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 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.
Property Details
Price:
$3,295,000
MLS #:
25513042
Status:
Active
Baths:
0
Address:
634 N Kingsley Drive
Type:
Residential Income
Neighborhood:
c17midwilshire
City:
Los Angeles
Listed Date:
Mar 18, 2025
State:
CA
ZIP:
90004
Lot Size:
12,774 sqft / 0.29 acres (approx)
Year Built:
1954
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Schools
Interior
Appliances
Dishwasher, Refrigerator
Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace
Interior Features
Ceiling Fan(s)
Exterior
Parking Features
Assigned
Parking Spots
13.00
Stories Total
2
Financial
Map
Community
- Address634 N Kingsley Drive Los Angeles CA
- AreaC17 – Mid-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90004
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634 N Kingsley Drive
Los Angeles, CA
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