1757 N Kingsley
Los Angeles, CA, 90027 $ 7,600,000
Baths1.0 Sq 13,168 Monthly Estimate*
$ 47,987
Listed by Mike Marcu, Broker
Studio for $7,600,000 with 1 full bath. This 13,168 square foot home was built in 1968 on a lot size of 0.4156.
The Mogharebi Group is pleased to present the exclusive offering of 1757 N Kingsley Drive, a 27-unit multifamily investment opportunity strategically located at the intersection of Hollywood, Los Feliz and East Hollywood. The property is offered at $7,600,000 and consists of approximately 13,168 rentable square feet on a 0.42-acre lot. Built in 1968, the property features a desirable unit mix heavily weighted toward one-bedroom apartments. The unit mix consists of 20 one-bedroom/one-bath units, six studios and one two-bedroom/one-bath unit. The property is well maintained and partially renovated, with select interiors featuring quartz countertops, stainless steel appliances, designer backsplashes, laminate/hardwood flooring, double-pane windows and modern finishes. The property's earthquake/seismic retrofit has been completed, providing a significant capital improvement for the next owner. Community amenities include a swimming pool and spa, outdoor BBQ/picnic area, controlled-access entry, on-site laundry and 27 parking spaces, providing a 1:1 parking ratio. At the asking price, the offering reflects a 5.32% current/pro forma capitalization rate with approximately 9.8% loss-to-lease, providing an investor with meaningful potential to increase NOI as rents are recaptured. The property was reported at 100% occupancy in the offering financials. The location provides excellent access to the Hollywood/Western Metro station, the 101 and 5 Freeways and major employment and entertainment centers. Nearby employers and institutions include Netflix, Paramount, CBS, Capitol Records, Sunset Bronson Studios, KTLA and LA DWP, while Target, Ralphs, Starbucks, Chase Bank and other daily amenities are within the surrounding walkable neighborhood. 1757 N Kingsley Drive offers investors the opportunity to acquire a well-located Hollywood multifamily asset combining existing cash flow, rental upside, completed seismic improvements, a strong unit mix and long-term investment fundamentals in one of Los Angeles' most established rental submarkets.
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FeaturesGeneralSewer Public Sewer
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Utilities Sewer Connected
Garage Spaces 0
Pool Features Community Fenced
Year Built 1968
Tenant Pays Electricity
Property Subtype Apartment
Gross Income 5423
Community Features Gutter(s) Street Lights Sidewalks Urban Pool
County Los Angeles
Net Operating Income 404301
Operating Expense 229811
Insurance Expense 12000
New Construction false
Property Type Residential Income
MaintenanceExpense 15525
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Hollywood blvd to Kingsley north
City Los Angeles
Entry Location 1
Senior Community Y/N false
Open Parking Spaces 15
Number Of Units Total 27
MLS Area C20 - Hollywood
Lot Size Units Square Feet
Lot Size Square Feet 18102
Carport Spaces 12
Carport Y/N true
Listing Terms Cash Cash to New Loan
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 1859
Fuel Expense 5500
Trash Expense 10000
Water Sewer Expense 17500
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 12
Property Sub Type Additional Apartment
Taxes 93088
Cap Rate 5.32
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InteriorTotal Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Common Area
Entry Level 1
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ExteriorParking Features Assigned
Lot Features Over 40 Units/Acre
Water Source Public
Total Parking 27
Lot Size Area 18102
Number of Buildings 1
Building Area Total 13168
Lot Size Acres 0.4156
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
Pool Charge 3000
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 27
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $47,987
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,853,287
Percent of Sale Price 76%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/28/2026 | $7,600,000 | | Listed Price |