956 Kingsley dr, Hollywood , CA 90029
Active
$3,799,000
6 Units
21 Beds
22 Baths
8,278 Area(sq.ft.)
Lot: 7,681 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 4 | 3 | No | $ 4,166 | $ 4,166 | $ 4,500 |
| Unit 2 | 1 | 4 | 3 | No | $ 4,166 | $ 4,166 | $ 4,500 |
| Unit 3 | 1 | 4 | 4 | No | $ 4,166 | $ 4,166 | $ 4,600 |
| Unit 4 | 1 | 3 | 4 | No | $ 4,166 | $ 4,166 | $ 4,100 |
| Unit 5 | 1 | 3 | 4 | No | $ 4,166 | $ 4,166 | $ 4,000 |
| Unit 6 | 1 | 3 | 4 | No | $ 4,166 | $ 4,166 | $ 4,100 |
| 6 | 21 | 22 | $ 24,996 | $ 24,996 | $ 25,800 |
| MLS #: | BB25098054MR |
| Days On Market: | 217 |
| Listing Date: | May 2, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 459 |
| Price per unit: | $ 633,167 |
| Year Built: | 2025 |
Property Details
956 N Kingsley Dr is a FULLY LEASED, non rent controlled, brand new construction 6-unit with the most impressive unit mix you ll find! With three 4 bedroom units and three 3 bedroom units, this gorgeous 2025 construction will be delivered fully leased at an annual rent of $300,000, making for stabilized cap rate of 6.55%. TOTAL CASH COW! Don t keep your money in the bank- invest in stable Los Angeles real estate with REAL cash flow. 956 N Kingsley is located in trendy Virgil Village, 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.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Gross Operating Income: | $ 297,000 |
| Total Annual Expense: | $ 48,003 |
| Net Operating Income: | $ 248,997 |
| Cap Rate: | 6.55% |
| Gross Rent Multiplier: | 12.66 |
| Actual Gross Rent: | $ 2,500 |
Structure
| Community Features: | Sidewalks, Street Lights |
| Style: | Modern |
| Sewer: | Public Sewer |
| View Description: | City Lights |
| Water: | Public |
Land & Parking
| Zoning: | LAR3 |
| Land Lease Type: | Fee |
| Parking Garage: | Garage, Uncovered |
| Total Parking: | 12 |
Interior
| Cooking Appliances: | Microwave, Oven-Electric, Range |
| AC/Cooling: | Central |
| Equipment: | Dishwasher, Dryer, Dryer Included, Electric Dryer Hookup, Hookup - Electric, Inside, Microwave, Refrigerator, Washer, Washer Hookup, Washer Included |
| Heating: | Central |
| Fireplace Rooms: | None |
| Laundry: | Dryer, Dryer Included, Electric Dryer Hookup, Hookup - Electric, Inside, Washer, Washer Hookup, Washer Included |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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