CA > Los Angeles
Los Angeles, CA 90004,634 N Kingsley DR
Los Angeles, CA 90004,634 N Kingsley DR
Los Angeles, CA 90004,634 N Kingsley DR
Los Angeles, CA 90004,634 N Kingsley DR
Los Angeles, CA 90004,634 N Kingsley DR
Los Angeles, CA 90004,634 N Kingsley DR
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Allesen Cann

Allesen Cann

Real Broker

+1(619) 992-0646
$ 3,295,000
Est. payment | /mo

16 Beds

16 Baths

11,564 SqFt

Save
$ 3,295,000
Est. payment | /mo
Save

16 Beds

16 Baths

11,564 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,564 sqft

Price per Sqft $284

MLS Listing ID 25513042

Bedrooms 16

HOA Y/N No

Year Built 1954

Lot Size 0.293 Acres

Property Description

Presenting an exceptional investment opportunity at 634 North Kingsley Drive, a well-managed 16-unit multifamily property located in the heart of Mid-Wilshire. Built in 1954, this asset comprises 16 one-bedroom/one-bathroom units, with upgraded units featuring laminate flooring, granite countertops, wall-mounted HVAC systems, and modern kitchen appliances. The property offers significant value-add potential, with current rents approximately 29% below market rates. One renovated vacant unit provides an immediate opportunity for income maximization. Recent lease agreements for units 3, 15 and 17 affirm the market rent for the area. Key property features include parking for 13 vehicles, an on-site laundry facility, and individually metered gas and electric utilities for each unit. Notably, the property requires no soft story retrofit, minimizing potential capital expenditures. The property boasts a Walk Score of 90, with close proximity to shops, restaurants, and retail along Melrose Avenue and Beverly Boulevard. It is also conveniently situated within a short drive of Hollywood, Downtown Los Angeles, West Hollywood, and Beverly Hills, and is within walking distance of the Metro B Line (Red) at Vermont/Beverly Station.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR3

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Dishwasher, Refrigerator

Exterior

Parking Features Assigned

Total Parking Spaces 13

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5521007022

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Trevor Bergher • Westside Estate Agency Inc.
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+1(619) 992-0646

allesen@deanaguilargroup.com

1420 Kettner Blvd, Diego, CA, 92101, United States

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634 N Kingsley DR