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515 S Kingsley Dr
Los Angeles, CA 90020
Multifamily Property For Sale
·
16 Units
Investment Highlights
- Value Add Opportunity – 16-units located in the heart of Koreatown
- Current rents are approximately 50% under market providing a new investor the opportunity to renovate units and common areas to maximize rental income
- The property features controlled access, covered parking and on-site laundry facility
- Can be purchased with neighboring 501 South Kingsley Drive, 22-units (38-unit portfolio)
- Building consists of (16) one-bedroom/one-bathroom units
- The units feature laminate flooring, air-conditioning and renovated kitchens with new cabinetry and stone countertops (select units)
Property Facts
| No. Units | 16 | Lot Size | 0.26 AC |
| Property Type | Multifamily | Building Size | 12,516 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Building Class | C | Year Built | 1959 |
| Zoning | R4 | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 12,516 SF |
| No. Stories | 2 |
| Year Built | 1959 |
| Zoning | R4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
Property Taxes
| Parcel Number | 5503-023-016 | Improvements Assessment | $969,000 |
| Land Assessment | $2,040,000 | Total Assessment | $3,009,000 |
Property Taxes
Parcel Number
5503-023-016
Land Assessment
$2,040,000
Improvements Assessment
$969,000
Total Assessment
$3,009,000
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