1758 N Kingsley Dr, Los Angeles, CA 90027
About the Property
1758 N Kingsley Dr is an 8-unit Los Feliz multifamily property located one-half block south of Franklin Ave, positioned between Vermont Ave, Hillhurst Ave, and Thai Town. This stretch of Los Feliz continues to attract steady renter demand due to its walkability, neighborhood retail, and direct access to dining, nightlife, and daily services along Franklin and Vermont.
The property sits on a residential street while remaining minutes from multiple Eastside hubs, giving tenants convenience without sacrificing a quieter living environment.
Duplex Front With 1987 Rear Building Subject Only to AB 1482
The property is configured with a front duplex and a rear three-story structure. The rear building was constructed in 1987 and includes 6 units that are subject only to California’s statewide AB 1482 framework, providing a more flexible rent-growth profile than older Los Angeles assets subject to local rent control.
This two-structure layout also allows for a measured renovation strategy, with separation between buildings that supports phased improvements over time.
Large 2+2 Floor Plans That Fit This Submarket
1758 N Kingsley consists entirely of 2+2 units, each around 1,000 SF, a unit type that continues to perform well in Los Feliz and East Hollywood. These layouts appeal to roommates, couples, and small households seeking functional living space rather than compact one-bedroom product.
The consistency of the unit mix simplifies operations while supporting strong rent potential once interiors are repositioned
Rents Positioned Well Below Renovated Los Feliz Comparables
Current in-place rents at 1758 N Kingsley are roughly 52% below market compared to renovated 2+2 units in the surrounding Los Feliz and East Hollywood area. Renovated comparables nearby continue to lease at materially higher levels, providing a clear and supportable path to rent growth through interior upgrades.
This upside is driven by renovation execution, not speculative assumptions, allowing ownership to capture value as units naturally turn.
Vacant Renovated Unit Showing the Finish Direction
The property includes 1 vacant unit that has already been upgraded with fresh paint, wood flooring, custom cabinetry, and quartz countertops. This unit provides a real-world example of achievable finishes and supports immediate lease-up.
Gated Entry, Covered Parking, and On-Site Laundry
Tenant amenities include a secured, gated entry, covered parking, and a community laundry room, all of which remain meaningful leasing considerations in this portion of the Eastside. These features support tenant retention and operational stability while renovations are implemented.
Central Los Feliz Location Near Franklin, Vermont, and Hillhurst
1758 N Kingsley benefits from proximity to multiple neighborhood corridors, including Vermont Ave, Hillhurst Ave, and Thai Town. Tenants have easy access to grocery, dining, and nightlife options while maintaining quick connections to Hollywood, Silver Lake, and the 101 Freeway. This location has consistently supported leasing activity due to its balance of walkability, centrality, and residential character.
Los Feliz Value-Add Asset With AB 1482 Flexibility
1758 N Kingsley Dr offers a Los Feliz multifamily opportunity defined by large 2+2 floor plans, a two-building configuration, and a meaningful portion of the property built in 1987 and subject only to AB 1482. With rents positioned well below renovated market levels, a vacant upgraded unit, and core amenities in place, the property presents a clear value-add path grounded in layout, location, and execution rather than narrative.
Marketing Package:
Property Location
Sold Price
$4,000,000
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