724 N Kingsley Dr is a massive new construction 6-unit (5 + large ADU) with the most impressive unit mix you’ll find! With two 5 bedroom units and four 4 bedroom units, this gorgeous 2024 construction is predicted to bring in an annual rent of $332,400, making for a pro forma cap rate of 6.07%. TOTAL CASH COW! Don’t keep your money in the bank- invest in stable Los Angeles real estate with high cash flow.
724 N Kingsley is located in trendy Melrose Hill, 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.
Sold for $3,832,000
Listed by: Myunits.com Inc. • Elizabeth Maddox • Contact: 818-859-7242
Bought with: Keller Williams Beverly Hills
$3,832,000
724 N Kingsley Dr, Los Angeles, CA 90029
26beds
22baths
9,249sqft
Quadruplex
Built in 2024
-- sqft lot
$3,742,200 Zestimate®
$414/sqft
$2,934 Estimated rent
Home value
$3,742,200
$3.37M - $4.15M
$2,934/mo
Zestimate® history
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$2,934/mo
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$24,151/mo
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Zillow last checked:
Listing updated:
Listed by:
Elizabeth Maddox DRE #01921425 818-850-8485,
Myunits.com Inc.,
Ian Maddox DRE #02030205,
Myunits.com Inc.
Bought with:
Jonathan Tran, DRE #01899843
Keller Williams Beverly Hills
Source: CRMLS,MLS#: BB24178105
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 26
- Bathrooms: 22
Rooms
- Room types: Kitchen, Living Room
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Oven, Freezer, Gas Range, Microwave, Refrigerator, Tankless Water Heater, Dryer, Washer
- Laundry: Washer Hookup, Electric Dryer Hookup, Inside
Features
- Balcony
- Flooring: Vinyl
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 9,249
- Total interior livable area: 9,249 sqft
Property
Parking
- Total spaces: 8
- Parking features: Garage
- Garage spaces: 4
- Uncovered spaces: 4
Features
- Levels: Three Or More
- Stories: 3
- Entry location: 1
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: City Lights, Neighborhood
Lot
- Size: 8,774 Square Feet
- Features: Landscaped
Details
- Parcel number: 5535036021
- Zoning: LARD1.5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Modern
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- Turnkey
- New construction: Yes
- Year built: 2024
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs, Sidewalks
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $414/sqft
- Tax assessed value: $1,591,811
- Annual tax amount: $50,315
- Date on market: 8/28/2024
- Cumulative days on market: 42 days
- Listing terms: Submit
- Total actual rent: 0
- Tenant pays: All Utilities, Trash Collection
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 2/12/2025 | Sold | $3,832,000-8.7%$414/sqft |
Source:  CRMLS #BB24178105 Report a problem | ||
| 12/23/2024 | Pending sale | $4,195,000+133.7%$454/sqft |
Source: CRMLS #BB24178105 Report a problem | ||
| 3/23/2023 | Listing removed | -- |
Source:  CLAW #22-201705 Report a problem | ||
| 10/24/2022 | Price change | $1,795,000-5.3%$194/sqft |
Source: CLAW #22-201705 Report a problem | ||
| 9/21/2022 | Listed for sale | $1,895,000+26.3%$205/sqft |
Source: CLAW #22-201705 Report a problem | ||
| 3/10/2022 | Sold | $1,500,000-3.2%$162/sqft |
Source: Public Record Report a problem | ||
| 1/6/2022 | Contingent | $1,550,000$168/sqft |
Source: CLAW #21-106341 Report a problem | ||
| 11/18/2021 | Listed for sale | $1,550,000+93.8%$168/sqft |
Source:  CLAW #21106351 Report a problem | ||
| 5/11/2007 | Sold | $800,000+400%$86/sqft |
Source: Public Record Report a problem | ||
| 5/6/1998 | Sold | $160,000-10.3%$17/sqft |
Source: Public Record Report a problem | ||
| 12/6/1996 | Sold | $178,356+19.9%$19/sqft |
Source: Public Record Report a problem | ||
| 9/8/1993 | Sold | $148,750$16/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $19,331 +1.4% | $1,591,811 +2% |
| 2024 | $19,064 +2% | $1,560,600 +2% |
| 2023 | $18,697 +54.3% | $1,530,000 +51.5% |
| 2022 | $12,115 +1.3% | $1,009,997 +2% |
| 2021 | $11,957 -1% | $990,195 +1% |
| 2020 | $12,078 | $980,043 +2% |
| 2019 | $12,078 +4.7% | $960,827 +2% |
| 2018 | $11,538 | $941,989 +2% |
| 2017 | $11,538 +2.2% | $923,520 +2% |
| 2016 | $11,289 +2.4% | $905,412 +1.5% |
| 2015 | $11,022 +1.1% | $891,812 +2% |
| 2014 | $10,905 | $874,343 +2.5% |
| 2012 | -- | $853,328 +2% |
| 2011 | -- | $836,598 +0.8% |
| 2010 | -- | $830,346 -0.2% |
| 2009 | -- | $832,320 +2% |
| 2008 | -- | $816,000 +197.7% |
| 2007 | -- | $274,106 +2% |
| 2006 | -- | $268,733 |
| 2005 | -- | $268,733 +4% |
| 2004 | -- | $258,300 +1.9% |
| 2003 | -- | $253,567 +2% |
| 2002 | -- | $248,596 +4% |
| 2000 | -- | $238,945 |
Find assessor info on the county website
Neighborhood: Hollywood
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Nearby schools
GreatSchools rating
- 8/10Alexandria Avenue Elementary SchoolGrades: K-5Distance: 0.5 mi
- 3/10Joseph Le Conte Middle SchoolGrades: 6-8Distance: 1.1 mi
- 3/10Helen Bernstein High SchoolGrades: 9-12Distance: 1 mi
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Estimated market value
$3,742,200
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Estimated market value
$3,742,200
- California
- Los Angeles County
- Los Angeles
- 90029
- Hollywood
- 724 N Kingsley Dr
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