New Construction Multifamily Investment
For Sale
$3,799,000
956 Kingsley Drive, Los Angeles, CA 90029
Fully leased, new construction 6-unit apartment building in Virgil Village.
Property SizeContact for details
Days on Market495
Property Features for 956 Kingsley Drive
General Information
Standard status
Active
Building Details
Year Built
2025
Listing Agency:
MYUNITS.COM INC.
Listed By:
LAUREN CEARLEY
Source:
Corcoran
Added: May 10, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MYUNITS.COM INC.
Investment Insights
Based on property information with market context.
Located in Virgil Village, Los Angeles, this new construction 6-unit apartment building, completed in 2025, is fully leased. The property features a unit mix of three 4-bedroom units and three 3-bedroom units. The building is located minutes from Hollywood, Los Feliz, Larchmont Village, and Silver Lake, with numerous neighborhood destinations on Melrose and Santa Monica Blvd. Each bedroom includes an en-suite bathroom, high ceilings, open floor plan living room/kitchen areas, large walk-in closets, balconies, and large windows for maximum light. Built-in storage, designer tiles, modern cabinets, and natural wood waterproof vinyl are included throughout. Additional features include separate meters for gas, water, and electric. A 1-year builder’s warranty is included.
Key Highlights
- Fully leased 6‑unit building generating $300,000 annual rent.
- New construction (2025) with a 6.55% cap rate.
- Located in trendy Virgil Village, near Hollywood, Los Feliz, Larchmont Village and Silver Lake.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,724
Businesses Nearby
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Business Placement
Demographics for 90029, CA
34,695
Population
14,465
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
24,782
Density / Sq Mi
$60,793
Median Household Income
$35,801
Median Earnings
$1,644
Median Rent
$1,066,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased, new construction 6-unit apartment building in Virgil Village.
Where is this apartment building located?
The property is located at 956 Kingsley Drive Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,799,000.
What are key features of this property?
This property features: Fully leased 6‑unit building generating $300,000 annual rent.; New construction (2025) with a 6.55% cap rate.; Located in trendy Virgil Village, near Hollywood, Los Feliz, Larchmont Village and Silver Lake.
