132 Kenmore Ave Los Angeles, CA 90004
- Apartment buildings
- 7,002 SF
- 0.16 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 132 Kenmore Ave
- Year built
- 1925
- Lot size
- 0.16 lot acres
- Property size
- 7,002 SF
- Property type
- Apartment buildings
Description
This exceptional 4-unit apartment building presents a compelling investment opportunity in Los Angeles' vibrant Koreatown. Boasting 6,844 square feet of net rentable space across four spacious units, each unit offers approximately 1,700 square feet of living area with 3 bedrooms and 2 bathrooms. The property sits on a 0.16-acre lot and includes 8 parking spaces. Built in 1925, the building showcases the timeless beauty of Spanish Colonial architecture, a rare find in this location. Currently operating at a 6.61% capitalization rate with a net operating income (NOI) of $115,837, the property offers significant upside potential. The asking price is $1,752,000, translating to $250.21 per square foot and $438,000 per unit. The property is zoned LAR3, allowing for potential expansion. Its prime location offers easy access to public transportation, including the Vermont/Beverly Metro station, and major freeways, enhancing its appeal to tenants. This property is a rare combination of architectural charm, substantial size, and strong investment potential in a highly desirable Los Angeles neighborhood. The building's current vacancy rate presents an opportunity to increase NOI through improved occupancy.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.296
- Latitude
- 34.0718
