849 S Kenmore Avenue

    Los Angeles (City), CA 90005
    • $3,075,000
    • STATUS: Active
    • ON SITE: 84 days
    • ID#: 18411228
    UPDATED: 159 min ago
    $3,075,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,513
      SQFT
    • $246
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    The 849 Kenmore Apartments is a 22 unit, 1920's construction apartment building. The property is three stories and of reinforced brick construction. The property is individually metered for electricity and master-metered for all other utilities. The property is of a central hallway configuration with two staircases and no elevator. The unit mix consists of 22 studios with a kitchen and bathroom. There is no on-site parking but the property is within walking distance to several bus stations as well as the metro line. The property has extremely low rents, providing an enormous upside in lease rates for a new owner. All entrances are secured. There is a laundry facility on-site.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-21T00:31:27.547. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/89703541

    849 S Kenmore Avenue Los Angeles (City), CA 90005

    • Price: $3,075,000
    • Status: Active
    • Updated: 159 min ago
    • ID#: 18411228
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    12,513
    SQFT
    $246
    $/SQFT
    1924
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    The 849 Kenmore Apartments is a 22 unit, 1920's construction apartment building. The property is three stories and of reinforced brick construction. The property is individually metered for electricity and master-metered for all other utilities. The property is of a central hallway configuration with two staircases and no elevator. The unit mix consists of 22 studios with a kitchen and bathroom. There is no on-site parking but the property is within walking distance to several bus stations as well as the metro line. The property has extremely low rents, providing an enormous upside in lease rates for a new owner. All entrances are secured. There is a laundry facility on-site.
    Exterior Features

    Lot Features Sprinklers None Lot Size Units Square Feet

    Interior Features

    Laundry Features Area

    Property Features

    Gross Multiplier 12.91 Gross Operating Income 234911.00 Improvements Amount 476193 Land Value 1109316 Laundry YN Yes Net Operating Income 123752.00 Special Listing Conditions Standard Total Expenses 107412.00 Zoning Lar4

    Listing provided courtesy of Brent Sprenkle of Berkadia


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-21T00:31:27.547. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Heller The Home Seller
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024