4416 KINGSWELL AVE Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90027
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,531 sqft
Price per Sqft $705
MLS Listing ID 25547659
Style Contemporary
Bedrooms 9
Construction Status Updated/Remodeled
Year Built 1942
Lot Size 6,756 Sqft
Acres 0.1551
Property Sub-Type Multi-Family
Property Description
High revenue producing Income property with strong rental profile and low operating costs. Situated in a high demand neighborhood with immediate access to Los Feliz Village; shopping, eateries. and services. Unique opportunity to purchase a building that will be receiving high market rent. The last unit is currently listed for lease (lease price $6490.00) and will be available for occupancy after 01 July. The front unit, which is shown in photos and has a private enclosed patio, will be vacant starting on 01 August and the lease price will be $6380.00. In 2017 this building finalized a complete, ground up, new construction overhaul. This includes every system and all aesthetic modern finishes. Lessees have convenience of modern appliances, convenient laundry closet upstairs, and bedroom/ bath elements in great condition. Each unit has their own outdoor privacy space. All garages are private, with direct entrance into home. Last unit in back has a generous 2 car garage, as well as expanded Master Suite, w/ hidden and private backyard patio area. Close to everything, yet tucked quietly on a quiet residential street. Difficult to find a similar property with only 3 units that generates $18,600.00 monthly. Building suits the needs of owner/user practicality or individuals needing a strong 1031 fulfillment. All units are in excellent condition and maintenance costs are far below average of most all other income property in neighborhood. Combining all needs on the residential income checklist of location, proof of strong rental stability and easy maintenance.
Location
State CA
County Los Angeles
Area Los Feliz
Zoning LAR2
Rooms
Other Rooms None
Dining Room 0
Kitchen Granite Counters, Island
Interior
Interior Features Open Floor Plan, Turnkey, High Ceilings (9 Feet+), Recessed Lighting, Tandem
Heating Central
Cooling Central, Air Conditioning
Flooring Hardwood, Tile
Fireplaces Type None
Equipment Dishwasher, Dryer, Washer, Ice Maker, Garbage Disposal, Freezer, Range/Oven, Refrigerator, Hood Fan, Gas Or Electric Dryer Hookup, Built-Ins
Laundry In Closet, In Unit, Inside, On Upper Level
Exterior
Parking Features Garage - 1 Car, Garage Is Attached, Covered Parking, Parking for Guests, Door Opener, Driveway - Pavers, Driveway Gate, Attached
Garage Spaces 4.0
Pool None
Waterfront Description None
View Y/N Yes
View Other, Walk Street
Roof Type Composition
Building
Lot Description Back Yard, Yard, Lot Shape-Rectangular, Lot-Level/Flat, Street Lighting, Walk Street, Automatic Gate, Single Lot, Landscaped, Gutters, Storm Drains, Fenced Yard, Front Yard, Exterior Security Lights
Story 2
Foundation Slab
Sewer In Street
Water Meter on Property
Architectural Style Contemporary
Level or Stories Two
Structure Type Stucco
Construction Status Updated/Remodeled
Others
Special Listing Condition Standard