1811 N Kingsley Drive, Los Angeles, CA 90027 - Berkshire Hathaway HomeServices California Properties

Photo of Jimmy Harmantzis

Jimmy Harmantzis REALTOR® - Broker Associate 949-212-2023 m
949-212-2023 o
Lic#: 01234982
NRDS ID: 641526390
JimmyHarmantzis@bhhscal.com Mission Viejo Office
23120 Alicia Parkway, Suite 100
Mission Viejo, CA 92692
Phone: 949-768-1000
Fax: 949-587-0915

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Agent Remarks

Incredible opportunity in a prime Los Feliz adjacent location. Large property of close to 12,000 SF of land, offers many opportunities. There are currently 8 units spread over 3 bungalow style structures with 8 on site parking spaces. With a current cap rate of 5.89% and approximately 42% upside in existing rents, offering a cap rate of 9.4% at market rents. The large lot has potential for up to 6 ADUs or more, which would raise the cap rate to above 10%! Tenants pay their own trash, keeping expenses low. The large lot, zoned LAR3 also offers potential for ground up development.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 25539067

List price is $1,775,000

Beds: 8

Baths: 8

Built in 1924

5,532 sqft

2 stories

0.27 acres

Lot size: 0.2667

County: Los Angeles

Zoning: LAR3-1

Appliances: Disposal

Parking description: Driveway

Heating/cooling: None

MLS area: C20 - Hollywood

Last Updated: 5/23/2025

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This listing belongs to the C20 - Hollywood MLS area

Lat/Long: 34.103947, -118.303951.
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Listing Agent: Shaya Lowenstein
Lic#: 01234982
Office Name: Mission Viejo

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