Property listed by Marcus & Millichap, Sean Rosenzweig 310-909-5500
$2,400,000
We are pleased to offer for sale a 12-unit apartment community located at 845 South Kenmore Avenue. The subject property is located just south of 8th Street within the desirable Koreatown sub-market. Situated on a 6,759 square foot parcel, the property is comprised of four studios and eight one-bedroom units.… Read More Two of the units will be delivered vacant allowing new ownership to immediately renovate and achieve market rental rates. The property has 14% remaining rental upside through unit renovations. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate remaining units and achieve superior future returns moving forward makes 845 South Kenmore an excellent acquisition opportunity. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. Read Less
Listing Snapshot
Days Online
199
Last Updated
Beds
8
Square Ft.
6,742
Lot Size
0.16 Acres
Year Built
1963
MLS Number
25589927
Additional Details
Building
Built in 1963, Living area: 6742.0, 1 building, 3 stories, Levels: ThreeOrMore
Income
Gross Income: $265,440, Net Operating Income: $168,900
Lot
0.1552 acres, Dimensions: 50x135
Parking
12 total parking spaces, Covered, Uncovered
Taxes
Parcel Number: 5094016018, Zoning: LAR4
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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