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Property Description

We are pleased to present 205 N Kenmore Ave, a 31-unit multifamily investment opportunity in the Koreatown neighborhood of Los Angeles located between Beverly Blvd & 1st St. The property features a unit mix of 31 singles; renovated units include refinished floors, updated appliances, tile bathrooms, new cabinetry, and ceiling fans. At the asking price, the property is being offered at a 6.37% CAP rate at 9.35 GRM on current income with an additional 13% rental upside achievable as units turn through continued interior renovations. The property has professional landscaping and a secured, gated entrance with intercom access and security cameras; significant cap ex has been invested by ownership into the systems and common areas including new security camera system, solar thermal panels, storage tank, common area paint, and new intercom. The building is separately metered for electricity and has an on-site laundry room with three washers and two dryers (lease with Dadson). High Walk Score of 87, the property is walking distance to the Metro Red & Purple Rail Lines, and Metro Local Lines along Beverly Blvd & 1st St. This neighborhood of Koreatown is ideally located with a short commute to Downtown Los Angeles, Hollywood, and Mid-City.

Features
: No
: No
3
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Additional Information
Marcus & Millichap
0
CLW-C104547
CLW-X7515101
Neema
5518017026
: Standard
Three Or More
32

Multi-Family For Sale

205 Kenmore Avenue, Los Angeles, California 90004

15,408 Sqft
$4,950,000
Listing ID #25477473
Basic Details
Status : Active
DaysOnMarket : 86
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 25477473
Price : $4,950,000
Living Area : 15,408 Sqft
Lot Size : 7,607 Sqft
Year Built : 1925
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90004
Price Per Square Foot : $321
ModificationTimestamp : 2025-03-12 15:34:47
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