Historical Multifamily Sale Listing - Koreatown Apartments

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Koreatown Apartments

1017 S Kingsley Dr, Los Angeles, CA 90006

N/A

17 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
17
Building Size:
7,981 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
6.40%
Gross Rent Multiplier:
7.94
No. Stories:
2
Year Built:
1925
Lot Size:
5,881 SF
Listing ID
17249579
Last Updated
over 1 year ago

Highlights

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

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.

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

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