709 S Kingsley Dr, Los Angeles, CA 90005
709 S Kingsley Dr, Los Angeles, CA 90005
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$ 6,850,000
Est. payment | /mo

21 Beds

21 Baths

11,216 SqFt


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$ 6,850,000
Est. payment | /mo
Save

21 Beds

21 Baths

11,216 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,216 sqft

Price per Sqft $610

MLS Listing ID 26873355

Bedrooms 21

Year Built 1989

Lot Size 6,758 Sqft

Acres 0.1551

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Mid-Wilshire

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Equipment Elevator

Exterior

Parking Features Gated Underground

Garage Spaces 21.0

Building

Story 3

Level or Stories Three Or More

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by New Star Realty

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709 S Kingsley Dr