941-1/2 S Kenmore Ave

    Los Angeles, CA 90006
    • $3,950,000
    • STATUS: Active
    • ON SITE: 28 days
    • MLS #: 20-560910
    UPDATED: 39 min ago
    $3,950,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,800
      SQFT
    • $286
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:
    Area:

    School Ratings & Info

    Description

    Built in 1923, this 24-unit property totals 13,800 SF on a 6,664 SF lot in the heart of Koreatown. The building features single units and has a community laundry room on-site.This offering presents an investor the opportunity to purchase a value-add investment with true rental upside. At the asking price, the price per square foot is $286 with a pro forma GRM of 10.52. The building is separately metered for gas and the exterior has just been painted.The Koreatown submarket remains one of the most desirable addresses for both living and working for residents who need to commute to both Downtown Los Angeles and Hollywood. The subject property is surrounded by new developments between 8th Street & Olympic Boulevard. With over 125,000 people living within one mile and an average home value of over $700,000 within a three-mile radius, the demand for apartment units continues to increase. The subject property has a walk score of 93 and is within walking distance to the Wilshire/Norma

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    Based on information from CRISNet MLS as of 2020-04-02T13:42:28.723. 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.

    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-02T13:42:28.723. 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.

    Based on information from the Conejo Simi Moorpark Association of Realtors as of 2020-04-02T13:42:28.723. 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.

    Based on information from the i-Tech MLS as of 2020-04-02T13:42:28.723. 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.

    Licensed in the State of California, USA.
    www.jelmbergteam.com/homes/103845625

    941-1/2 S Kenmore Ave Los Angeles, CA 90006

    • Price: $3,950,000
    • Status: Active
    • Updated: 39 min ago
    • MLS #: 20-560910
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    13,800
    SQFT
    $286
    $/SQFT
    1923
    Built
    Neighborhood:
    Mid-Wilshire
    County:
    Los Angeles
    Area:
    Mid-Wilshire
    Property Description
    Built in 1923, this 24-unit property totals 13,800 SF on a 6,664 SF lot in the heart of Koreatown. The building features single units and has a community laundry room on-site.This offering presents an investor the opportunity to purchase a value-add investment with true rental upside. At the asking price, the price per square foot is $286 with a pro forma GRM of 10.52. The building is separately metered for gas and the exterior has just been painted.The Koreatown submarket remains one of the most desirable addresses for both living and working for residents who need to commute to both Downtown Los Angeles and Hollywood. The subject property is surrounded by new developments between 8th Street & Olympic Boulevard. With over 125,000 people living within one mile and an average home value of over $700,000 within a three-mile radius, the demand for apartment units continues to increase. The subject property has a walk score of 93 and is within walking distance to the Wilshire/Norma
    Exterior Features

    Lot Size Area 6664 Other Structures None Parking Garage None Pool YN No Tennis YN No Total Parking 0

    Interior Features

    Baths Total 24.00 Cooling Other Den No Dining Room No Equipment Ceiling Fan Family Room No Heating Other

    Property Features

    Gross Income 290946 Gross Operating Income 282218 Like Units1 24 Net Operating Income 128650.00 Number Of Buildings 1 Number Of Units 24 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 153568 Type Of Units Apartment Zoning R4-1

    Listing provided courtesy of Neema Ahadian DRE#01346750 of Marcus & Millichap.


    Based on information from CRISNet MLS as of 2020-04-02T13:42:28.723. 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.

    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-02T13:42:28.723. 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.

    Based on information from the Conejo Simi Moorpark Association of Realtors as of 2020-04-02T13:42:28.723. 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.

    Based on information from the i-Tech MLS as of 2020-04-02T13:42:28.723. 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.

    Licensed in the State of California, USA.
     
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