Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    205 Kenmore Avenue, Los Angeles, CA 90004
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    205 Kenmore Avenue
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    • MLS#: 25477473 ( )
    • Street Address: 205 Kenmore Avenue
    • Viewed: 8
    • Price: $4,700,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1925
    • Bldg sqft: 0
    • Days On Market: 111
    • Additional Information
    • County: LOS ANGELES
    • City: Los Angeles
    • Zipcode: 90004
    • Provided by: Marcus & Millichap
    • Contact: Neema Neema
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      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 6.51% CAP rate at 9.11 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.
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    Features
    Building Area Total
    1. 15408.00
    Cooling
    1. None
    Country
    1. US
    Heating
    1. None
    Levels
    1. Three Or More
    Netoperatingincome
    1. 305857.00
    Parcel Number
    1. 5518017026
    Parking Features
    1. None
    Sourcesystemkey
    1. 25-477473:CLAW
    Totalexpenses
    1. 184133.00
    Year Built
    1. 1925
    Zoning
    1. LAR3
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836