936 South Kenmore Avenue

Los Angeles CA 90006

8440 sq. ft.

6750 sq. ft.

Other

Currently for sale - view listing

Overview

NO EXCEPTION: (1) Any inquires will be IGNORED without official POF shown (email POF along with current portfolio AND your offer to the brokerage). (2) All cash, non-refundable $1.85m+ offer ONLY. (3) 7 day closing. MUST waive ALL contingencies. Entire funds must be deposited to open escrow. No unit inspections. No other contingencies. No other asking DD whatsoever (all DD will be provided prior to escrow upon verified POF). (4) Selling AS-IS (do not expect or ask for more other than provided DD). --- MUTOOF is pleased to present 936 S Kenmore Ave, Los Angeles. 16-Unit Apartment Building with Huge Value-Add Opportunity and Redevelopment Potential in the heart of the Koreatown. Huge Value-Add Opportunity 64% Upside in Rents. 12.03% Proforma CAP Rate. 6.18 Proforma GRM. Huge Upside Redevelopment Potential TOC Tier 2 location that allows increased residential density. Newly updated roof and interior, the subject property is currently 100% occupied. Walk Score of 91 (Walkers Paradise). Excellent location near the major transit stops, highways (I-110, I-101 & I-10) and shopping centers. Just four miles south of Hollywood, and three miles west of Downtown L.A. Two story apartment complex consists of total sixteen (16) units. Mix of total twelve (12) studio units and four (4) 1bed/1bath units. Built in 1925, the subject property consists of sixteen (16) units totaling 8,440 SF of square footage on a sizeable 6,750 SF lot. On-site property manager and maintenance manager. Property to be sold "as-is" with the tenants remaining in possession. DO NOT DISTURB TENANTS. Please send offer with LOI and POF. Buyer is encouraged to independently verify the accuracy of any information through inspection(s), due diligence, and professionals. Broker and Agent do not guarantee the accuracy of any information concerning the size, condition, financials, or features of said property. Buyer to conduct their own due diligence and investigation of the property. Buyer and Buyer's agent to verify all information regarding the property to their full and complete satisfaction.

Features

4 bedrooms

16 bathrooms

8440 sq. ft. floor area

6750 sq. ft. lot size

Other

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