Los Angeles, CA 90027 1811 N Kingsley Drive
$1,775,000
Presented By: Shaya Lowenstein with Lyon Stahl Investment Real Estate, Inc.;
- MLS# 25539067
- 05/15/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 8
Baths • 8
SQFT • 5,532
Home Details
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.
Presented By: Shaya Lowenstein with Lyon Stahl Investment Real Estate, Inc.;
Interior Features for 1811 N Kingsley Drive
Bedrooms
Total Bedrooms8
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths8
Other Interior Features
LivingAreaSourceOther
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Total Stories1
General for 1811 N Kingsley Drive
Additional Parcels Y/NNo
AppliancesDisposal
Attached Garage No
Cap Rate5.89
Carport Y/NNo
CityLos Angeles
CoolingNone
CountyLos Angeles
DirectionsNorth of Hollywood, South of Franklin. East of Western, West of Vermont
DisclosuresFamilialRelation, RentControl
Electric Expense1200.0
Facing DirectionEast
Full Baths
Garage Y/NNo
Gross Income148476.0
HOANo
Home Warranty Y/NNo
Insurance Expense5000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet11616.0
Lot Size UnitsSquareFeet
MLS AreaC20 - Hollywood
Maintenance Expense4000.0
MobileHomeRemainsYNNo
Net Operating Income104576.0
New ConstructionNo
Number Of Units Total8
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Taxes$20,500
ViewCityLights, Mountains
Water Sewer Expense6000.0
Year Built1924
Year Built SourceAssessor
ZoningLAR3-1
Exterior for 1811 N Kingsley Drive
Building Area Total5532.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.2667
Lot Size Area11616.0
Lot Size SourceAssessor
Number of Buildings3
Parking FeaturesDriveway
Private PoolNo
SpaNo
Total Parking8.0
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate