We are pleased to offer for sale a 12-unit apartment community located at 845 South Kenmore Avenue. The subject property is located just south of 8th Street within the desirable Koreatown sub-market. Situated on a 6,759 square foot parcel, the property is comprised of four studios and eight one-bedroom units. Two of the units will be delivered vacant allowing new ownership to immediately renovate and achieve market rental rates. The property has 14% remaining rental upside through unit renovations. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate remaining units and achieve superior future returns moving forward makes 845 South Kenmore an excellent acquisition opportunity. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS.
Features
8 bedrooms
12 bathrooms
directions_car12 carspaces
6742 sq. ft. floor area
crop_free6759 sq. ft. lot size
cottageOther
Property history for 845 S Kenmore Ave
2017
Sold
$1,900,000
29 Nov 2017 by Walter Castillo, of Coldwell Banker Realty
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Local market activity for 8 bedroom other properties in Los Angeles
Sold
For Sale
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