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1614 N Kenmore AVE Los Angeles, CA 90027
6,111 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV25095999
HOA Y/N No
Year Built 1926
Lot Size 6,111 Sqft
Property Sub-Type Mixed Use
Property Description
We are proud to exclusively present the 1614 N Kenmore Avenue Apartments near the Thai Town, Little Armenia and Los Feliz neighborhoods of Los Angeles. Located walking distance from the Vermont/Sunset Metro Station, Barnsdall Art Park and Kaiser Permanente Medical Center. Northwest of the Hollywood (101) Freeway, South of Hollywood and North of Sunset Boulevard, this property offers an investor the unique opportunity to own one of the most "in-demand" pieces of real estate in the most attractive rental markets in Los Angeles. 1614 N Kenmore Avenue is a 12-unit multifamily property with a total building size of over 7,600 square feet.
The well-maintained property, separately metered for electric and gas, is serviced by a central water heater and offers a unit mix of 4 studios and 8 one-bedroom/one-bathroom units. Owned by one family for over 30 years, it is in great condition! While the current ownership has diligently maintained the property, it has not been aggressive in increasing rents, allowing for a quoted pro-forma of almost 100% increase from current rental rates, allowing a new owner the opportunity to consistently increase rents for the near future and/or fully renovate the units to bring the property in line with nearby rental rates. *Note that there are currently 3 vacancies for a new owner to upgrade or rent themselves immediately! Given the property's solid real estate fundamentals, including its desirable location, unit mix and well-maintained building, 1614 N Kenmore Avenue is an ideal investment for a value-add investor seeking growth, stability, and a hedge against inflation.
The well-maintained property, separately metered for electric and gas, is serviced by a central water heater and offers a unit mix of 4 studios and 8 one-bedroom/one-bathroom units. Owned by one family for over 30 years, it is in great condition! While the current ownership has diligently maintained the property, it has not been aggressive in increasing rents, allowing for a quoted pro-forma of almost 100% increase from current rental rates, allowing a new owner the opportunity to consistently increase rents for the near future and/or fully renovate the units to bring the property in line with nearby rental rates. *Note that there are currently 3 vacancies for a new owner to upgrade or rent themselves immediately! Given the property's solid real estate fundamentals, including its desirable location, unit mix and well-maintained building, 1614 N Kenmore Avenue is an ideal investment for a value-add investor seeking growth, stability, and a hedge against inflation.
Location
State CA
County Los Angeles
Area 637 - Los Feliz
Zoning LARD1.5
Interior
Fireplaces Type None
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Private Pool No
Building
Lot Description Level, Rectangular Lot
Story 2
Entry Level Two
Sewer Public Sewer
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5543008021
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by Mark Sanfilippo • KELLER WILLIAMS EMPIRE ESTATES • 9099219050
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