205 North Kenmore Avenue

Los Angeles, CA 90004

$4,950,000
Price
30
Beds
30
Baths
15,408 Sq. Ft.
$321 / Sq. Ft.
15,408
Sq. Ft.
$321
per Sq. Ft.

Description

We are pleased to present 205 N Kenmore Ave, a 31-unit multifamily investment opportunity in the Koreatown neighborhood of Los Angeles located between Beverly Blvd & 1st St. The property features a unit mix of 31 singles; renovated units include refinished floors, updated appliances, tile bathrooms, new cabinetry, and ceiling fans. At the asking price, the property is being offered at a 6.37% CAP rate at 9.35 GRM on current income with an additional 13% rental upside achievable as units turn through...We are pleased to present 205 N Kenmore Ave, a 31-unit multifamily investment opportunity in the Koreatown neighborhood of Los Angeles located between Beverly Blvd & 1st St. The property features a unit mix of 31 singles; renovated units include refinished floors, updated appliances, tile bathrooms, new cabinetry, and ceiling fans. At the asking price, the property is being offered at a 6.37% CAP rate at 9.35 GRM on current income with an additional 13% rental upside achievable as units turn through continued interior renovations. The property has professional landscaping and a secured, gated entrance with intercom access and security cameras; significant cap ex has been invested by ownership into the systems and common areas including new security camera system, solar thermal panels, storage tank, common area paint, and new intercom. The building is separately metered for electricity and has an on-site laundry room with three washers and two dryers (lease with Dadson). High Walk Score of 87, the property is walking distance to the Metro Red & Purple Rail Lines, and Metro Local Lines along Beverly Blvd & 1st St. This neighborhood of Koreatown is ideally located with a short commute to Downtown Los Angeles, Hollywood, and Mid-City.
  1. Listed by Neema Ahadian • DRE #01346750 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 205 North Kenmore Avenue

Zoning
LAR3
Parcel Number
5518017026
Total Units
31.0
Living Area
15408
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
1
Lot Size Area
7607
LISTING UPDATED: 01/06/2025 05:38 PM

Property Details for 205 North Kenmore Avenue

StatusActive
MLS #25-477473
Days on Market23
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built-
Lot Size0.17 AC / 7,607 SF
CountyLos Angeles County

Building

Building Information for 205 North Kenmore Avenue

Stories3Residences-Year Built-Building Size-Lot Size0.17 AC / 7,607 SF

Property Information for 205 North Kenmore Avenue

Community / Development
Community / Development
  • Number Of Units: 31
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $502,979
  • Net Operating Income: $315,326.00
  • Gross Income: $529,451
  • Cap Rate: 6.37%
  • Gross Rent Multiplier: $9.35
  • Actual Annual Gross Rent: $529,452.00
  • Actual Gross Annual Income: $529,451
  • Actual Rent Total: $529,452.00
  • Vacancy Allow Dollar: $26,473.00
  • Vacancy Allow Percent: 5.00%
  • Total Annual Expense: 187652
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1746
  • Lot Size Square Feet: 7607
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Three Or More
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-06-2025
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,414.00
  • Unit Actual Rent: $43,823.00
  • Unit Projected Rent: $49,600.00
  • Like Units: 31
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,645,388.00
  • Assessed Improvement Percent: 30.26
  • Assessed Land Value: $3,792,762.00
  • Assessed Land Percent: 69.74
  • Assessed Total Value: $5,438,150.00

Property History for 205 North Kenmore Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 205 North Kenmore Avenue

Taxable ValueLand$3,868,617Additions$1,681,355Total$5,549,972
Tax Record2024$68,697 ($5,725 / month)
Home Facts
Total Finished SqFt15,408 SqFtAbove Grade Finished SqFt15,408 SqFtLot Size7,605 SqFtStyleMulti-Family Res (5+ Units)Year Built1925ZoningLAR3CountyLOS ANGELESAPN5518-017-026

Schools near 205 North Kenmore Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Frank Del Olmo Elementary School
PublicK to 5

Virgil Middle School
Public6 to 8

Academic Leadership Community School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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205 North Kenmore Avenue is a multi-family home for sale in Los Angeles, CA 90004. This property was listed for sale on December 16, 2024 by Marcus & Millichap, it's currently listed at $4,950,000. It has been on the market for a total of 23 days and was last sold on March 14, 2017. This listing's school district is Los Angeles Unified School District. Nearby schools include Frank Del Olmo Elementary School, Virgil Middle School and Contreras Learning Center-School Of Social Justice. 205 North Kenmore Avenue is a 30-bed, 30-bath, 15,408 sqft multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Neema Ahadian, DRE #01346750

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.