110 N Kings Road, Los Angeles, CA 90048
Property
Sold April 2024
Listing Agent: Jonathan Taksa (DRE #01366169) · Listing Office: Remax Commercial and Investment Realty · Contact: 213-817-1000 · Bought with: Steven Geller · Coldwell Banker Realty · MLS #24367469 · Source: CRMLS
About this property
We are pleased to offer for sale 2 incredible multifamily assets located at 106 N. Kings Rd. and 110 N. Kings Rd. in the heart of the Beverly Grove area of the Westside. Originally built in 1940 and ideally situated on a large double lot, the buildings exude the character and vintage charm of 1940's French Normandy architecture. The properties, each with their own APN, consist of all extremely large 1-bedroom layouts with each unit offering a terrific spacious floor plan flooded with natural light. Beautifully set around a meticulously landscaped and tranquil central courtyard, the buildings offer the astute investor a quintessential value-add opportunity. As current rents hover around $2.25/SF., there is tremendous rental upside through a comprehensive renovation program as units turn. Additionally, there is ample on-site parking with no soft story retrofit required (Buyer to verify). This is a fantastic trophy asset in an undeniably attractive location that will surely pay longterm dividends to a savvy investor. This rare offering presents a canny investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles. THE PRICE IS FOR BOTH 106 AND 110 N KINGS RD.
Listing description from the April 2024 sale, as reported to CRMLS.
Sale history