233 N Kenmore Ave - Apartments FOR SALE


Los Angeles, CA 90004- Koreatown
$3,795,000 USD
310-621-8221
233 N Kenmore Ave, Los Angeles, CA for Sale
$3,795,000 USD
Apartments - FOR SALE
1/19
null | 6.2% Cap Rate

233 N Kenmore Ave
Los Angeles, CA 90004
Koreatown


HIGHLIGHTS

  • 8.7 GRM and a 6.4% Cap Rate on In-Place Income
  • Prime Koreatown Location on a quiet street
  • Substantial Rental Upside-Multiple Low Rent Units
  • Major Upgrades Including Electrical and Plumbing

OVERVIEW

233 N Kenmore Avenue is an apartment community constructed in 1925. Situated in the neighborhood of Koreatown, Los Angeles, the property consists of (30) Studio/One-Bath units averaging 430 square feet each. This 30-unit building with curb appeal on a quiet tree lined street in the Koreatown neighborhood of Los Angeles is centrally located just 1 block south of Beverly Blvd and several blocks west of Vermont Ave. Residents benefit from the easy access to nearby public transportation. The Building has undergone major renovations over the last 5 years including replacement of supply and waste lines in 15 units, electrical service upgrades for all units, new roof, and over one third of the units have recently been renovated.

FOR SALE DETAILS

PRICE

$3,795,000 USD

PRICE/SF

$246 USD /SF

# OF UNITS

30

PRICE/UNIT

$126,500

CAP RATE

6.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,228 SF

ZONING

LAR3

APN/PARCEL ID

5518-017-021

ASK ABOUT THIS PROPERTY

Brent SprenkleNorthmarqMore Info
310-621-8221

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Brent SprenkleNorthmarqMore Info
310-621-8221

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