Multifamily
917 S Kenmore Avenue
917 S Kenmore Ave, Los Angeles, CA 90006
Listing Price: $2,400,000
Investment Overview
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 12-unit apartment community located at 917 South Kenmore Avenue in Los Angeles, California. Situated just north of Olympic Boulevard in the vibrant and rapidly developing Koreatown neighborhood, this property offers in-place yield, with tremendous upside for investors.
Located in the heart of Koreatown, the property benefits from strong market fundamentals and is surrounded by an abundance of nightlife, restaurants, coffee shops, and employment centers. The asset is situated on a 6,411 square foot
lot, comprised of four, singles/guest rooms* and eight one-bedroom units. Select units have been upgraded with hardwood floors, stainless steel kitchen appliances, renovated bathrooms, and more. The property has 20% remaining rental upside through interior renovations to remaining units.
The ongoing redevelopment of the surrounding area, coupled with the value-add potential for a new owner to renovate remaining units and unlock superior future returns, make 917 South Kenmore Avenue an exceptional acquisition opportunity.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
*LADBS certificate of occupancy indicates that there are 8 apartments & 4 guest rooms. Single units are all equipped with kitchens per Seller - Buyer to verify unit configuration.
917 S Kenmore Avenue
Investment Highlights
- Residents are within walking distance or short Uber ride to popular local amenities such as The LINE Hotel, Chapman Plaza, City Center on 6th, Parks Korean BBQ and other local favorites
- The government required seismic retrofit work has already been completed, which saves a new investor substantially in capital and time
- Located in a desirable pocket of Koreatown. With a walk score of 93 'Walker's Paradise' – daily errands do not require a car. Residents enjoy convenient access to employment centers, retail, & more
- Owned & operated for the last 14 years
- Current ownership has attentively maintained the property
- Located near shopping, vibrant restaurants, museums, cafes, bars, theaters, grocery stores, gyms and employment opportunities throughout Koreatown, Downtown LA, Mid-City, and more
Exclusively Listed By
Listing Price: $2,400,000
Investment Highlights
- Residents are within walking distance or short Uber ride to popular local amenities such as The LINE Hotel, Chapman Plaza, City Center on 6th, Parks Korean BBQ and other local favorites
- The government required seismic retrofit work has already been completed, which saves a new investor substantially in capital and time
- Located in a desirable pocket of Koreatown. With a walk score of 93 'Walker's Paradise' – daily errands do not require a car. Residents enjoy convenient access to employment centers, retail, & more
- Owned & operated for the last 14 years
- Current ownership has attentively maintained the property
- Located near shopping, vibrant restaurants, museums, cafes, bars, theaters, grocery stores, gyms and employment opportunities throughout Koreatown, Downtown LA, Mid-City, and more
Investment Overview
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 12-unit apartment community located at 917 South Kenmore Avenue in Los Angeles, California. Situated just north of Olympic Boulevard in the vibrant and rapidly developing Koreatown neighborhood, this property offers in-place yield, with tremendous upside for investors. Located in the heart of Koreatown, the property benefits from strong market fundamentals and is surrounded by an abundance of nightlife, restaurants, coffee shops, and employment centers. The asset is situated on a 6,411 square foot lot, comprised of four, singles/guest rooms* and eight one-bedroom units. Select units have been upgraded with hardwood floors, stainless steel kitchen appliances, renovated bathrooms, and more. The property has 20% remaining rental upside through interior renovations to remaining units. The ongoing redevelopment of the surrounding area, coupled with the value-add potential for a new owner to renovate remaining units and unlock superior future returns, make 917 South Kenmore Avenue an exceptional acquisition opportunity. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS. *LADBS certificate of occupancy indicates that there are 8 apartments & 4 guest rooms. Single units are all equipped with kitchens per Seller - Buyer to verify unit configuration.
Exclusively Listed By
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