809 N Kingsley Dr, Los Angeles, CA 90029
Brand New Construction – Fully Rented for $10,900/month, No Rent Control – $2,100,000
Central Hollywood Location – West of the 101 and North of Melrose. Close to downtown and all that Hollywood has to offer.
This is an investment opportunity. Off Market. Not on MLS.
4-Plex with No Rent Control.
Each unit is 3 bedrooms and 2 bathrooms.
Square feet per unit: 1,250
Building Square Feet: 5,000
Total Actual Rent: $10,900 (Two upper units rented for $2,750, two lower units rented for $2,700). Leases began one month ago and are for 1 year.
Total Expenses: $80/month. Minimal Landscaping (New Construction)
Capitalization Rate: 6%
Do Not Disturb Tenants.
Contact Yamile Pittol or Sierus Erdelyi for more information.