4416 KINGSWELL AVE Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90027
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,531 sqft
Price per Sqft $705
MLS Listing ID 25547659
Bedrooms 9
Year Built 1942
Lot Size 6,756 Sqft
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 637 - Los Feliz
Zoning LAR2
Interior
Heating Central
Cooling Central Air
Flooring Tile,Wood
Fireplaces Type None
Laundry Inside,Laundry Closet,Upper Level
Exterior
Exterior Feature Rain Gutters
Parking Features Covered,Door-Single,Garage,Garage Door Opener,Guest,Paved
Pool None
View Y/N Yes
Roof Type Composition
Building
Lot Description Back Yard,Front Yard,Landscaped,Rectangular Lot,Yard
Story 2
Foundation Slab
Sewer Other
New Construction No
Others
Special Listing Condition Standard