709 S Kingsley Dr
LOS ANGELES, CA 90005

Property

Ownership: For Sale
Bedrooms: 21 BR
Bathrooms: 21
Area: 6758 sq ft
Lot Size: 0.2 Acres

Financials

Price:$6,850,000
271 North Canon Drive Beverly Hills, CA 90210
Listing Courtesy of New Star Realty

709 S Kingsley Dr 21BR Hancock Park La

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.

Neighborhood

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CLAW

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.