634 N Kingsley Drive, Los Angeles, CA 90004

$3,295,000 Approx. USD 16 beds, 16 baths
11,564 sqft

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Marketed By The Keaty Team

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Agent Remarks

Presenting an exceptional investment opportunity at 634 North Kingsley Drive, a well-managed 16-unit multifamily property located in the heart of Mid-Wilshire. Built in 1954, this asset comprises 16 one-bedroom/one-bathroom units, with upgraded units featuring laminate flooring, granite countertops, wall-mounted HVAC systems, and modern kitchen appliances. The property offers significant value-add potential, with current rents approximately 29% below market rates. One renovated vacant unit provides an immediate opportunity for income maximization. Recent lease agreements for units 3, 15 and 17 affirm the market rent for the area. Key property features include parking for 13 vehicles, an on-site laundry facility, and individually metered gas and electric utilities for each unit. Notably, the property requires no soft story retrofit, minimizing potential capital expenditures. The property boasts a Walk Score of 90, with close proximity to shops, restaurants, and retail along Melrose Avenue and Beverly Boulevard. It is also conveniently situated within a short drive of Hollywood, Downtown Los Angeles, West Hollywood, and Beverly Hills, and is within walking distance of the Metro B Line (Red) at Vermont/Beverly Station.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 25513042

Price: $3,295,000

Beds: 16

Baths: 16

Built in 1954

11,564 sqft

2 stories

0.29 acres

Lot size: 0.2933