809 N Kingsley, Los Angeles 90029

     

    809 N Kingsley Dr, Los Angeles, CA 90029

     

    2016-04-142016-04-14 (7)

     

     

    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.

    (310) 383-4640.

    (818) 219-3899

    sierus@trulinerealty.com

    yamile@trulinerealty.com