116 S Kings Rd Los Angeles, CA 90048
Beverly Grove NeighborhoodEstimated payment $11,489/month
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 verify all development potential.
Listing Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-259-7556 License #02035763 Listed on: 07/22/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1937
Lot Details
- 7,026 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Parking
- 4 Car Garage
- 3 Open Parking Spaces
- Parking Available
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 3,460 Sq Ft Home
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tax Lot 59
- Tax Tract Number 10389
- Assessor Parcel Number 5511016004
- $582 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 3 Units
Amenities
- Laundry Facilities
Building Details
- 3 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $3,460
- Maintenance Expense $1,800
- Water Sewer Expense $3,000
- New Taxes Expense $23,688
- Operating Expense $31,948
- Gross Income $104,316
- Net Operating Income $72,369
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $12,413 | $2,218,500 | $1,555,500 | $663,000 |
| 2025 | $12,413 | $996,431 | $724,158 | $272,273 |
| 2024 | $12,272 | $976,894 | $709,959 | $266,935 |
| 2023 | $12,043 | $957,740 | $696,039 | $261,701 |
| 2022 | $11,497 | $938,962 | $682,392 | $256,570 |
| 2021 | $11,343 | $920,552 | $669,012 | $251,540 |
| 2019 | $11,010 | $893,250 | $649,170 | $244,080 |
| 2018 | $10,878 | $875,737 | $636,442 | $239,295 |
| 2016 | $10,385 | $841,732 | $611,729 | $230,003 |
| 2015 | $10,235 | $829,090 | $602,541 | $226,549 |
| 2014 | $10,284 | $812,851 | $590,739 | $222,112 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/22/2026 07/22/26 | For Sale | $1,895,000 | -- | $548 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Grant Deed | -- | Old Republic Title Company | |
| Grant Deed | $2,175,000 | Old Republic Title Company | |
| Grant Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | First American Title Co | |
| Grant Deed | $688,000 | First American Title Co |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,631,250 | New Conventional | |
| Previous Owner | $423,000 | New Conventional | |
| Previous Owner | $424,251 | New Conventional | |
| Previous Owner | $150,000 | Credit Line Revolving | |
| Previous Owner | $499,300 | Purchase Money Mortgage |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB26159535
APN: 5511-016-004
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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