110 S Kings Rd Los Angeles, CA 90048
7,021 Sqft Lot
Open House
Sat Aug 29, 11:00am - 2:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26184097
HOA Y/N No
Year Built 1936
Lot Size 7,021 Sqft
Property Sub-Type Triplex
Property Description
Offered at $2,475,000, the property is currently operating at an attractive 6.34% CAP Rate and 12.59 GRM—unusually strong metrics for a prime 90048 location. The property consists entirely of townhome-style units, with a unit mix of two 3-bedroom/2-bath residences and one 2-bedroom/2-bath residence.
Most importantly for an owner-user, one of the 3-bedroom, 2-bath townhomes is currently vacant and available for immediate occupancy. A buyer can move directly into a substantial residence while collecting income from the other two townhome units.
Strong Income Today — Significant Upside Tomorrow
The property generates approximately $196,572 in annual scheduled gross income, producing approximately $156,849 of current NOI and the aforementioned 6.34% current CAP Rate. The Offering Memorandum projects approximately 49.56% rental upside, with pro forma income of approximately $294,000 annually.
The property sits on an approximately 7,026-square-foot lot and is zoned LA R3, creating an additional layer of value beyond the existing income stream.
The site also offers the potential to add three ADUs, creating an opportunity to significantly increase unit count, income and overall property value while retaining the existing townhome residences. Any ADU or redevelopment potential should be independently verified by the buyer with the City of Los Angeles and appropriate land-use professionals.
A True Owner-User + Investment Opportunity
6.34% Current CAP Rate
12.59 Current GRM
Three Townhome-Style Units
Vacant 3-Bedroom / 2-Bath Townhome
Massive 4,826 SF of Existing Building Area
Approximately 7,026 SF Lot
Potential for Three Additional ADUs
Six On-Site Parking Spaces
Located just moments from Beverly Hills, West Hollywood, The Grove, Original Farmers Market, Beverly Center, Cedars-Sinai, Melrose Avenue and some of Los Angeles' premier dining and shopping, 110 S. Kings Road gives a buyer the ability to live in a spacious three-bedroom townhome, collect substantial rental income, and control a sizeable R3-zoned parcel with additional development upside.
Live in one. Collect income from two. Potentially build three more.
At a 6.34% CAP Rate and 12.59 GRM in the heart of 90048, this is a compelling combination of lifestyle, current cash flow and future upside.
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Interior
Fireplace No
Laundry Laundry Closet, In Kitchen, Outside
Exterior
Pool None
Community Features Street Lights, Suburban, Sidewalks
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5511016003
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Virtual Tour https://my.matterport.com/show/?m=nn3KZfWSv6q
