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… Read More 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. Read Less
Courtesy of Marcus & Millichap 310-909-5500
Listing Snapshot
Days Online
133
Last Updated
Property Type
Other
Beds
30
Square Ft.
15,408
Lot Size
0.17 Acres
Year Built
1925
MLS Number
25-477473
30 Days Snapshot Of 90004
$1,587k
-24%
(avg) sold price
12
+20%
homes sold
68
+83%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
15,408 sq ft, Built in 1925, Levels: Three Or More
Cooling
None
Disclosures
None
Garage
None
Heating
None
Lot
LotAcreage: 0.1746, LotSizeArea: 7,607
Parking
TotalParking: 0
Property
NumberOfUnits: 31, Zoning: LAR3
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