Samimi CRE Advisors
    Listings/116 S Kings Rd
    116 S Kings Rd - Photo 1
    multifamilyActive Listing

    116 S Kings Rd

    Los Angeles, CA 90048

    Valuation

    $1,895,000

    Key Specifications

    Total Units

    3

    multifamily

    Year Built

    1937

    Heritage Asset

    Interior

    3,064 SF

    $618 / SF

    Lot Area

    7,026 SF

    Unit Mix

    multifamily

    3x 2-Bed/2-Bath

    Investment Highlights

    Prime Beverly Grove Location – Ideally positioned just south of Beverly Blvd and west of La Cienega, surrounded by trendy restaurants, cafés, and retail along 3rd Street and Beverly Blvd.
    All Townhome-Style Units – Three spacious 2BR/2BA townhome-style units totaling approximately 3,460 square feet.
    Fully Occupied Asset – All units currently leased, providing immediate income with stable in-place tenants.
    Large 7,000+ SF Lot – Expansive parcel allowing for potential ADU additions or long-term redevelopment (buyer to verify).
    Low-Density Property – Efficient layout with private entrances and spacious interiors that attract long-term tenants.

    Property Overview

    116 S Kings Rd presents a rare value-add opportunity in Beverly Grove, a highly sought-after rental submarket in Los Angeles. The property is ideally situated just south of Beverly Blvd and west of La Cienega, surrounded by strong rental demand drivers including 3rd Street, The Grove, Cedars-Sinai, West Hollywood, and Beverly Hills. The asset features spacious townhouse-style units, totaling approximately 3,460 rentable square feet, with desirable low-density layouts, private entrances, and strong long-term tenant appeal. The property is fully occupied, providing stable in-place income, with significant upside potential through rent repositioning. Current scheduled rents are approximately $8,493/month, compared to projected market rents of approximately $20,400/month, indicating substantial future income growth. 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 this premier Beverly Grove location. Buyers are encouraged to verify all development potential.