$2,450,000
924 N Kingsley Drive, Los Angeles CA 90029
Multi-Family
Property type
66 days
On market
$1,883
Price per sqft
0 cars
Garage
1941
Year built
9,660 sqft
Lot size
Open Houses
Overview
3.75% Assumable mortgage! This 8-unit stabilized property offers a prime opportunity to invest in a rapidly growing neighborhood. With 5 recently renovated units, a 6.35 cap, an assumable loan, potential for further expansion --including ADU (Accessory Dwelling Unit) development--this multifamily asset is a strong addition to any real estate portfolio.
Listing provided by: Nabil Suleiman DRE #02004196 661-904-1725, Atlas Elm Realty
Listing updated: Mar 31, 2026 at 08:04pm.
Last checked: Jun 5, 2026 at 12:01am
Source: CRMLS #P1-26497
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| — | 2 | 1 | — | $2,814 | $2,814 | $2,850 | Unfurnished |
| — | 1 | 1 | — | $2,294 | — | $2,450 | — |
| — | 2 | 1 | — | $2,450 | — | $2,850 | — |
| — | 1 | 1 | — | $2,407 | — | $2,450 | — |
| — | 2 | 1 | — | $1,950 | — | $2,850 | — |
| — | 1 | 1 | — | $1,839 | — | $2,450 | — |
| — | 2 | 1 | — | $1,692 | — | $2,850 | — |
| — | 1 | 1 | — | $2,150 | — | $2,450 | — |
# of Buildings: 1
Separate Electric Meters: 8
Separate Gas Meters: 8
Separate Water Meters: 1
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
11.3x
List Price / Annual Gross Rent
Cap Rate
6.35%
NOI / List Price
Gross Scheduled Income: $216,788
Operating Expense: $61,074
Net Operating Income: $155,714
Annual Operating Expenses
Insurance: $4,673
Trash: $2,000
Interior
Fireplace: None
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Common Walls: Two Common Walls Or More, One Common Wall, End Unit
Lot Features: Sprinklers None
Pool: None
Spa: None
Water Source: Public
Sewer: Public Sewer
View: None
Garage and Parking
Parking: Asphalt
Garage Spaces: 0
Uncovered Spaces: 8
Parking Total: 8
Lot Information
Land Lease: No
Parcel #: 8323009005
Tax Lot: 0
Subdivision: Not Applicable
Community
HOA Fee: $0
Senior Community: No
Community Features: Urban
Nearby Schools
Nearby schools around the 924 N Kingsley Drive, Los Angeles, CA 90029. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,960,000
Total Interest
$2,499,872
Total Payment
$4,459,872
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$15,091
per month
Property History for 924 N Kingsley Drive
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90029.
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