$4,950,000
205 Kenmore Avenue, Los Angeles 90004
1
Bath
15,408
Square feet
7,607
Lot Size
31
# Of Units
Listing Agent
Neema Ahadian - Marcus & MillichapWe are pleased to present 205 N Kenmore Ave, a 31-unit multifamily investment opportunity in the Koreatown neighborhood of Los Angeles located between Beverly Blvd & 1st St. The property features a unit mix of 31 singles; renovated units include refinished floors, updated appliances, tile bathrooms, new cabinetry, and ceiling fans. At the asking price, the property is being offered at a 6.37% CAP rate at 9.35 GRM on current income with an additional 13% rental upside achievable as units turn through continued interior renovations. The property has professional landscaping and a secured, gated entrance with intercom access and security cameras; significant cap ex has been invested by ownership into the systems and common areas including new security camera system, solar thermal panels, storage tank, common area paint, and new intercom. The building is separately metered for electricity and has an on-site laundry room with three washers and two dryers (lease with Dadson). High Walk Score of 87, the property is walking distance to the Metro Red & Purple Rail Lines, and Metro Local Lines along Beverly Blvd & 1st St. This neighborhood of Koreatown is ideally located with a short commute to Downtown Los Angeles, Hollywood, and Mid-City.
Facts & Features
MLS® # | 25477473 |
---|---|
Price | $4,950,000 |
Bathrooms | 1.00 |
Square Footage | 15,408 |
Lot Size | 7,607 |
Year Built | 1925 |
Type | Residential Income |
Status | Active |
# Of Units | 31 |
Community Information
Address | 205 Kenmore Avenue |
---|---|
Area | C17 - Mid-Wilshire |
City | Los Angeles |
County | Los Angeles |
Zip Code | 90004 |
Amenities
Parking | None |
---|---|
Garages | None |
Is Waterfront | No |
Has Pool | No |
Interior
Heating | None |
---|---|
Cooling | None |
Has Basement | No |
Fireplace | No |
# of Stories | 3 |
Stories | Three Or More |
Additional Information
Date Listed | December 16th, 2024 |
---|---|
Days on Market | 52 |
Zoning | LAR3 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Neema Ahadian |
---|---|
Office | Marcus & Millichap |