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Listed by Kirk R Garabedian • Keller Williams R. E. Services
$1,800,000
Est. payment /mo
5,990 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,990 sqft
Price per Sqft $300
MLS Listing ID GD-26233877
Year Built 2019
Lot Size 5,902 Sqft
Property Sub-Type Quadruplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
As part of a 6-building Co-Living Apartment portfolio, we are pleased to present a 2021-constructed, 4-unit residential investment property located in the heart of Koreatown at 1127–1129½ S. Kingsley Drive, Los Angeles, CA 90006. This property features approximately 5,990 square feet of building area and offers a total of 14 rentable bedrooms, with spacious multi-bedroom, multi-bathroom units featuring large shared kitchen areas. These units are thoughtfully configured to accommodate traditional multifamily and co-living rental arrangements.
Currently, the property is 75% occupied, with one unit available for lease-up, presenting an opportunity for investors to increase rental income through stabilization. Strategically situated near major employment centers, public transportation, shopping, dining, and entertainment, the property is well-positioned to benefit from continued demand for flexible residential housing in central Los Angeles.
Offered at $1,800,000, this property is part of a portfolio of Co-Living apartment buildings collectively listed at $9,900,000.
All property information, rental figures, square footage, and financial projections are approximate and subject to buyer verification.
Currently, the property is 75% occupied, with one unit available for lease-up, presenting an opportunity for investors to increase rental income through stabilization. Strategically situated near major employment centers, public transportation, shopping, dining, and entertainment, the property is well-positioned to benefit from continued demand for flexible residential housing in central Los Angeles.
Offered at $1,800,000, this property is part of a portfolio of Co-Living apartment buildings collectively listed at $9,900,000.
All property information, rental figures, square footage, and financial projections are approximate and subject to buyer verification.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Interior
Laundry Common Area
Exterior
Garage Spaces 8.0
Pool None
Community Features Biking
Building
Lot Description Rectangular Lot
Sewer Public Sewer
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Nearby Locations
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900