250 South Kenmore Avenue

Los Angeles, CA 90004

$6,295,000
Price
6
Beds
40
Baths
24,592 Sq. Ft.
$256 / Sq. Ft.
24,592
Sq. Ft.
$256
per Sq. Ft.

Description

250 S Kenmore Ave is a 40-unit apartment building located in the heart of Koreatown, one of Los Angeles' most desirable and rapidly developing submarkets. Originally built in 1926, this well-maintained, four-story property has undergone significant unit renovations and offers additional value-add potential. The building features a strong unit mix of 34 studio units and 6 one-bedroom, one-bath units.250 S Kenmore provides investors with the chance to enter a high-demand rental market, with potential...250 S Kenmore Ave is a 40-unit apartment building located in the heart of Koreatown, one of Los Angeles' most desirable and rapidly developing submarkets. Originally built in 1926, this well-maintained, four-story property has undergone significant unit renovations and offers additional value-add potential. The building features a strong unit mix of 34 studio units and 6 one-bedroom, one-bath units.250 S Kenmore provides investors with the chance to enter a high-demand rental market, with potential for further value through additional renovations. Twenty-eight of the forty units have been extensively renovated with high-end finishes which include new stainless-steel appliances, laminate and tile flooring, upgraded kitchens with new cabinets, stone countertops, and tile backsplashes, new fixtures, new paint, new based moldings, and energy efficient LED lighting. The property also offers secure access and on-site laundry facilities for tenant convenience. Beyond the units, the property has seen substantial upgrades, including a new roof installed in 2014, a fully renovated lobby with new paint, tile, and lighting, and refreshed common area hallways with new paint, refinished hardwood floors, and updated lighting fixtures. In 2017, current ownership installed a solar thermal system and a new boiler. Additionally, the property features drought-resistant landscaping, contributing to sustainability and water conservation efforts. While the property has undergone significant renovations, there remains an opportunity for investors to capitalize on the remaining rental upside through a comprehensive interior renovation program. 250 S Kenmore is ideally located in one of Los Angeles' most vibrant and sought-after neighborhoods. The property is a Walker's Paradise, with convenient access to a wide range of nearby amenities, including entertainment venues, restaurants, shopping, hotels, and nightlife. Positioned in an area with substantial economic growth, 250 S Kenmore presents a unique opportunity to acquire a well-maintained asset with strong potential for long-term appreciation and rental growth.
  1. Listed by Janet Neman • DRE #01069127 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.
  2. Listed by Angelica Gotzev • DRE #02053007 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 250 South Kenmore Avenue

Zoning
LAR3
Parcel Number
5518021019
Total Units
40.0
Living Area
24592
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
3%
Lot Size Area
8948

Location

Listing Courtesy of Kidder Mathews of California, Inc., Janet Neman, DRE #01069127; Kidder Mathews of California, Inc., Angelica Gotzev, DRE #02053007
Add your commute
LISTING UPDATED: 02/06/2025 12:01 AM

Property Details for 250 South Kenmore Avenue

StatusActive
MLS #25491227
Days on Market35
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1926
Lot Size0.21 AC / 8,948 SF
CountyLos Angeles County

Building Information for 250 South Kenmore Avenue

Stories4Residences-Year Built1926Building Size-Lot Size0.21 AC / 8,948 SF

Payment Calculator

$37,795 per month

30 year fixed, 6.845% Interest

Principal and Interest

$32,982

Property Taxes

$4,813

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 250 South Kenmore Avenue

Community / Development
Community / Development
  • Number Of Units: 40
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 4
  • Number Of Buildings: 1
  • Type Of Units: Multifamily
Contract Info
Contract Info
  • Disclosures: Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $693,749
  • Net Operating Income: $433,407.00
  • Gross Income: $715,205
  • Cap Rate: 6.88%
  • Gross Rent Multiplier: $8.80
  • Total Annual Expense: 260342
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2054
  • Lot Size Square Feet: 8948
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Refrigerator, Ceiling Fan, Range/Oven
  • Interior Features: Ceiling Fan(s)
  • Laundry: Community, Laundry Area
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-29-2025
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,406.00
  • Unit Actual Rent: $47,808.00
  • Unit Projected Rent: $50,830.00
  • Like Units: 34
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,564.00
  • Unit Actual Rent: $9,386.00
  • Unit Projected Rent: $10,170.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,138,219.00
  • Assessed Improvement Percent: 25.01
  • Assessed Land Value: $3,412,898.00
  • Assessed Land Percent: 74.99
  • Assessed Total Value: $4,551,117.00

Property History for 250 South Kenmore Avenue

DateEvent & SourcePriceAppreciation
Jan 29, 2025

Listed (Active)

CRMLS #25491227

$6,295,000—
Jan 29, 2025

Listed (Active)

CLAW #25491227

$6,295,000—
Jul 3, 2014

Sold (Public Record)

Public Record #420451050

$3,862,500

+3.9% / yr

Oct 18, 2005

Sold (Public Record)

Public Record #166456532

$2,775,000—
DateEvent & SourcePrice
01/29/2025

Listed (Active)

CRMLS #25491227

$6,295,000
01/29/2025

Listed (Active)

CLAW #25491227

$6,295,000
07/03/2014

Sold (Public Record)

Public Record #420451050

$3,862,500

+3.9% / yr

10/18/2005

Sold (Public Record)

Public Record #166456532

$2,775,000

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

Public Records for 250 South Kenmore Avenue

Taxable ValueLand$3,412,898Additions$1,158,719Total$4,571,617
Tax Record2024$57,751 ($4,813 / month)
Home Facts
Total Finished SqFt24,592 SqFtAbove Grade Finished SqFt24,592 SqFtLot Size8,945 SqFtStyleMulti-Family Res (5+ Units)Year Built1926ZoningLAR3CountyLOS ANGELESAPN5518-021-019

Schools near 250 South 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.

Similar Homes

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Similar Sold Homes

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250 South Kenmore Avenue is a multi-family home for sale in Los Angeles, CA 90004. This property was listed for sale on January 29, 2025 by Kidder Mathews of California, Inc., it's currently listed at $6,295,000. It has been on the market for a total of 35 days and was last sold on July 3, 2014. This listing's school district is Los Angeles Unified School District. Nearby schools include Frank Del Olmo Elementary School, Virgil Middle School and Academic Leadership Community School. 250 South Kenmore Avenue is a 6-bed, 40-bath, 24,592 sqft multi-family home built in 1926.

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 Kidder Mathews of California, Inc., Janet Neman, DRE #01069127; Kidder Mathews of California, Inc., Angelica Gotzev, DRE #02053007

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.