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1207 S Kingsley Dr - Kingsley 6 Unit Apartment Building Offered at $1,765,942 CAD at a 5.09% Cap Rate Los Angeles, CA 90006
Investment Highlights
- Significant Rent Upside Potential. 7.93% CAP at Market Rent
- Block Away from Loyola High School
- Walking Distances to Restaurants and Shopping
- Dense Population - 88,192 Within 1 Mile Radius. 45,064 Daytime Employees within 1 Mile Radius
Executive Summary
1207 S. Kingsley Drive is a well-maintained 6-unit multifamily investment property situated in the heart of the Koreatown / Mid-Wilshire corridor — one of Los Angeles' most densely populated and sought-after residential submarkets. The property consists of six (6) two-bedroom / one-bathroom units, each approximately 600 SF, on a 5,897 SF LAR3 lot totaling 3,612 SF of rentable building area.
Most units are leased substantially below current market rates, averaging just $1,423/mo against a market rate of $1,950–$2,400/mo for comparable 2-bed units in Koreatown. As leases naturally turn over, each unit represents an immediate opportunity to push rents toward market, improving cash-on-cash returns.
Most units are leased substantially below current market rates, averaging just $1,423/mo against a market rate of $1,950–$2,400/mo for comparable 2-bed units in Koreatown. As leases naturally turn over, each unit represents an immediate opportunity to push rents toward market, improving cash-on-cash returns.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,765,942 CAD | Property Type | Multifamily |
| Price Per Unit | $294,324 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 3,612 SF |
| Cap Rate | 5.09% | No. Stories | 2 |
| Gross Rent Multiplier | 12.58 | Year Built | 1964 |
| No. Units | 6 | ||
| Zoning | LAR3 | ||
| Price | $1,765,942 CAD |
| Price Per Unit | $294,324 CAD |
| Sale Type | Investment |
| Cap Rate | 5.09% |
| Gross Rent Multiplier | 12.58 |
| No. Units | 6 |
| Property Type | Multifamily |
| Lot Size | 0.14 AC |
| Building Size | 3,612 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Zoning | LAR3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $2,245 CAD | 600 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5080-027-002 | Total Assessment | $328,362 CAD |
| Land Assessment | $68,171 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $260,192 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
5080-027-002
Land Assessment
$68,171 CAD
Improvements Assessment
$260,192 CAD
Total Assessment
$328,362 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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1207 S Kingsley Dr - Kingsley
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