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724 N Kingsley Dr

Hollywood 
6-Unit

An ultra-premium new construction 6-unit in Melrose Hill (Hollywood), minutes from Hollywood/Highland, Los Feliz, Larchmont Village and Silver Lake! High-end finishes, unmatched construction quality, and an unheard of 5.89% projected cap rate!

List Price:
Cap Rate:
GRM:
Bldg. Size:
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Highlights:

$4,495,000
5.89% (pro forma)
13.19 (pro forma)
9,249 sqft
2x5b/5b
1x4b/4b + Den
1x4b/4b
2x4b/2b
5.89% projected cap rate
Cash cow
Spacious, well designed units
Unbeatable unit mix
Hollywood sign views
Separately metered utilities
Super low maintenance
Designer home finishes
12 parking spots
High demand rental market
Washer/dryers included
Massive lot
Sleek exterior siding

 

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The Neighborhood

< 15-Minute Walk

Los Angeles City College, Sqirl, Courage Bagels, California Grill, Melody, KinKan LA, Bolita, Alma's Cider & Beer, Voodoo Vin, Maison Matho, The Peace Center Gym, El zarape Melrose, Bar Latino Tully's Coffee Big Mama's & Papa's Pizzeria, It’s Boba Time

< 10-Minute Drive

Pine and Crane Silverlake, The RubyFruit, Millie's Café,
Bacari, Silver Lake Farmers Market, 33 Taps Silver Lake, Bar Moruno, Kitsune, Intelligentsia Coffee Silver Lake Coffeebar, 4100 Bar, La Colombe Coffee Roasters, Bowery Bungalow, The Virgil, Akbar

< $15 Uber Ride

Hollywood Bowl, Griffith Observatory, Paramount Pictures Studio, Hollywood Walk of Fame, Runyon Canyon Park, Universal Studios, Griffith Park, Sunset Junction, Vermont St, Lyric Hyperion Theater & Bar, Intelligentsia Coffee Silver Lake Coffeebar, 4100 Bar, La Colombe Coffee Roasters

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Submit your offers now!

  • MAJOR CASH COW! Out of this world pro forma cap rate of 5.89%!

  • Unbeatable unit mix consisting of two 5 bedroom units and four 4 bedroom units.

  • Property comes fully loaded with premium kitchen appliances, washers + dryers. Totally turnkey!

  • UNHEARD OF price per door of $749,167! This is a price per door you won’t find elsewhere! 

  • Dream 1031 exchange opportunity. Ready to close soon!

  • 12 PARKING SPACES on site!

  • All units separately metered for gas, electric AND water! Microscopic expenses!

  • Views of the Hollywood sign and the Griffith Observatory! 

  • Large open floorplans!

  • Outstanding Hollywood (Melrose Hill) location minutes from the heart of Hollywood, Los Feliz, Silver Lake, Larchmont Village, and Koreatown.

  • With SB-8 in effect, less new constructions are being built, making properties like these an even more rare and hot commodity.

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