We are pleased to offer for sale a 12-unit apartment community located at 917 South Kenmore Avenue in Los Angeles, California. Situated just north of Olympic Boulevard in the vibrant and rapidly developing Koreatown neighborhood, this property offers in-place yield, with tremendous upside for investors. Located in the heart of… Read More Koreatown, the property benefits from strong market fundamentals and is surrounded by an abundance of nightlife, restaurants, coffee shops, and employment centers. The asset is situated on a 6,411 square foot lot, comprised of four, singles/guest rooms* and eight one-bedroom units. Select units have been upgraded with hardwood floors, stainless steel kitchen appliances, renovated bathrooms, and more. The property has 20% remaining rental upside through interior renovations to remaining units. The ongoing redevelopment of the surrounding area, coupled with the value-add potential for a new owner to renovate remaining units and unlock superior future returns, make 917 South Kenmore Avenue an exceptional acquisition opportunity. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.*LADBS certificate of occupancy indicates that there are 8 apartments & 4 guest rooms. Single units are all equipped with kitchens per Seller - Buyer to verify unit configuration. Read Less
Property listed by Marcus & Millichap, Sean Rosenzweig 310-909-5500
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Beds
8
Square Ft.
8,564
Lot Size
0.15 Acres
Year Built
1963
MLS Number
25536927
30 Days Snapshot Of 90006
$775k
+5%
(avg) sold price
1
-75%
home sold
108
+115%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1963, Building area total: 8,564, Levels: Two, Living area: 8564, 2 stories, 1 building
Income
Gross income: $242,314, Net operating income: $141,566
Lot
0.1472 acres, 6,411 square feet, Size: 6,411
Parking
9 totals parking, None
Property
Zoning: LAR4
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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