Los Angeles, CA 90029 724 N Kingsley Drive
$4,195,000
34 more
Presented By: Elizabeth Maddox with Myunits.com Inc.; 818-850-8485
Beds • 26
Baths • 22
SQFT • 9,249
Garage • 4
Home Details
724 N Kingsley Dr is a massive new construction 6-unit (5 + large ADU) with the most impressive unit mix you’ll find! With two 5 bedroom units and four 4 bedroom units, this gorgeous 2024 construction is predicted to bring in an annual rent of $332,400, making for a pro forma cap rate of 6.07%. TOTAL CASH COW! Don’t keep your money in the bank- invest in stable Los Angeles real estate with high cash flow.
724 N Kingsley is located in trendy Melrose Hill, minutes from the heart of Hollywood, Los Feliz, Larchmont Village and Silver Lake! Walk down the street to countless neighborhood destinations on both Melrose and Santa Monica Blvd.
You will find noteworthy features including, but not limited to: bedrooms with en-suite bathrooms, high ceilings, open floor plan living room/kitchen areas, huge walk in closets, balconies, large windows allowing for maximum light, built in storage throughout, designer tiles, modern cabinets, natural wood water proof vinyl, and more.
In addition to the unbeatable return and massive units, buyers will enjoy other notable perks including: a 1-year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come.
Presented By: Elizabeth Maddox with Myunits.com Inc.; 818-850-8485
Interior Features for 724 N Kingsley Drive
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsItem1CommonWall
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringVinyl
Heating Y/NYes
Laundry FeaturesWasherHookup, ElectricDryerHookup, Inside
Total Stories3
Other Rooms
Entry Level1
General for 724 N Kingsley Drive
Additional Parcels Y/NNo
AppliancesDishwasher, ElectricOven, Freezer, GasRange, Microwave, Refrigerator, TanklessWaterHeater, Dryer, Washer
Architectural StyleModern
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.07
Carport Y/NNo
CityLos Angeles
Community FeaturesCurbs, Sidewalks
CoolingCentralAir
CountyLos Angeles
Days on Market1
DirectionsLocated just North of Melrose Ave on the East side of Kingsley Dr.
ElectricStandard
Electric Expense1000.0
Entry Location1
Facing DirectionWest
Fuel Expense0.0
Garage Spaces4.0
Garage Y/NYes
Gross Income332400.0
HOA0.0
HeatingCentral
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense8324.0
Interior FeaturesBalcony
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsThreeOrMore
Lot Size Square Feet8774.0
Lot Size UnitsSquareFeet
MLS AreaC20 - Hollywood
MaintenanceExpense3600.0
MobileHomeRemainsYNNo
Net Operating Income254665.0
New ConstructionYes
Number of Units Leased0
NumberOfUnitsTotal6
Open Parking Spaces4.0
Operating Expense64439.0
Pool FeaturesNone
Private PoolNo
Property ConditionTurnkey
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Annual Amount50315.0
Tax Lot65
Taxes$50,315
Tenant PaysAllUtilities, TrashCollection
TermsSubmit
Total Actual Rent0.0
Trash Expense0.0
ViewCityLights, Neighborhood
View Y/NYes
Virtual TourClick here
Virtual TourClick here
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built2024
Year Built SourceBuilder
ZoningLARD1.5
Exterior for 724 N Kingsley Drive
Building Area Total9249.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLandscaped
Lot Size Acres0.2014
Lot Size Area8774.0
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters7
Number of Separate Gas Meters6
Number of Separate Water Meters6
Open Parking Y/NNo
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking8.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480