3916-3920 Kentucky Dr - Apartments FOR SALE


Los Angeles, CA 90068
$3,100,000 USD
310-550-2508
3916-3920 Kentucky Dr, Los Angeles, CA for Sale
$3,100,000 USD
Apartments - FOR SALE
1/21
null | 4.82% Cap Rate

3916-3920 Kentucky Dr
Los Angeles, CA 90068


HIGHLIGHTS

  • Exceptional Market Fundamentals | 2024 Average Home Value of $1,481,205 and 2024 Average Household Income of $159,572
  • Excellent Studio City Location | Immediately Adjacent to Universal Studios, Universal City Walk Hollywood, and 101 Freeway
  • ADU Opportunity | Potential Ability to Build 4 Units (To be Verified by Buyer)
  • All One-Bedroom Units | 12 One-Bedroom/One-Bathroom Units
  • ±6,772 Sf Building Size on 12,170 Sf Lot
  • Current Rents ±34% Under Market

OVERVIEW

Constructed in 1958 on a ±12,170 square foot double lot, 3916-3920 Kentucky Drive is a 12-unit multifamily property comprised of two six-unit buildings with a total building size of ±6,772 square feet. The property is separately metered for gas and electric, is serviced by two central water heaters, and offers new landscaping, controlled intercom entry, an on-site laundry facility, and 12 uncovered parking spaces. 3916-3920 Kentucky Drive boasts an ideal unit mix of all one-bedroom/one-bathroom units. Units offer hardwood and tile flooring, gas stoves, refrigerators, ceiling fans, and wall units for heating and cooling. Further, 3916-3920 Kentucky Drive offers additional value-add potential via the undeveloped hillside at the rear of the property which may accommodate up to 4 ADUs (buyer to verify).

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$458 USD /SF

# OF UNITS

12

PRICE/UNIT

$258,333

CAP RATE

4.82%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Excellent Studio City Location | 12 Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,170 SF

ZONING

RD1.5, Los Angeles

APN/PARCEL ID

2425-002-027,2425-002-028

ASK ABOUT THIS PROPERTY

Priscilla NeeCBRE, Inc.More Info
310-550-2508

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Priscilla NeeCBRE, Inc.More Info
310-550-2508

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.