We are pleased to present our latest investment opportunitylocated at 101 South Kenmore Avenue in Los Angeles. This eight unit propertyfeatures 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.… Read More 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, SilverLake, 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! Read Less
Property listed by Keller Williams Realty, Joshua Cohen 310-375-3511
Listing Snapshot
Days Online
6
Last Updated
Property Type
Other
Beds
8
Square Ft.
7,806
Lot Size
0.17 Acres
Year Built
1925
MLS Number
25538705
30 Days Snapshot Of 90004
$2.84M
+87%
(avg) sold price
5
-58%
homes sold
62
-15%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1925, Building area total: 7,806, Levels: Two, Living area: 7806, 2 stories, 1 building
Cooling
None
Heating
Central
Income
Gross income: $175,597, Net operating income: $111,831
Lot
0.1653 acres, 7,201 square feet, Size: 7,201
Parking
None
Property
Zoning: LAR3
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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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