Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

7

Building size

4,924 sqft

Lot size

10,327 sqft

Year built

1922

Stories

2

Garage spaces

3

Heating

None

Cooling

None

Pool

None

View

Neighborhood

Status

Active

Days on market

0

MLS #

248719980

About this property

Don't miss this incredible investment opportunity in the heart of Los Angeles! This expansive property is made up of three separate buildings with 7 total units, with potential for 10 units. Five of the current units showcase two bedrooms and one full bathroom while two of the units are made up of one bedroom and one bathroom. Nestled in the desirable Mid-Wilshire area, it's located in a Qualified Opportunity Zone (QOZ) potentially offering powerful tax benefits. The exterior charm boasts the spirit of Los Angeles, alongside a full length concrete driveway serving the back garages and parking spaces. This investment is zoned LAR3-1 and is additionally located within a Tier 3 TOC Area, allowing for potential additional development density bonuses due to its proximity to public transportation. Each of the units features its own washer/dryer hookups that are separately metered, Buyer to verify. Additional property features including a recent $50,000+ interior renovation throughout the units. Ideally located in the Mid-Wilshire corridor near freeways, allowing easy access to downtown Los Angeles, LA City College, Dodger Stadium, and nearby hotspots like Los Feliz, Silver Lake, and Hollywood. Buyers to verify all zones and potential tax benefits. Buyers to verify all potential development bonuses and all development potential with the City. Digitally altered conceptual renderings in supplements. Improvements shown are not included in the purchase price.

Location

525 N Kenmore Avenue

Los Angeles, Los Angeles, CA, 90004