116 Kings, Los Angeles, CA 90048
Local realty services provided by:ERA North Orange County Real Estate
116 Kings,Los Angeles, CA 90048
$1,895,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: cameron samimi
Office: lyon stahl investment real estate, inc.
MLS#:SB26159535
Source:MLSListings
Price summary
- Price:$1,895,000
About this home
116 S Kings Rd presents a rare Beverly Grove value-add opportunity just south of Beverly Blvd and west of La Cienega, surrounded by some of LA’s strongest rental demand drivers including 3rd Street, The Grove, Cedars-Sinai, West Hollywood, and Beverly Hills. The property is comprised of spacious townhouse-style units, totaling approximately 3,460 rentable square feet, and offers a desirable low-density layout with private entrances and strong long-term tenant appeal. The asset is fully occupied and provides stable in-place income, while still offering significant upside through rent repositioning. Current scheduled rents are approximately $8,493/month compared to projected rents of approximately $20,400/month, creating substantial future income growth in one of Los Angeles’ most sought-after rental submarkets. Situated on a 7,000+ SF LAR3-zoned lot, the property offers the potential to add up to 3 ADUs (buyer to verify), providing investors with a clear opportunity to increase cash flow and maximize long-term value. For investors seeking a larger redevelopment or expansion opportunity, the neighboring property may also be available for purchase, creating the potential for an assemblage and a larger-scale development strategy in a premier Beverly Grove location. Buyer to ver...
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Home facts
- Year built:1937
- Listing ID #:SB26159535
- Added:46 day(s) ago
- Updated:September 06, 2026 at 04:31 PM
Structure and exterior
- Year built:1937
- Lot area:0.16 Acres
- Lot Features:Mid Block
Utilities
- Water:District - Public
Finances and disclosures
- Price:$1,895,000
Parking
- Parking description:Garage, Uncovered Parking
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