FOR SALE $1,495,000
Property is being sold in "as-is" condition with no representations, warranties, or guaranties from the Seller.
Well-Located 8 Unit Apartment Building
1151 N Kingsley Dr Los Angeles CA 90029
Great opportunity with rental upside in a Qualified Opportunity Zone.
This 8-unit 1BR/1BA multifamily property is in East Hollywood. Ideal for 1031 exchange buyers or long-term investors seeking future growth. Each unit averages 913 SF, offering strong potential for adding value. Fully occupied with stable tenants, featuring low-maintenance operations and separately metered. Prime location near Silver Lake, Los Feliz, Metro, and the 101 FWY—One of LA’s most active rental corridors.
Property Highlights
Price. $1,495,000
Price/SF. $231.40
APN. 5537-010-001
Zoning. LARD1.5
Building Size (SF) 6,458
Lot Size (SF) 7,824
Year Built. 1931
Annualized Operating Data
Gross Income $ 101,989.08
Expenses(approximately) $ 40,987.00
Net Operating Income $ 61,002.08
Annualized Expenses Data
Property Taxes $ 18,687
Insurance $ 9,500
Trash $ 3,600
Utilities (Water & Power) $ 8,400
Maintain(yr). $ 800
This property is being sold "as is" Broker and agent do not guarantee the accuracy of square footage, size, condition, features, permits, or plans. Buyers are strongly encouraged to conduct their own due diligence through personal inspection and consultation appropriate professionals to verify all details independently. This property is being sold "As Is"