Overview
Koreatown Multifamily Portfolio Opportunity
Located in the Koreatown/Mid-Wilshire neighborhood of Los Angeles, 221 & 227 S Kenmore Avenue comprise a two-property portfolio. The properties are situated within the Ambassador Heights and Edgemont Street–New Hampshire Avenue Multi-Family Residential Historic Districts. Constructed in 1939, the portfolio consists of two adjacent six-unit buildings with a shared central courtyard, featuring French Revival Norman architectural design. The buildings total 12 units, with a mix of four 2-bedroom, 1-bathroom units and eight 1-bedroom, 1-bathroom units, averaging approximately 1,400 square feet and 900 square feet, respectively, with an overall average unit size of approximately 1,096 square feet. Together, the buildings provide 13,156 gross square feet of living space on 16,514 square feet of LAR3-1-zoned land. The portfolio includes 16 on-site parking spaces, consisting of 12 garage spaces and 4 uncovered spaces, and features an on-site laundry room. The units offer interiors with a combination of hardwood, laminate, and tile flooring throughout living areas, bedrooms, and kitchens. Kitchens provide ample cabinetry and countertop space, with select units showcasing newer white cabinetry and modern hardware. Bathrooms are equipped with updated vanities, contemporary fixtures, and glass-enclosed tub/shower combinations. Classic wall-mounted gas heaters add character while providing functional warmth. With a Walk Score of 90, the property is located close to Wilshire Boulevard and the 101, 2, 10, and 110 freeways, and just 0.8 miles from the Wilshire/Vermont Metro B (Red) and D (Purple) Line station, offering connectivity to the shopping, dining, entertainment, and cultural destinations of Koreatown, Westlake, Mid-Wilshire, Hollywood, and revitalized Downtown Los Angeles.
