Samimi CRE Advisors
    Listings/110 S Kings Rd
    110 S Kings Rd - Photo 1
    multifamilyActive Listing

    110 S Kings Rd

    Los Angeles, CA 90048

    Valuation

    $2,475,000

    Key Specifications

    Total Units

    3

    multifamily

    Year Built

    1937

    Heritage Asset

    Interior

    4,826 SF

    $513 / SF

    Lot Area

    7,026 SF

    Unit Mix

    multifamily

    1x 2-Bed/2-Bath, 2x 3-Bed/2-Bath

    Investment Highlights

    3-unit multifamily asset in Los Angeles, built in 1937
    Priced at a 12.59 GRM and 6.34% current cap rate
    49.56% rental upside to pro forma rents
    Unit mix of (1) 2+2 (2) 3+2
    Subject to LA RSO rent control
    6 on-site parking spaces

    Property Overview

    110 S Kings Rd presents a compelling 3-unit multifamily investment opportunity located in Los Angeles, CA 90048. Offered at $2,475,000, this property reflects an attractive 6.34% current cap rate and a 12.59 GRM. A significant value-add potential is highlighted by pro forma rents indicating a 49.56% increase in scheduled income. Constructed in 1937, the property spans approximately 4,826 square feet on a generous 7,026 square foot lot. The unit mix consists of one 2-bedroom, 2-bathroom unit and two 3-bedroom, 2-bathroom units, complemented by 6 on-site parking spaces. This asset is subject to LA RSO rent control. Strategically positioned in a desirable Los Angeles neighborhood, 110 S Kings Rd benefits from its proximity to major employment centers, vibrant retail corridors, and convenient transit options. The local rental market is characterized by consistent demand and a strong potential for long-term appreciation, making this an excellent investment for those seeking to capitalize on Los Angeles' robust real estate market.