$6,850,000
 $36,772 est/mo Sourced by Back At You

709 S Kingsley Drive,Los Angeles, CA 90005

Los Angeles, CA 90005

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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.

Details

MLS #26873355
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1989
Days On Site23
Listing Provided ByNew Star Realty | Kyong Starrett

Features

Bed(s)21
Bath(s)21
SQ Feet11,216
Story(s)3
Units15
Building(s)1
ZoningLAR4
Acreage0.16

Interior

CoolingCentral Air
HeatingCentral
Heating Yes / NoYes
Cooling Yes / NoYes

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90005
AreaC17 Mid Wilshire
Listing VS Median (in 90005)
Price:
$6,850,000
low | high
Med:
$2,900,000
100% of Average
sqft:
11,216
low | high
Med:
8,714
72.311875891583% of Average
$ / sqft:
$611
low | high
Med:
$340
94.376292198904% of Average
On site:
23
low | high
Med:
75.5
30.46357615894% of Average
Sourced by Back At You

Market Activity 90005

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Contact

Learn More About This Property

David Hong

David Hong

Coldwell Banker Commercial

02207128 (760) 617-8885david.hong@cbcinland.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90005
AreaC17 Mid Wilshire
Listing VS Median (in 90005)
Price:
$6,850,000
low | high
Med:
$2,900,000
100% of Average
sqft:
11,216
low | high
Med:
8,714
72.311875891583% of Average
$ / sqft:
$611
low | high
Med:
$340
94.376292198904% of Average
On site:
23
low | high
Med:
75.5
30.46357615894% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $5.137M - $8.562M
sqft: 8,000 - 14,000
Nearby Listings Property ImageNearby Listings Details
741 S Hobart Boulevard Property Photo 1
$3,999,000
741 S Hobart Boulevard
Los Angeles, CA 90005
Listing Updated: September 4, 2026 at 1:34:51 PM PDT