116 S Kings,Los Angeles, CA 90048
Los Angeles, CA 90048
Description
116 S Kings Rd presents a rare Beverly Grove value-add opportunity just south of Beverly Blvd and west of La Cienega, surrounded by some of LA’s strongest rental demand drivers including 3rd Street, The Grove, Cedars-Sinai, West Hollywood, and Beverly Hills. The property is comprised of spacious townhouse-style units, totaling approximately 3,460 rentable square feet, and offers a desirable low-density layout with private entrances and strong long-term tenant appeal. The asset is fully occupied and provides stable in-place income, while still offering significant upside through rent repositioning. Current scheduled rents are approximately $8,493/month compared to projected rents of approximately $20,400/month, creating substantial future income growth in one of Los Angeles’ most sought-after rental submarkets. 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 a premier Beverly Grove location. Buyer to verify all development potential.
Details
| MLS # | SB26159535 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1937 |
| Days On Site | 55 |
| Listing Provided By | Lyon Stahl Investment Real Estate, Inc. | Cameron Samimi |
Features
| SQ Feet | 3,460 |
|---|---|
| Garage | 4 |
| Story(s) | 2 |
| Units | 3 |
| Building(s) | 2 |
| Acreage | 0.16 |
Exterior
| Lot Features | Two To Five Units Acre |
|---|
Parking
| Parking Features | Garage, Uncovered |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Sidewalks, Urban |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90048 |
| Area | C19 Beverly Center Miracle Mile |
| Listing VS Median (in 90048) | |
Price: $1,895,000 low | high Med: $1,975,000 sqft: 3,460 low | high Med: 5,684 $ / sqft: $548 low | high Med: $347 On site: 55 low | high Med: 14 | |
Market Activity 90048
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90048 |
| Area | C19 Beverly Center Miracle Mile |
| Listing VS Median (in 90048) | |
Price: $1,895,000 low | high Med: $1,975,000 sqft: 3,460 low | high Med: 5,684 $ / sqft: $548 low | high Med: $347 On site: 55 low | high Med: 14 | |