956 N Kingsley Drive, Hollywood, California 90029, Hollywood, 90029 - bed, bath

956 N Kingsley Drive, Hollywood, California 90029 home-pic-0
ACTIVE$3,799,000
956 N Kingsley Drive, Hollywood, California 90029
0Bed
0Bath
8,278Sqft
7,681Lot
Year Built
2025
Close
-
List price
$3.8M
Original List price
$3.8M
Price/Sqft
$459
HOA
-
Days on market
-
Sold On
-
MLS number
BB25098054
Home ConditionExcellent
Features
Good View: City Lights, Neighborhood
ViewCity Lights,Neighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $3.80M(83th), sqft - 8278(83th), beds - undefined(50th), baths - undefined(50th).

956 N Kingsley Dr is a FULLY LEASED, non rent controlled, brand new construction 6-unit with the most impressive unit mix you’ll find! With three 4 bedroom units and three 3 bedroom units, this gorgeous 2025 construction will be delivered fully leased at an annual rent of $300,000, making for stabilized cap rate of 6.55%. TOTAL CASH COW! Don’t keep your money in the bank- invest in stable Los Angeles real estate with REAL cash flow. 956 N Kingsley is located in trendy Virgil Village, 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.

Condition Rating
Excellent

This property is a brand new construction, built in 2025, as explicitly stated in the listing and confirmed by the images. All components, including the kitchens and bathrooms, are new and feature modern designs with high-quality finishes such as white flat-panel cabinetry, quartz countertops with waterfall islands, stainless steel appliances, tiled showers with glass enclosures, and contemporary wood-look flooring throughout. The lighting is modern recessed, and there is no evidence of wear, tear, or deferred maintenance, meeting the criteria for an 'Excellent' condition score.
Pros & Cons

Pros

Brand New Construction & Low Maintenance: Built in 2025, this property offers a 1-year builder's warranty and promises minimal maintenance, significantly reducing immediate operational costs and tenant turnover risks.
Strong Cash Flow & High Cap Rate: Delivered fully leased with an annual rent of $300,000 and a stabilized cap rate of 6.55%, indicating a robust and immediate return on investment.
Prime & Desirable Location: Located in trendy Virgil Village, minutes from Hollywood, Los Feliz, Larchmont Village, and Silver Lake, offering excellent walkability and high renter demand.
Impressive Unit Mix & Modern Amenities: Features a desirable mix of three 4-bedroom and three 3-bedroom units, all equipped with high-end finishes, en-suite bathrooms, high ceilings, and balconies, appealing to a wide tenant base.
Non-Rent Controlled & Separate Utilities: As a non-rent controlled property in Los Angeles, it offers greater flexibility for rent adjustments, complemented by separate meters for gas, water, and electric, simplifying expense management for the owner.

Cons

Unit Count Discrepancy: The property is described as a '6-unit' in the description but listed as a 'Quadruplex' (4-unit) in the sub_type, which requires immediate clarification for zoning, financing, and legal compliance.
Lack of Mentioned Parking: The property details do not specify parking availability, which is a critical amenity and potential challenge for a multi-unit residential building in a dense urban area like Hollywood.
High Entry Price Point: The list price of $3.799 million represents a substantial capital outlay, potentially narrowing the buyer pool to only high-net-worth investors or institutional funds.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state