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Image 1 - 719 North Kingsley Drive, Los Angeles, CA 90029, USA - Townhouse for sale

Image 2 - 719 North Kingsley Drive, Los Angeles, CA 90029, USA - Townhouse for sale

Image 3 - 719 North Kingsley Drive, Los Angeles, CA 90029, USA - Townhouse for sale

Image 4 - 719 North Kingsley Drive, Los Angeles, CA 90029, USA - Townhouse for sale

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Image 8 - 719 North Kingsley Drive, Los Angeles, CA 90029, USA - Townhouse for sale

Residential Income

719 North Kingsley Drive, Los Angeles, CA 90029, USA

Residential Income

townhouse for sale

46 views

Listed: 02/13/23

719 North Kingsley Drive, Los Angeles, CA 90029, USA

Studio Bed:

1 Bath:

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Price

$ 2,11M

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About This Townhouse

Nine unit value-add property in East Hollywood offering a solid current CAP rate with the opportunity for substantial rental upside. Located just north of Melrose Ave. (between Normandie and Western), 719 N. Kinglsey is centrally located to several neighborhood thoroughfares filled with an array of independent businesses, a city college (LACC) and large Hollywood employers (Children's Hospital LA, Hollywood Presbyterian, Sunset Gower Studios). The property is comprised of (1) three-bdrm. and one-and-a-half bath unit, (2) 2-bdrm. units and (6) 1-bdrm. units. Each uni is individually metered for gas and electricity. This value-add opportunity currently generates approx. $12, 200+ in gross monthly income with the opportunity for 58% upside in rents, based on renovated units in the area. We anticipate the … Full description

Property Includes

Parking
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East Hollywood Housing & Living

Household Income

Median household income: $62,474

Number of households: 1,4M

The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.

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