924 N Kingsley Dr Los Angeles, CA 90029

Building Details

Year Built

1941

Listing Agency n***@nabilre.com Show Phone

Listed by Nabil Suleiman · License #02004196 Show Phone

Source Elliman

Added: Apr 1 Checked: Jul 10 at 12:35 pm

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Investment Insights

Based on property information with market context.

This stabilized 8-unit multifamily property is located in a rapidly growing neighborhood. The property features 5 recently renovated units and offers a 6.35 cap rate. An assumable mortgage is available. There is potential for further expansion, including Accessory Dwelling Unit (ADU) development. The location has a walk score of 91, indicating it is a Walker's Paradise. The bike score is 68, making it Bikeable. The transit score is 59, indicating Good Transit.

Key Highlights

• Assumable mortgage at a low rate of 3.75%
• Stabilized 8‑unit property in a rapidly growing neighborhood
• Attractive 6.35% capitalization rate

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FAQs

What type of property is this?

Apartment building - 8-unit property with assumable mortgage in prime location.

Where is this apartment building located?

The property is located at 924 N Kingsley Dr Los Angeles, CA.

What is the asking price?

The asking price for this property is $2,450,000.

What are key features of this property?

This property features: Assumable mortgage at a low rate of 3.75%; Stabilized 8‑unit property in a rapidly growing neighborhood; Attractive 6.35% capitalization rate