13
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$1,895,000
Est. payment /mo
6 Beds
6 Baths
7,026 Sqft Lot
New
116 S Kings Los Angeles, CA 90048
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26159535
Bedrooms 6
Lot Size 7,026 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
116 S Kings Rd presents a rare Beverly Grove value-add opportunity just south of Beverly Blvd and west of La Cienega, surrounded by some of LAs strongest rental demand drivers including 3rd Street, The Grove, Cedars-Sinai, West Hollywood, and Beverly Hills. The property is comprised of spacious townhouse-style units, totaling approximately 3,460 rentable square feet, and offers a desirable low-density layout with private entrances and strong long-term tenant appeal. The asset is fully occupied and provides stable in-place income, while still offering significant upside through rent repositioning. Current scheduled rents are approximately $8,493/month compared to projected rents of approximately $20,400/month, creating substantial future income growth in one of Los Angeles most sought-after rental submarkets. Situated on a 7,000+ SF LAR3-zoned lot, the property offers the potential to add up to 3 ADUs (buyer to verify), providing investors with a clear opportunity to increase cash flow and maximize long-term value. For investors seeking a larger redevelopment or expansion opportunity, the neighboring property may also be available for purchase, creating the potential for an assemblage and a larger-scale development strategy in a premier Beverly Grove location. Buyer to verify all development potential.
Location
State CA
County Los Angeles
Zoning Assessor
Direction From the 10 Freeway, exit La Cienega Blvd. Head north on La Cienega Blvd, turn left on W 3rd St, then turn right on S Kings Rd.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5511016004
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by Cameron Samimi, DRE#02035763 Lyon Stahl Investment Real Estate, Inc.
NEARBY SCHOOL & BUSINESS
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