Presenting an exceptional investment opportunity at 634 North Kingsley Drive, a well-managed 16-unit multifamily property located in the heart of Mid-Wilshire. Built in 1954, this asset comprises 16 one-bedroom/one-bathroom units, with upgraded units featuring laminate flooring, granite countertops, wall-mounted HVAC systems, and modern kitchen appliances. The property offers significant value-add… Read More potential, with current rents approximately 29% below market rates. One renovated vacant unit provides an immediate opportunity for income maximization. Recent lease agreements for units 3, 15 and 17 affirm the market rent for the area. Key property features include parking for 13 vehicles, an on-site laundry facility, and individually metered gas and electric utilities for each unit. Notably, the property requires no soft story retrofit, minimizing potential capital expenditures. The property boasts a Walk Score of 90, with close proximity to shops, restaurants, and retail along Melrose Avenue and Beverly Boulevard. It is also conveniently situated within a short drive of Hollywood, Downtown Los Angeles, West Hollywood, and Beverly Hills, and is within walking distance of the Metro B Line (Red) at Vermont/Beverly Station. Read Less
Courtesy of Westside Estate Agency Inc. 310-247-7770
Listing Snapshot
Days Online
40
Last Updated
Property Type
Other
Beds
16
Square Ft.
11,564
Lot Size
0.29 Acres
Year Built
1954
MLS Number
25513042
30 Days Snapshot Of 90004
$1,691k
-23%
(avg) sold price
11
0%
homes sold
56
+47%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Ceiling Fan, Dishwasher, Range/Oven, Refrigerator
Building
11,564 sq ft, Built in 1954, Levels: Two
Cooling
Wall Unit(s), Wall/Window
Disclosures
As Is, Owner Has R.E. License, LA/Owner Related
Garage
Assigned
Heating
Wall
Lot
LotAcreage: 0.2933, LotSizeArea: 12,774
Parking
TotalParking: 13
Property
NumberOfUnits: 16, Zoning: LAR3
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