Built in the 1924, 162 N Kenmore Avenue is a unique and special investment opportunity on a great street in Koreatown. The property consists of 18 attractive units one (1) Bachelor apartment, thirteen (13) Studio apartments, and four (4) One Bedroom / One Bath apartment units. Investors and tenants alike… Read More will note the striking and welcoming 1920s design and aesthetic throughout. The updated exterior facade makes the property stand out amongst neighboring buildings, and the lobby and common areas promote a welcome and turn-of-the-century aesthetic. 162 N Kenmore Avenue is separately metered for gas and master metered for electricity. Consequently, ownership will have the opportunity to increase annual rents by 4%. Additionally, potentiality exists to create new revenue streams with the implementation of a RUBs system. The building offers secure access along with on-site washers and dryers, which are leased. Located in Koreatown, 162 N Kenmore Avenue is a short distance from the City's primary employers in Downtown Los Angeles and Hollywood and has world-class access to public transportation. With a Walk Score of 83 out of 100, the location is Very Walkable, and most errands can be accomplished on foot. Read Less
Property listed by KW Commercial Studio City, Nick Astrupgaard 818-432-1500
Listing Snapshot
Days Online
32
Last Updated
Property Type
Other
Beds
2
Square Ft.
9,046
Lot Size
0.17 Acres
Year Built
1924
MLS Number
25596219
30 Days Snapshot Of 90004
$2.23M
-27%
(avg) sold price
17
+70%
homes sold
87
+6%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1924, Building area total: 9,046, Levels: Two, Living area: 9046, 2 stories, 1 building
Income
Gross income: $265,212, Net operating income: $139,275
Lot
0.1663 acres, 7,246 square feet, Size: 7,246
Parking
OnStreet
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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