101 S Kenmore Ave - Apartments FOR SALE


Los Angeles, CA 90004- Koreatown
$1,695,000 USD
310-480-2130
101 S Kenmore Ave, Los Angeles, CA for Sale
$1,695,000 USD
Apartments - FOR SALE
1/12
null | 6.6% Cap Rate

101 S Kenmore Ave
Los Angeles, CA 90004
Koreatown


HIGHLIGHTS

  • Available at an attractive in-place Cap Rate of 6.60%, with rental upside of 20% +/-!
  • A Buyer can rely on steady current cashflow while implementing a value-add strategy via turning units.
  • Walk score of 87! Terrific location between Koreatown, Silver Lake, and Hancock Park!
  • Very large one bedroom units averaging 975 square feet each (Buyer to verify)
  • Units are individually metered for utilities, with onsite laundry available.
  • The electric system is already upgraded!

OVERVIEW

The Cohen Group is pleased to present our latest investment opportunity located at 101 South Kenmore Avenue in Los Angeles. This eight unit property features 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, Silver Lake, 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! To discuss writing your offer, reach out to Josh Cohen at 310-480-2130 or Josh@CohenGroupLA.com.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$217 USD /SF

# OF UNITS

8

PRICE/UNIT

$211,875

CAP RATE

6.6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,199 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

5518-015-010

ASK ABOUT THIS PROPERTY

Joshua CohenThe Cohen GroupMore Info
310-480-2130

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Joshua CohenThe Cohen GroupMore Info
310-480-2130

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.