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724 N Kingsley Drive

Los Angeles, CA 90029

– beds
– baths
– sqft
8,774 sqft lot
2024 build
– on site

More homes

724 N Kingsley Dr is a massive new construction 6-unit (5 + large ADU) with the most impressive unit mix you’ll find! With two 5 bedroom units and four 4 bedroom units, this gorgeous 2024 construction is predicted to bring in an annual rent of $332,400, making for a pro forma cap rate of 6.07%. TOTAL CASH COW! Don’t keep your money in the bank- invest in stable Los Angeles real estate with high cash flow. 724 N Kingsley is located in trendy Melrose Hill, minutes from the heart of Hollywood, Los Feliz, Larchmont Village and Silver Lake! Walk down the street to countless neighborhood destinations on both Melrose and Santa Monica Blvd. You will find noteworthy features including, but not limited to: bedrooms with en-suite bathrooms, high ceilings, open floor plan living room/kitchen areas, huge walk in closets, balconies, large windows allowing for maximum light, built in storage throughout, designer tiles, modern cabinets, natural wood water proof vinyl, and more. In addition to the unbeatable return and massive units, buyers will enjoy other notable perks including: a 1-year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come.

Listed By CRMLS_CA / Elizabeth Maddox / Myunits.com Inc. / 818-850-8485

Last checked: Checking… • Last updated Feb 12, 2025 •

MLS# BB24178105 —

The Building

Year Built:

2024
Year Built Source:

Builder
New Construction:

Yes
Building Area Total:

9249.00
Building Area Units:

Square Feet
Total Number Of Units:

6
# of Buildings:

3
Architectural Style:

Modern
Stories Total:

3
Entry Level:

1
Common Walls:

1 Common Wall
Faces:

West
Green Verification:

1
# of Separate Gas Meters:

6
# of Separate Water Meters:

6
# of Separate Electric Meters:

7

Interior

Features:

Balcony
Levels:

Three Or More
Entry Location:

1
Flooring:

Vinyl
Room Type:

Kitchen, Living Room
Fireplace:

No
Fireplace:

None
Laundry:

Dryer Included, Electric Dryer Hookup, Inside, Washer Hookup, Washer Included
Laundry:

1

Location

Directions:

Located just North of Melrose Ave on the East side of Kingsley Dr.
Latitude:

34.08431400
Longitude:

-118.30243600

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Property Condition:

Turnkey
Zoning:

LARD1.5
Lot Features:

Landscaped
Lot Size Area:

8774.0000
Lot Size Acres:

0.2014
Lot Size SqFt:

8774.00
Lot Size Source:

Assessor
View:

1
View:

City Lights, Neighborhood
Road Frontage:

City Street
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

1916.10
Tax Area:

67
Tax Tract:

CHAS
Tax Lot:

65
Tax Annual Amount:

50315.00

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5535036021

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Utilities

Sewer:

Public Sewer
Electric:

Standard
Water Source:

Public

Appliances

Appliances:

Dishwasher, Electric Oven, Freezer, Gas Range, Microwave, Refrigerator, Tankless Water Heater
Included:

Yes

The Community

Features:

Curbs, Sidewalks
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None

Parking

Parking Spaces:

8.00
Garage Spaces:

4.00
Uncovered Spaces:

4.00

Extra Units

Number With Dishwasher:

6
Number With Refrigerator:

6

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
12/9/24 Dec 9, 2024	Listed / Active	BRIDGE
8/28/24 Aug 28, 2024	Listed / Active	CRMLS_CA	$4,195,000	179.7% (72.2% / YR)
10/24/22 Oct 24, 2022	Price Changed	CRMLS_CA

Multifamily Sold on 2/12/2025

$3,832,000

Listing provided by broker:

Elizabeth Maddox

Myunits.com Inc.

818-850-8485

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Listing Courtesy of: CRMLS_CA and Myunits.com Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 19:50 on Feb 22.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

724 N Kingsley Drive

Los Angeles, CA 90029