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    417 S Kenmore Avenue

    Los Angeles (City), CA 90020
    • $6,200,000
    • STATUS: Active
    • ON SITE: 202 days
    • ID#: 20638948
    Price Reduced
    UPDATED: 176 min ago
    $6,200,000
    • 0
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,892
      SQFT
    • $569
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    Description

    We are proud to present this significant price reduction for these 22-unit apartment building located at 417 South Kenmore Avenue, in the 90020 zip code of Koreatown one of the most up-and-coming rental pockets in the city and within walking distance to many of city's most popular restaurants and social centers such as Sweetgreens, Blue Bottle, HMart, Silverlake Ramen, 7-Eleven, and Quarters Korean Barbecue. The property comes equipped with many high-end energy efficient features such as LED lights, energy efficient A/C units, electric fireplaces, and rooftop solar panels for the water heaters, which help to significantly cut landlords utility costs. A new owner could also explore the possibility of utilizing those solar panels to aid with common area energy expenses or perhaps installing additional ones to do so. The property is 100% leased up and fully renovated. Despite that, there are a couple of different ways that a new owner could potentially add even more value. The largest value-add component that could be realized by the new owner would be by utilizing the new ADU program that was rolled out state-wide in January 2020. Through that program, the new owner has the ability to add up to six (6) additional units to the property depending on the decided upon parking layout, adding over $2 million in value.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-19T12:43:26.903. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zember Realty Group. Licensed in the State of California, USA.
    www.zemberrealtygroup.com/homes/110480033
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    417 S Kenmore Avenue Los Angeles (City), CA 90020

    • Price: $6,200,000
    • Status: Active
    • Updated: 176 min ago
    • ID#: 20638948
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    10,892
    SQFT
    $569
    $/SQFT
    1956
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    We are proud to present this significant price reduction for these 22-unit apartment building located at 417 South Kenmore Avenue, in the 90020 zip code of Koreatown one of the most up-and-coming rental pockets in the city and within walking distance to many of city's most popular restaurants and social centers such as Sweetgreens, Blue Bottle, HMart, Silverlake Ramen, 7-Eleven, and Quarters Korean Barbecue. The property comes equipped with many high-end energy efficient features such as LED lights, energy efficient A/C units, electric fireplaces, and rooftop solar panels for the water heaters, which help to significantly cut landlords utility costs. A new owner could also explore the possibility of utilizing those solar panels to aid with common area energy expenses or perhaps installing additional ones to do so. The property is 100% leased up and fully renovated. Despite that, there are a couple of different ways that a new owner could potentially add even more value. The largest value-add component that could be realized by the new owner would be by utilizing the new ADU program that was rolled out state-wide in January 2020. Through that program, the new owner has the ability to add up to six (6) additional units to the property depending on the decided upon parking layout, adding over $2 million in value.
    Property Features

    Gross Income 422366 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 280385 Senior Community YN No Special Listing Conditions Standard Zoning Lar4

    Listing provided courtesy of Filip Niculete of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-19T12:43:26.903. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zember Realty Group. Licensed in the State of California, USA.
     
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    Zember Realty Group
    1125 Linda Vista Dr.
    San Marcos CA, 92078