1144 S Kingsley Dr, Los Angeles, CA 90006 For Sale

1144 S Kingsley Dr is a four-unit multifamily property in the heart of Los Angeles' Koreatown — a Walker's Paradise (Walk Score 97) and one of the densest, highest-demand rental corridors in the metro. The 4,121 SF improvement sits across three separate buildings on a 5,909 SF LAR3 lot with five on-site parking spaces and a strong, 3BR-weighted unit mix.

Income is in place from a long-tenured resident base, with rents sitting well below market — the core of the value-add thesis. At $1,199,000 ($299,750/unit, $291/SF), the property is priced below the submarket's comparable sales with a clear, executable path to substantially higher income.

1144 S Kingsley offers what investors look hardest for and rarely find: durable in-place income paired with one of the clearest mark-to-market stories in Central LA. Current rents average roughly $1,740 per unit — a fraction of the $2,200–$3,495 that comparable Koreatown units command — leaving a large, capturable spread for an owner willing to execute a measured renovation and lease-up plan.

The plan is simple and proven: lease the vacant room in Unit 4 on day one, renovate interiors on natural turnover, and move rents toward market while preserving the building's 1922 character. Five on-site parking spaces and a 3BR-weighted mix make the units highly leasable to Koreatown's deep renter base.