Incredible opportunity in a prime Los Feliz adjacent location. Large property of close to 12,000 SF of land, offers many opportunities. There are currently 8 units spread over 3 bungalow style structures with 8 on site parking spaces. With a current cap rate of 5.89% and approximately 42% upside in existing rents, offering a cap rate of 9.4% at market rents. The large lot has potential for up to 6 ADUs or more, which would raise the cap rate to above 10%! Tenants pay their own trash, keeping expenses low. The large lot, zoned LAR3 also offers potential for ground up development.
Property Details
Price:
$1,775,000
MLS #:
25539067
Status:
Active
Baths:
0
Address:
1811 N Kingsley Drive
Type:
Residential Income
Neighborhood:
c20hollywood
City:
Los Angeles
Listed Date:
May 15, 2025
State:
CA
ZIP:
90027
Lot Size:
11,616 sqft / 0.27 acres (approx)
Year Built:
1924
See this Listing
Mortgage Calculator
Schools
Interior
Appliances
Disposal
Cooling
None
Exterior
Parking Features
Driveway
Parking Spots
8.00
Stories Total
1
View
Mountain(s), City Lights
Financial
Map
Community
- Address1811 N Kingsley Drive Los Angeles CA
- AreaC20 – Hollywood
- CityLos Angeles
- CountyLos Angeles
- Zip Code90027
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Courtesy of Lyon Stahl Investment Real Estate, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.1811 N Kingsley Drive
Los Angeles, CA
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