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1151 N Kingsley Dr 8 Unit Apartment Building $1,250,000 ($156,250/Unit) 4.85% Cap Rate Los Angeles, CA 90029
Investment Highlights
- Located in Qualified Opportunity Zone
- Fully Occupied Property
- Add Value Opportunity
Executive Summary
Daum Commercial, as the Exclusive Listing Agent, proudly presents the opportunity to purchase 1151 North Kingsley Drive, a two-story eight unit multifamily residence located in the Little Armenia neighborhood of Los Angeles.
Property Facts
| Price | $1,250,000 | Building Class | C |
| Price Per Unit | $156,250 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 7,358 SF |
| Cap Rate | 4.85% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | Parking Ratio | 1.09/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling | ||
| Price | $1,250,000 |
| Price Per Unit | $156,250 |
| Sale Type | Investment |
| Cap Rate | 4.85% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 7,358 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1931 |
| Parking Ratio | 1.09/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 860 - 960 |
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5537-010-001 | Improvements Assessment | $660,282 |
| Land Assessment | $1,082,432 | Total Assessment | $1,742,714 |
Property Taxes
Parcel Number
5537-010-001
Land Assessment
$1,082,432
Improvements Assessment
$660,282
Total Assessment
$1,742,714
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1151 N Kingsley Dr
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