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Kingsley 1207 S Kingsley Dr 6 Unit Apartment Building $1,080,000 ($180,000/Unit) 6.34% Cap Rate Los Angeles, CA 90006
Investment Highlights
- PRICED TO SELL IMMEDIATELY - 6.34% CAP. Significant Rent Upside Potential -9.75% CAP at Market Rent of just $1,950/month/2 Bed Unit
- Block Away from Loyola High School
- PRIME KOREA TOWN - Walking Distances to Restaurants and Shopping
- Dense Population - 88,192 Within 1 Mile Radius. 45,064 Daytime Employees within 1 Mile Radius
Executive Summary
PRICE REDUCED FOR IMMEDIATE SALE - Prime Koreatown 6-Unit Asset - 6.34% Current CAP $ - $ 9.75% Market CAP
1207 S. Kingsley Drive offers an exceptional opportunity to acquire a stabilized, well-maintained 6-unit multifamily property in the high-demand Koreatown / Mid-Wilshire corridor. Boasting reliable current cash flow at a 6.34% CAP, the asset features tremendous rent upside to a 9.75% market CAP rate based on conservative market rents of $1,950/unit. Unbeatable central location, dense tenant demand, and clear path to forced appreciation.
1207 S. Kingsley Drive offers an exceptional opportunity to acquire a stabilized, well-maintained 6-unit multifamily property in the high-demand Koreatown / Mid-Wilshire corridor. Boasting reliable current cash flow at a 6.34% CAP, the asset features tremendous rent upside to a 9.75% market CAP rate based on conservative market rents of $1,950/unit. Unbeatable central location, dense tenant demand, and clear path to forced appreciation.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,080,000 | Property Subtype | Apartment |
| Price Per Unit | $180,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.34% | Building Size | 3,612 SF |
| Gross Rent Multiplier | 10.54 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1964 |
| Property Type | Multifamily | ||
| Zoning | LAR3 - Multiple Dwelling | ||
| Price | $1,080,000 |
| Price Per Unit | $180,000 |
| Sale Type | Investment |
| Cap Rate | 6.34% |
| Gross Rent Multiplier | 10.54 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 3,612 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Zoning | LAR3 - Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $1,650 | 600 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5080-027-002 | Total Assessment | $240,217 |
| Land Assessment | $49,871 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $190,346 | Tax Year | 2025 |
Property Taxes
Parcel Number
5080-027-002
Land Assessment
$49,871
Improvements Assessment
$190,346
Total Assessment
$240,217
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Kingsley | 1207 S Kingsley Dr
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