205 Kenmore Avenue, Los Angeles, CA 90004
Contact Silva Babaian
Schedule A Showing
Request more information
- 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
- DMCA Notice
-
DescriptionWe 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.
Property Location and Similar Properties
Features
Building Area Total
- 15408.00
Cooling
- None
Country
- US
Heating
- None
Levels
- Three Or More
Netoperatingincome
- 305857.00
Parcel Number
- 5518017026
Parking Features
- None
Sourcesystemkey
- 25-477473:CLAW
Totalexpenses
- 184133.00
Year Built
- 1925
Zoning
- LAR3