845 S Kenmore Avenue

Los Angeles , CA 90005

MLS#: 25589927

$2,400,000

Status: Active
Listing number: 25589927
Listing provided by: Marcus & Millichap
Listing agent phone: None
Last update: 6 hours ago
New on site 1 day ago
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Property

Beds

8

Full Baths

None

1/2 Baths

None

Year Built

1963

Sq.Footage

6,742

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. 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. CONTACT THE LISTING TEAM FOR DETAILS.

Features & Amenities

Interior

  • Total Bedrooms

    8

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Covered

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.1552

  • Property Type

    Residential Income

Price

  • Sales Price

    $2,400,000

  • Sq. Footage

    6, 742

  • Price/SqFt

    $355

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    3

  • Senior Community YN

    NO

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Location

County

Los Angeles

Elementary School

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Listing Courtesy of Sean Rosenzweig , Marcus & Millichap

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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. 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. CONTACT THE LISTING TEAM FOR DETAILS.

845 S Kenmore Avenue

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