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$ 1,695,000
Est. payment | /mo
8 Beds
8 Baths
7,806 SqFt
$ 1,695,000
Est. payment | /mo
8 Beds
8 Baths
7,806 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,806 sqft
Price per Sqft $217
MLS Listing ID 25538705
Bedrooms 8
HOA Y/N No
Year Built 1925
Lot Size 7,200 Sqft
Property Description
We are pleased to present our latest investment opportunitylocated at 101 South Kenmore Avenue in Los Angeles. This eight unit propertyfeatures a strong going-in Cap Rate of 6.60% with projected rental upside of nearly 20% +/-! The units are large for being one bedrooms, averaging about 975 square feet each. They also have high ceilings, giving the units a timeless, premium feeling. Units are all individually metered for gas and electricity (one water heater), and there is onsite laundry (leased) available for tenant convenience. The electric system is already upgrading, helping a new owner focus on turning units and capturing additional future upside. The property is located in a terrific area between Koreatown, SilverLake, and Hancock Park on a quiet, tree-lined street. With a walk score of 87, tenants will enjoy being able to take care of most errands on foot, and have access to terrific dining and entertainment options!
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR3
Interior
Heating Central
Cooling None
Fireplace No
Exterior
Parking Features None
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5518015010
Special Listing Condition Standard
Listed by Joshua Cohen • Keller Williams Realty