956 N Kingsley Dr, East Hollywood
Cash Cow East Hollywood 6-Unit | 5.90% Cap
An ultra-premium NON RENT-CONTROLLED new const. 6-unit located in the trendy Melrose Hill (Hollywood), just minutes from Hollywood/Highland, Los Feliz, Larchmont Village, and Silver Lake! This property features an ideal unit mix of ALL 3 & 4 bedroom units, catering to a variety of high-demand tenants. Boasting high-end finishes, unmatched construction quality, and spacious layouts, and an unheard of projected 5.93% cap rate. Don’t miss out on this exceptional investment opportunity!
The Important
Details
List Price:
Property Type:
Status:
# Units:
Year Built:
Cap Rate:
GRM:
Gross Rent:
Bldg. SF:
Lot SF:
$/SF:
$/Unit:
Unit Mix:
Opportunity Zone:
Parking:
Rent Control:
$3,999,000
6-Unit
For Sale
6
2025
5.90%
12.92
$309,600/Year (Pro Forma)
8,278 sqft
7,681 sqft
$483.09
$666,500
1 x 4b/4b, 2 x 4b/3b, 3 x 3b/3.5b
No
4 Garage Spaces, 8 Parking Spaces
No
Other Features:
Excellent 5.90% Projected Cap Rate, 12 Parking Spaces!
The Highlights
MAJOR CASH COW! Out of this world pro forma cap rate of 5.90%!
Ideal unit mix consisting of ALL three and four 4 bedroom units!
Property comes fully loaded with premium kitchen appliances, washers + dryers. Totally turnkey!
UNHEARD OF price per door of $699,500! This is a price per door you won’t find elsewhere!
Dream 1031 exchange opportunity. Ready to close soon!
12 PARKING SPACES on site! Very rare!
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.
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
<15-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
Contact
Lauren Cearley
213.302.8662
Property Presented By:
