709 S Kingsley Drive, Los Angeles, CA 90005
- $6,850,000
- 21
- BD
- 21
- BA
- 11,216
- SqFt
- List Price
- $6,850,000
- Status
- ACTIVE
- MLS#
- 26873355
- Year Built
- 1989
- Bedrooms
- 21
- Bathrooms
- 21
- Living Sq. Ft
- 11,216
- Lot Size
- 6,758
- Acres
- 0.16
- Days on Market
- 26
- Property Type
- Multifamily
- Stories
- Three Or More Levels
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.
Additional Information
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Attached Structure
- Detached
- Number Of Units Total
- 15
Listing courtesy of Listing Agent: Kyong Starrett (KYONGSTARRETT@NEWSTARREALTY.COM) from Listing Office: New Star Realty.
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