Los Angeles, CA 90029,724 N Kingsley DR
Los Angeles, CA 90029,724 N Kingsley DR
Los Angeles, CA 90029,724 N Kingsley DR
Los Angeles, CA 90029,724 N Kingsley DR
Los Angeles, CA 90029,724 N Kingsley DR
Los Angeles, CA 90029,724 N Kingsley DR
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$ 4,195,000
Est. payment | /mo

8,772 Sqft Lot


$ 4,195,000
Est. payment | /mo

8,772 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

MLS Listing ID BB24178105

Construction Status Turnkey

HOA Y/N No

Year Built 2024

Annual Tax Amount $50,315

Lot Size 8,772 Sqft

Property Description

724 N Kingsley Dr is a massive new construction 6-unit (5 + large ADU) with the most impressive unit mix you'll find! With two 5 bedroom units and four 4 bedroom units, this gorgeous 2024 construction is predicted to bring in an annual rent of $332,400, making for a pro forma cap rate of 6.07%. TOTAL CASH COW! Don't keep your money in the bank- invest in stable Los Angeles real estate with high cash flow.

724 N Kingsley is located in trendy Melrose Hill, minutes from the heart of Hollywood, Los Feliz, Larchmont Village and Silver Lake! Walk down the street to countless neighborhood destinations on both Melrose and Santa Monica Blvd.

You will find noteworthy features including, but not limited to: bedrooms with en-suite bathrooms, high ceilings, open floor plan living room/kitchen areas, huge walk in closets, balconies, large windows allowing for maximum light, built in storage throughout, designer tiles, modern cabinets, natural wood water proof vinyl, and more.

In addition to the unbeatable return and massive units, buyers will enjoy other notable perks including: a 1-year builder's warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LARD1.5

Interior

Interior Features Balcony

Heating Central

Cooling Central Air

Flooring Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Electric Oven, Freezer, Gas Range, Microwave, Refrigerator, Tankless Water Heater, Dryer, Washer

Laundry Washer Hookup, Electric Dryer Hookup, Inside

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs, Sidewalks

View Y/N Yes

View City Lights, Neighborhood

Total Parking Spaces 8

Private Pool No

Building

Lot Description Landscaped

Faces West

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Architectural Style Modern

Level or Stories Three Or More

New Construction Yes

Construction Status Turnkey

Others

Senior Community No

Tax ID 5535036021

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Elizabeth Maddox • Myunits.com Inc. • 818-850-8485
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73241 CA-111, Ste 2B Palm Desert, CA, 92260, USA

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724 N Kingsley DR