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4530 Kingswell Ave, Los Angeles, CA 90027

List Price: $1,995,000On Market FlagOn market
Nov 13, 20242,199 sqft7 beds7 baths
Listed by: Ken Shapiro
License #: 01715663
Phone #: 213-250-4404
Silverwood Properties
Source:
CRMLS Logo
MLS #: 24463049

Property Description

Get ready to feast your eyes on what is, arguably, one of the most attractive multi-family properties in all of Los Feliz. All units will be delivered vacant by end of February! Seller will lease back the units until then. And, lest you think the pro forma rents are too high for units of this size, consider the following: a) these 'units' are each detached bungalows, i.e., no common walls. Each of them acts and feels like small single family residences b) the two smaller units each have their own private dedicated yard, an almost unheard of amenity for a multi-family. c) each unit is air conditioned, has in-unit laundry and full-on kitchen appliances, including dishwasher. d) each unit has its own parking; the 4 bed has 4 car tandem parking! e) this property has awesome walkability - walking distance to both Hillhurst and Vermont, yet far enough away from either of them to be in a tranquil space. For the uninitiated, Hillhurst and Vermont between Hollywood and Los Feliz Blvd are two of the most popular walking streets on the East Side, chock full of great restaurants of all types and kinds, including Jeni's Splendid Ice Cream shop, and even the venerable Los Feliz movie theater. f) The units can come fully furnished if the buyer so desires and g) the units have been renovated to a very high quality inside and out, and are just plain beautiful. Incidentally, the current owner has had great success renting these units on a monthly basis. He is quite happy to walk you through what he has been doing. If you are interested in following in his footsteps you can increase those pro forma rents by about $1200. Great for an owner-user or for an investor. Come and make it yours.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$28,680

TurboHome Estimated Value

$1,953,500

$888 sqft

High Valuation
$2,051,175
$933/sqft
Normal Valuation
$1,953,500
$888/sqft
Low Valuation
$1,855,825
$844/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$888/sqft$1,953,500

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