16 bedroom house for sale

Overview

The property features parking for 13 vehicles and includes an on-site laundry facility

Introducing the opportunity to purchase 634 North Kingsley Drive, a value-add and professionally managed 16- unit multifamily asset located in the heart of Mid-Wilshire. Built in 1954, the property consists of 16 one-bedroom/one-bathroom units that contain features such as laminate flooring, granite counters, window/wall-mounted HVAC and kitchen appliances. Current rents are approximately 42% under market with 1 vacant unit providing a new investor the opportunity to renovate units in order to maximize rental income. The property features parking for 13 vehicles and includes an on-site laundry facility. Units are individually metered for both gas and electric with water heaters in each unit. No soft story retrofit needed. The building boasts a Walk Score of 90 as it is located near many shops, restaurants and retail along both Melrose Ave and Beverly Blvd. The property is conveniently located and only a short drive away from neighborhoods such as Hollywood, Downtown, West Hollywood and Beverly Hills. It is also located close to the Metro B Line (Red) at Vermont/Beverly Station stop.