$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 & Millichap

We 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

AgentNeema Ahadian
OfficeMarcus & Millichap

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?