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    417 S Kenmore Ave

    Los Angeles, CA 90020
    • $6,200,000
    • STATUS: Active
    • ON SITE: 261 days
    • MLS #: 20-638948
    $6,200,000
    • 22
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,892
      SQFT
    • $569
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:
    Area:

    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 the Combined LA/Westside Multiple Listing Service as of 2021-06-16T23:42:40.65. 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.
    www.deserthouseseekers.com/homes/110478065
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    417 S Kenmore Ave Los Angeles, CA 90020

    • Price: $6,200,000
    • Status: Active
    • MLS #: 20-638948
    22
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    10,892
    SQFT
    $569
    $/SQFT
    1956
    Built
    Neighborhood:
    Mid-Wilshire
    County:
    Los Angeles
    Area:
    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.
    Exterior Features

    Lot Size Area 13179 Other Structures Other Parking Garage Other Total Parking 20

    Interior Features

    Baths Total 22.00 Cooling Other Equipment Other Heating Other

    Property Features

    Assessed Total Value 3505000 Gross Income 422366 Gross Operating Income 422366 Like Units1 19 Like Units2 1 Like Units3 2 Net Operating Income 280385.00 Number Of Buildings 1 Number Of Units 22 Sale Type Standard Source Living Area Assessor Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 141961 Type Of Units Standard Year Built Source Vendor Enhanced Zoning Lar4

    Listing provided courtesy of Filip Niculete DRE#01905352 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-16T23:42:40.65. 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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    Zwemmer Realty Group | Keller Williams Realty
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    Indian Wells CA, 92210