Multifamily
845 S Kenmore Ave
845 S Kenmore Ave, Los Angeles, CA 90005
Listing Price: $2,775,000
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is 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. Select units have been thoroughly renovated with stainless steel kitchen appliances, laminate flooring, recessed lighting, & more. The property has 29% remaining rental upside through interior renovations to remaining units.
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.
845 S Kenmore Ave
Investment Highlights
- Select Units Have Been Extensively Renovated with Stainless Steel Kitchen Appliances, Laminate Flooring, Recessed Lighting, Wall AC Units, & Mirrored Closets & More
- There is 29 Percent Remaining Rental Upside Through Interior Renovations
- Residents are Within a Short Walk or Uber Ride to Popular Local Amenities Such as The LINE Hotel, Chapman Plaza, City Center on 6th and Tons of Local Restaurants, Markets and Shops
- Current Ownership Has Attentively Maintained the Property Which Has Very Little Deferred Maintenance
- There are 12 Parking Spaces On-Site, 4 Covered & 8 Uncovered
- Property is Located in a Sought After Pocket of Koreatown. With a Walk Score of 94 'Walker's Paradise' – Daily Errands do not Require a Car. Residents Enjoy Convenient Access to Employment Centers, Retail, and Entertainment From Koreatown, Wilshire Park & Mid-City
Exclusively Listed By
Financing By
Listing Price: $2,775,000
Investment Highlights
- Select Units Have Been Extensively Renovated with Stainless Steel Kitchen Appliances, Laminate Flooring, Recessed Lighting, Wall AC Units, & Mirrored Closets & More
- There is 29 Percent Remaining Rental Upside Through Interior Renovations
- Residents are Within a Short Walk or Uber Ride to Popular Local Amenities Such as The LINE Hotel, Chapman Plaza, City Center on 6th and Tons of Local Restaurants, Markets and Shops
- Current Ownership Has Attentively Maintained the Property Which Has Very Little Deferred Maintenance
- There are 12 Parking Spaces On-Site, 4 Covered & 8 Uncovered
- Property is Located in a Sought After Pocket of Koreatown. With a Walk Score of 94 'Walker's Paradise' – Daily Errands do not Require a Car. Residents Enjoy Convenient Access to Employment Centers, Retail, and Entertainment From Koreatown, Wilshire Park & Mid-City
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is 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. Select units have been thoroughly renovated with stainless steel kitchen appliances, laminate flooring, recessed lighting, & more. The property has 29% remaining rental upside through interior renovations to remaining units. 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.
Exclusively Listed By
Financing By
