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$2,500,000
Est. payment /mo
8 Beds
12 Baths
8,564 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,564 sqft
Price per Sqft $291
MLS Listing ID 25536927
Bedrooms 8
HOA Y/N No
Year Built 1963
Lot Size 6,412 Sqft
Property Description
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 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.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR4
Interior
Fireplace No
Exterior
Parking Features None
Total Parking Spaces 9
Building
Story 1
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5094023026
Special Listing Condition Standard
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Listed by Sean Rosenzweig • Marcus & Millichap