162 N Kenmore Avenue Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90004
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,046 sqft
Price per Sqft $295
MLS Listing ID CL25596219
HOA Y/N No
Year Built 1924
Lot Size 7,246 Sqft
Acres 0.17
Property Sub-Type Other
Property Description
Built in the 1924, 162 N Kenmore Avenue is a unique and special investment opportunity on a great street in Koreatown. The property consists of 18 attractive units one (1) Bachelor apartment, thirteen (13) Studio apartments, and four (4) One Bedroom / One Bath apartment units. Investors and tenants alike will note the striking and welcoming 1920s design and aesthetic throughout. The updated exterior facade makes the property stand out amongst neighboring buildings, and the lobby and common areas promote a welcome and turn-of-the-century aesthetic. 162 N Kenmore Avenue is separately metered for gas and master metered for electricity. Consequently, ownership will have the opportunity to increase annual rents by 4%. Additionally, potentiality exists to create new revenue streams with the implementation of a RUBs system. The building offers secure access along with on-site washers and dryers, which are leased. Located in Koreatown, 162 N Kenmore Avenue is a short distance from the City's primary employers in Downtown Los Angeles and Hollywood and has world-class access to public transportation. With a Walk Score of 83 out of 100, the location is Very Walkable, and most errands can be accomplished on foot.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5518018012