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$ 6,850,000
Est. payment | /mo
21 Beds
21 Baths
11,216 SqFt
$ 6,850,000
Est. payment | /mo
21 Beds
21 Baths
11,216 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 11,216 sqft
Price per Sqft $610
MLS Listing ID 26873355
Bedrooms 21
HOA Y/N No
Year Built 1989
Lot Size 6,756 Sqft
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 C17 - Mid-Wilshire
Zoning LAR4
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Total Parking Spaces 21
Building
Story 3
Entry Level Three Or More
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 5093021012
Special Listing Condition Standard
Listed by Kyong Starrett New Star Realty #01762611
Nearby Locations
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303 North Glenoaks Boulevard #255, Burbank, CA 91501, USA