Kidder Mathews is proud to present to market, 1800 North Kingsley Drive, a 14-unit Multifamily investment opportunity located in a prime Hollywood location. Originally constructed in 1948, the Property is a striking two-story structure with gated entry and parking, individual hot water heaters in every unit, and almost all new electrical wiring and copper plumbing. The Subject Property has a total unit mix of fourteen one bedroom one bath units.
In 2017, eight out of the fourteen units were extensively renovated with high-end finishes which include the following: new flooring, energy efficient LED lighting, base moldings, and new kitchens featuring quartz countertops, modern cabinetry, glass tile backsplashes and stainless-steel appliances. All of the renovated units have a new wall AC and heat unit along with in-unit stackable washers and dryers. Additionally, the exterior and common areas have been renovated with new landscaping and LED lighting.
1800 North Kingsley Drive is positioned in a prime Hollywood location between Franklin and Hollywood Boulevard, near Los Feliz. New media corporations such as Netflix and Viacom have leased office space nearby, leading to new development projects, hotels and restaurants in the area. Tenants are in close proximity to an array of amenities including entertainment, shopping, and restaurants along with local transportation.
