205 N Kenmore Avenue, Los Angeles, CA 90004
-
Listed Price :
$4,950,000
-
Beds :
30
-
Baths :
30
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Property Size :
15,408 sqft
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Year Built :
1925
Property 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 6.37% CAP rate at 9.35 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.
Interior Features
| Bedroom Information |
| Bedrooms |
30 |
| Bathroom Information |
| Bathrooms |
30 |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
205 N Kenmore Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90004 |
| County |
Los Angeles |
| Listing Agent |
Neema Ahadian DRE #01346750 |
| Courtesy Of |
Marcus & Millichap |
| List Price |
$4,950,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
15,408 |
| Lot Size |
7,607 |
| Year Built |
1925 |
Listing information courtesy of: Neema Ahadian, Marcus & Millichap. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 7th, 2025 at 1:45 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
