive renovation that would allow investors to immediately add value.

Investment Highlights

  • 13 Out of 18 Units Delivered Vacant for Immediate Value Add Opportunity
  • Compelling Walk Score of 86 out of 100 - "Very Walkable"
  • 1.1 Mile to Vermont / Beverly Metro B Line Station
  • Within 1 Mile to Los Angeles City College & Paramount Studios
  • First Time in the Market in Over 20 Years
  • Gated Community with Security Camera Systems
  • Laundry Facility for Additional Laundry Income Opportunity
  • 0.52 Acres for Covered Land Play

Exclusively Listed By

Multifamily

626 & 630 N Kingsley Drive

Listing Price: $5,700,000

Cap Rate
6.58%
Number of Units
18
Occupancy
27.8%
Price/Unit
$316,667
Price/Gross SF
$434.45
Gross SF
13,120

Investment Highlights

  • 13 Out of 18 Units Delivered Vacant for Immediate Value Add Opportunity
  • Compelling Walk Score of 86 out of 100 - "Very Walkable"
  • 1.1 Mile to Vermont / Beverly Metro B Line Station
  • Within 1 Mile to Los Angeles City College & Paramount Studios
  • First Time in the Market in Over 20 Years
  • Gated Community with Security Camera Systems
  • Laundry Facility for Additional Laundry Income Opportunity
  • 0.52 Acres for Covered Land Play

Investment Overview

Marcus & Millichap is pleased to present 626 & 630 N Kingsley Drive, an eighteen-unit apartment community portfolio located in the Melrose Hill neighborhood of Los Angeles, adjacent to Koreatown. Originally built in 1987 & 1924, the current owner has owned the building for over 20 years. There will be 13 out of 18 units delivered vacant, the property is perfectly suited for a comprehensive renovation that would allow investors to immediately add value.

Exclusively Listed By

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