• 1811 N Kingsley Drive, Los Angeles CA: https://media.crmls.org/mediaz/6be0c5b4-1867-467a-8b3b-701362822103.jpg
  • 1811 N Kingsley Drive, Los Angeles CA: https://media.crmls.org/mediaz/3153f8bd-a075-43f7-969e-c64329408e70.jpg

1811 N Kingsley Drive, Los Angeles, CA 90027

| 5,532 SQ/FT

Offered at $1,775,000

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.