Skip To Content

    411 N Kenmore Ave

    Los Angeles, CA 90004
    • $3,500,000
    • STATUS: Active
    • ON SITE: 17 days
    • MLS #: 21-741888
    UPDATED: 50 min ago
    $3,500,000
    • 16
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,376
      SQFT
    • $475
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1989
    County:
    Area:

    School Ratings & Info

    Description

    411 N. Kenmore Avenue, an eight-unit multifamily property, conveniently located near some of Los Angeles' hottest rental markets such as Koreatown and East Hollywood. Residing in an Opportunity Zone, the subject property is one block north of Beverly Boulevard and conveniently located near a wide selection of shopping centers, small businesses and fast-casual restaurants.The 7,376 SF three-story building is comprised of (8) two-bedroom and two bath units. Two units can be delivered vacant upon close of escrow. Constructed in 1989, 411 N. Kenmore is subject to AB1482, which allows an investor to raise rents by 5% + CPI annually. The well-maintained property features a new roof, copper plumbing and ample on-grade parking.With a favorable unit mix and located in an Opportunity Zone, 411 N. Kenmore presents investors with the opportunity to purchase an asset with incredible promise in an ever-growing submarket.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-19T16:42:53.78. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.desertarealuxuryhomes.com/homes/117784436
    Print Image

    411 N Kenmore Ave Los Angeles, CA 90004

    • Price: $3,500,000
    • Status: Active
    • Updated: 50 min ago
    • MLS #: 21-741888
    16
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    7,376
    SQFT
    $475
    $/SQFT
    1989
    Built
    Neighborhood:
    Mid-Wilshire
    County:
    Los Angeles
    Area:
    Mid-Wilshire
    Property Description
    411 N. Kenmore Avenue, an eight-unit multifamily property, conveniently located near some of Los Angeles' hottest rental markets such as Koreatown and East Hollywood. Residing in an Opportunity Zone, the subject property is one block north of Beverly Boulevard and conveniently located near a wide selection of shopping centers, small businesses and fast-casual restaurants.The 7,376 SF three-story building is comprised of (8) two-bedroom and two bath units. Two units can be delivered vacant upon close of escrow. Constructed in 1989, 411 N. Kenmore is subject to AB1482, which allows an investor to raise rents by 5% + CPI annually. The well-maintained property features a new roof, copper plumbing and ample on-grade parking.With a favorable unit mix and located in an Opportunity Zone, 411 N. Kenmore presents investors with the opportunity to purchase an asset with incredible promise in an ever-growing submarket.
    Exterior Features

    Covered Parking 12 Cross Streets N. Kenmore Avenue & Oakwood Avenue Lot Size Area 6930 Other Structures None Parking Garage Controlled EntranceCovered ParkingGated Total Parking 12

    Interior Features

    Baths Total 16.00 Common Walls Attached Cooling None Equipment Built-InsCableRefrigeratorRange/Oven Flooring WoodTile Heating Central Laundry Community

    Property Features

    Gross Income 216540 Gross Operating Income 210044 Like Units1 2 Like Units2 5 Like Units3 1 Net Operating Income 136554.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Security Features Automatic Gate Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 73490 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Kenny Stevens DRE#01090251 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-19T16:42:53.78. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-741888-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-741888-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-741888-2.jpg
    Logo
    The Sandi Phillips Team | Compass
    74199 El Paseo, Suite 200
    Palm Desert CA, 92260