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501 S Kingsley Dr
Los Angeles, CA 90020
Multifamily Property For Sale
·
22 Units
Investment Highlights
- ***$400,000 PRICE REDUCTION - SELLER MOTIVATED***Value Add Opportunity – 22-units located in the heart of Koreatown
- Current rents are approximately 25% under market providing a new investor the opportunity to renovate units and common areas to maximize rental income
- The property features controlled access, pool, covered parking and on-site laundry facility
- Favorable Assumable Debt – 6.29% fixed for approximately 4 more years
- Building consists of (19) studio/one-bathroom units and (3) one-bedroom/one-bathroom units
- Building consists of (19) studio/one-bathroom units and (3) one-bedroom/one-bathroom units
Property Facts
| No. Units | 22 | Lot Size | 0.26 AC |
| Property Type | Multifamily | Building Size | 11,274 SF |
| Property Subtype | Apartment | Average Occupancy | 91% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1956 |
| Zoning | LAR4 | ||
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 11,274 SF |
| Average Occupancy | 91% |
| No. Stories | 2 |
| Year Built | 1956 |
| Zoning | LAR4 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
- Office
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Pool
- Tenant Controlled HVAC
- Smoke Detector
Property Taxes
| Parcel Number | 5503-023-017 | Improvements Assessment | $1,200,000 |
| Land Assessment | $2,825,000 | Total Assessment | $4,025,000 |
Property Taxes
Parcel Number
5503-023-017
Land Assessment
$2,825,000
Improvements Assessment
$1,200,000
Total Assessment
$4,025,000
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