21-Bedroom Residential Income — 709 S Kingsley Drive, Los Angeles, CA
$6,850,000
709 S Kingsley Drive, Los Angeles, CA
About this property
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.
Property details
Location
709 S Kingsley Drive • Los Angeles, CA 90005
Listed by
Kyong Starrett · New Star Realty
Nearby listings in Los Angeles, CA
- 1427 W 90th Place, Los Angeles, CA · $600,000
- 1530 W 81st Street, Los Angeles, CA · $850,000
- 900 S Wooster Street 2, Los Angeles, CA · $5,495/mo
- 2932 Ledgewood Drive B, Los Angeles, CA · $2,500/mo
- 4917 Orinda Avenue, Los Angeles, CA · $1,199,999
- 4034 Brighton Ave, Los Angeles, CA · $885,000
- 2068 S Hobart Boulevard, Los Angeles, CA · $1,650,000
- 702 Crenshaw Boulevard, Los Angeles, CA · $1,495,000
- 1442 Ellsmere Avenue, Los Angeles, CA · $1,189,000
- 12020 Ocean Park, Los Angeles, CA · $1,699,000
- 333 E 83rd Street, Los Angeles, CA · $525,000
- 751 E 104th Street, Los Angeles, CA · $665,000