Alex Galuz Of Keller Williams Represents Buyer In Koreatown Multifamily Sale For $4.025M

501 South Kingsley Drive is a 22-unit apartment building located in Koreatown, Los Angeles, which has been sold for $4.025 million. This multifamily asset encompasses an area of 11,274 square feet and is situated on 0.26 acres. Built in 1956, it has a mix of studio and one-bedroom units, currently offering rents that are approximately 31% below market rates. The property includes amenities such as controlled access, a pool, covered parking, and an on-site laundry facility.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,025,000
• Address: 501 South Kingsley Drive
• Market: Los Angeles
• Building Size: 11,274 SF
• Price Per Square Foot: $357
• Acres: 0.26
• Buyer's Representative: Alex Galuz - Keller Williams
• Seller's Representative: Matt Ziegler - Marcus & Millichap

Alex Galuz represented the buyer and is affiliated with Keller Williams, while Matt Ziegler represented the seller and is with Marcus & Millichap. Their involvement indicates a structured negotiation process between the parties, ensuring the transaction aligned with market expectations for value-add opportunities within the multifamily sector.