724 N Kingsley DR Pending Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90029
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID BB24178105
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
Heating Central
Cooling Central Air
Flooring Vinyl
Fireplaces Type None
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
Building
Lot Description Landscaped
Story 3
Sewer Public Sewer
Water Public
New Construction Yes
Others
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard