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Property Description

2610 Kenwood is a fully renovated apartment building, inside and out. Some of the upgrades include a new roof, new windows, new copper plumbing, and new electrical system. Due to the true in-place cap rate of 5.98%, the property is eligible for attractive financing at 65% Loan-to-Value (LTV), requiring only 35% down payment. This allows investors a lower cost of entry than most other apartment buildings in Los Angeles. Centrally located in the dense rental markets of Mid City, Koreatown and Pico-Union, this fully renovated building stands as a prime turn key asset for investors looking to secure stable cash flow and a less management intensive property. The building is fully occupied, so PLEASE DO NOT DISTURB THE TENANTS!!

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Additional Information
RE/MAX One
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CLW-X85641
CLW-X01091
Chase
5054010002
: Standard
One
32

Multi-Family For Sale

2610 Kenwood Avenue, Los Angeles, California 90007

7,012 Sqft
$3,895,000
Listing ID #24373541
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24373541
Price : $3,895,000
Living Area : 7,012 Sqft
Lot Size : 10,714 Sqft
Year Built : 1924
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90007
Price Per Square Foot : $555
ModificationTimestamp : 2024-04-04 05:11:02
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