
Los Angeles, California 90006
This 2021-constructed Quadruplex represents a High-Potential Investment Opportunity, listed at a List Price of $1,800,000—positioned well below the $1,819,136 Fair Market Value by 1%. With a Condition Rating of 2, this modern asset features contemporary infrastructure and 14 rentable bedrooms, minimizing capital expenditure. The property offers $19,136 in Instant Equity, providing a stable foundation for Buy-and-Hold Investors and Portfolio Managers seeking to capitalize on high-demand, flexible co-living housing in the heart of Koreatown.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1127 S Kingsley Subject 0 bd · 0 ba · 5,990 sqft · $304 | $1,800,000* List Price | 0 | 0 | 5,990 | $304 | - |
A 1107 S Hobart Active 0 bd · 0 ba · 5,785 sqft · $311 · 0.1 mi | $1,800,000 List Price | 0 | 0 | 5,785 | $311 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property was constructed in 2019 (completed in 2021), making it less than 10 years old. As a modern build, it features contemporary kitchens, bathrooms, and updated mechanical systems (HVAC/Electric) in mint condition with no maintenance required.
Built in 2019/2021, this property offers contemporary infrastructure and finishes, significantly reducing immediate capital expenditure and maintenance costs compared to older Koreatown inventory.
The 14-bedroom co-living configuration across four units allows for a maximized rental yield per square foot, catering to the high demand for flexible housing in central Los Angeles.
Strategically located near major employment centers, public transportation, and vibrant dining, the property ensures long-term desirability and low vacancy risk in a high-growth submarket.
Currently at 75% occupancy, the property requires immediate lease-up of the remaining unit to achieve full income potential and stabilized cash flow for the investor.
The co-living model typically requires more intensive property management and higher tenant turnover oversight compared to traditional long-term multifamily residential arrangements.
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.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.2 mi
Grades K-2 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 5,990 | 2,090.331 |
| Lot Size | 5,902 | 5,852.908 |
| Price | $1.80M | $830.9K |
| Price per sq ft | $301 | $394 |
| Built year | 2019 | 1928 |
| HOA | $0 | $0 |
| Days on market | 11 | 87 |
Oct 29, 2026
$1,800,000
Initial Listing
Oct 19, 2018
$840,000
Public Record
Aug 28, 2018
$755,000
Public Record