924 N Kingsley Drive, Los Angeles, CA 90029
Property
Sold September 2023
Listing Agent: William James (DRE #01734419) · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-425-9838 · Bought with: Nabil Suleiman · The CSSA Group · MLS #23277709 · Source: CRMLS
About this property
The offering consists of (4) 1 Bed / 1 Bath and (4) 2 Bed / 1 Bath units. The property was built in 1956 and is 6,676 square feet of gross leasable area and sits on a large 9,660 square foot lot that is zoned LAR3. An investor will benefit from good in place cash flow with a starting cap rate of 5.4% with approximately 33% upside in rent potential. With it's excellent unit mix, day one return and location, the building is positioned for strong long term growth.
Listing description from the September 2023 sale, as reported to CRMLS.
Sale history