1207 S. Kingsley Dr.
Multifamily | 6 Units | $216,333/unit
Marketing description
1207 S. Kingsley Drive presents a rare opportunity to acquire a well-maintained 6-unit multifamily asset in the heart of Los Angeles' most dynamic and densely populated submarket — Koreatown / Mid-Wilshire. The property offers stable current income with significant upside, anchored by a world-class urban location.
1207 S. Kingsley Drive is a well-maintained 6-unit multifamily investment property situated in the heart of the Koreatown / Mid-Wilshire corridor — one of Los Angeles' most densely populated and sought-after residential submarkets. The property consists of six (6) two-bedroom / one-bathroom units, each approximately 600 SF, on a 5,897 SF LAR3 lot totaling 3,612 SF of rentable building area.
Five of six units are leased substantially below current market rates, averaging just $1,423/mo against a market rate of $1,950–$2,400/mo for comparable 2-bed units in Koreatown. As leases naturally turn over, each unit represents an immediate opportunity to push rents toward market, improving cash-on-cash returns.
Investment highlights
- Transit: Metro Purple (D) & Red (B) Lines at Wilshire/Vermont — direct to DTLA, Hollywood & Westside
- Loyola High School: California's oldest Jesuit prep school (est. 1865) is just a block away, anchoring neighborhood stability and family-driven rental demand
- Shopping: Koreatown Plaza, Koreatown Galleria and Rodeo Galleria all within walking distance
- Nightlife & Dining: Chapman Plaza, Dan Sung Sa, La Sung Tofu, The Wiltern Theater, BCD Tofu House & 500+ restaurants within a 1-mile radius
- DENSITY & DEMAND: One of the highest-density neighborhoods in the U.S. — consistently low vacancy, reliable rental growth.
- UNBEATABLE WALKABILITY: Walk Score 95+. Minutes from Chapman Plaza, The Wiltern, and world-class dining.
- TRANSIT CONNECTIVITY: Metro Purple (D) & Red (B) Lines — direct to DTLA, Hollywood, and Westside employment centers.
- WILSHIRE REVITALIZATION: Multi-billion dollar Metro extension + luxury mixed-use pipeline transforming the submarket.
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