Description
1315 N. Kingsley Drive, a 5-unit owner/use investment opportunity located just north of Fountain Avenue. Sitting on a 8,478 SF lot zoned LARD3, the property features (1) three-bedroom and two bath single-family residence and (4) studio units spread across two structures. Please note, the three-bedroom front house and (1) studio unit will be delivered VACANT upon COE. Property amenities include a large shared driveway, community yard and (2) one-car garages that have the opportunity to be converted to ADUs. 1315 N. Kingsley presents a value-add opportunity to investors, as current rents are approx. 20% below market value for nicely remodeled units in the area. With a location consistently under high-demand and significant upside in rents, 1315 N. Kingsley presents investors with the opportunity to purchase an asset with incredible promise in the ever-growing submarket of Hollywood.
-
3BEDS
-
0.19ACRES
-
0BATHS
-
01/2 BATHS
-
3,230SQFT
-
$421$/SQFT
School Ratings & Info
Description
1315 N. Kingsley Drive, a 5-unit owner/use investment opportunity located just north of Fountain Avenue. Sitting on a 8,478 SF lot zoned LARD3, the property features (1) three-bedroom and two bath single-family residence and (4) studio units spread across two structures. Please note, the three-bedroom front house and (1) studio unit will be delivered VACANT upon COE. Property amenities include a large shared driveway, community yard and (2) one-car garages that have the opportunity to be converted to ADUs. 1315 N. Kingsley presents a value-add opportunity to investors, as current rents are approx. 20% below market value for nicely remodeled units in the area. With a location consistently under high-demand and significant upside in rents, 1315 N. Kingsley presents investors with the opportunity to purchase an asset with incredible promise in the ever-growing submarket of Hollywood.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-16T09:42:36.79. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.