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205 N Kenmore Ave

Los Angeles CA 90004

30
30
15408 sq. ft.
7607 sq. ft.
Other
Currently for sale - view listing

Overview

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.

Features

30 bedrooms
30 bathrooms
15408 sq. ft. floor area
7607 sq. ft. lot size
Other

Property history for 205 N Kenmore Ave

2015
Sold
$963,137
09 Feb 2015
2014
Sold
$2,950,000
28 Aug 2014 by Joshua Ross, of Marcus & Millichap

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Local market activity for 30 bedroom other properties in Los Angeles

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