Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

15

Building size

11,216 sqft

Lot size

6,758 sqft

Year built

1989

Stories

3

Heating

Central

Cooling

Central Air

Status

Active

Days on market

18

MLS #

246079749

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.

Location

709 S Kingsley Drive

Los Angeles, Los Angeles, CA, 90005