This Multifamily Property is Off-Market.

1017 S Kingsley Dr
Los Angeles, CA 90006 ·

17 Units · Multifamily For Sale

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Koreatown Apartments

Price N/A Commission Split 2.5%
No. Units 17 Cap Rate 6.40%
Building Size 7,981 SF Gross Rent Multiplier 7.94
Property Type Multifamily No. Stories 2
Property Sub-type Garden/Low-Rise Year Built 1925
Property Use Type Investment Lot Size 5,881 SF
Listing ID: 17249579 Date Created: 07/18/2011 Last Updated: 10/04/2011

Description

Kinglsey Apartments is a 17 unit apartment building built in 1925. The two story, wood frame/stucco property boasts seventeen studio units. Laundry is located on site.

Each individual unit is well-maintained and the building is master-metered for gas and electricity and all of Koreatown' s amenities are close at hand.

The property is located on the west side of Kingsley Drive, just south of Olympic Blvd. There are many highlights in this culturally rich neighborhood. The property is conveniently located in Koreatown and close to Mid-City, Mid-Wilshire, the beach cities, downtown Los Angeles, LAX Airport, major freeways, and much more.

Highlights

  • Prime Koreatown Location
  • Good Cash Flow
  • High Occupancy Area
  • Great Long Term Potential

Research

1017 S Kingsley Dr, Los Angeles, CA 90006 (Los Angeles County)

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