845 S Kenmore Ave Los Angeles, CA 90005
Value-add 12-unit apartment building in Koreatown with upside potential.
Lot size:
0.16 AcresProperty Features for 845 S Kenmore Ave
General Information
- Lot size
- 0.16 Acres
Building Details
- Year built
- 1963
Source:
Elliman
Listing Agency: Marcus & Millichap
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Koreatown 12-Unit Apartment Building
This 12-unit apartment community is located at 845 South Kenmore Avenue, just south of 8th Street in Koreatown. The property is situated on a 6,759 square foot parcel and features four studios and eight one-bedroom units. Two of the units will be delivered vacant, allowing for immediate renovation and market rental rate achievement. The property has 14% remaining rental upside through unit renovations. 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, makes this an excellent acquisition opportunity.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.29714
- Latitude
- 34.08706
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FAQs
What type of property is this?
Apartment building - Value-add 12-unit apartment building in Koreatown with upside potential.
Where is this apartment building located?
The property is located at 845 S Kenmore Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: - 12-unit apartment community in desirable Koreatown sub-market.; - Two vacant units allow for immediate renovation and market rate rents.; - 14% rental upside potential through unit renovations.