709 S Kingsley Dr

Los Angeles CA 90005

11216 sq. ft.

6758 sq. ft.

Other

Currently for sale - view listing

Overview

New Star Realty is pleased to present an exclusive multifamily investment opportunity at 709 S Kingsley Drive, a highly desirable 15-unit asset strategically located in the heart of Central Los Angeles. This exceptionally maintained building features premium tenant amenities, including a passenger elevator and secure subterranean parking. Since acquiring the asset in 2018, the current ownership has executed substantial building-wide capital improvements and extensive interior remodels across the units. Operational efficiency is optimized as 14 of the 15 units have been upgraded to modern central heating and air conditioning, each apartment is individually metered, and the property requires no on-site manager. This turnkey offering delivers immediate, low-overhead stability alongside clear, proven upside to further maximize rental income in a high-demand rental market.

Features

21 bedrooms

21 bathrooms

21 carspaces

11216 sq. ft. floor area

6758 sq. ft. lot size

Other

Property history for 709 S Kingsley Dr

2018

Sold

$5,300,000

26 Mar 2018 by Luis Rhee, of Metis Real Estate

2013

Sold

$540,320

13 Sep 2013

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