520 South Kenmore Avenue

Los Angeles, CA 90020

$5,900,000
Price
15
Beds
24
Baths
18,783 Sq. Ft.
$314 / Sq. Ft.
18,783
Sq. Ft.
$314
per Sq. Ft.

Description

UNIT MIX: 1Bed 1Bath x 15. Studio 1Bath X 9. Actual current monthly income: $33,700. Annual $404,400. What a location! Yes, they say location matters and it really does. Within feet reaching location of ever-so-famous Chapman Plaza, City Center and the rest of the "Koreatown Sixth Street Corridor" First time on the market in 15 years! Huge upside potential for income! All tenants are current on their rental payments. Subterranean gated parking of 24 cars all side x side all separately metered. R4...UNIT MIX: 1Bed 1Bath x 15. Studio 1Bath X 9. Actual current monthly income: $33,700. Annual $404,400. What a location! Yes, they say location matters and it really does. Within feet reaching location of ever-so-famous Chapman Plaza, City Center and the rest of the "Koreatown Sixth Street Corridor" First time on the market in 15 years! Huge upside potential for income! All tenants are current on their rental payments. Subterranean gated parking of 24 cars all side x side all separately metered. R4 Zoning of approximately 10,000 SF lot on Tier 3 TOC with number of new developments/projects within close proximity to the subject property. 100% RC, NON-HPOZ. New roof is being installed, majority of electricals and plumbing were upgraded in the recent past years per Seller. Drive-by ONLY! See Private Remarks.
  1. Listed by Peter Yoo • DRE #01449891 • Brokerage DRE #01004371 • Masters Realty & Investment

Property Details for 520 South Kenmore Avenue

Zoning
LAR4
Parcel Number
5502021004
Total Units
24.0
Living Area
18783
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
0
Lot Size Area
9817
LISTING UPDATED: 12/18/2024 11:16 AM

Property Details for 520 South Kenmore Avenue

StatusActive
MLS #24-408191
Days on Market178
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.23 AC / 9,817 SF
CountyLos Angeles County

Virtual Tour

Building Information for 520 South Kenmore Avenue

Stories-Residences-Year Built1961Building Size-Lot Size0.23 AC / 9,817 SF

Property Information for 520 South Kenmore Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Complex Name: Kenmore APT.
  • Number Of Units: 24
  • Amenities: Elevator
  • Community Features: Community Mailbox
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: RC
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s), Gated
  • Property Condition: Updated/Remodeled
  • Sewer: Other
  • Water Heaters: Yes
  • Additions Alterations: No
  • Water Heater Features: Central Water Heater
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan, Cash
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $404,400
  • Net Operating Income: $301,400.00
  • Gross Income: $404,400
  • Gross Scheduled Income: $404,000
  • Cap Rate: 5.10%
  • Gross Rent Multiplier: $14.60
  • Actual Annual Gross Rent: $404,400.00
  • Actual Gross Annual Income: $404,400
  • Monthly GrossI Income: $33,700.00
  • Actual Rent Total: $404,400.00
  • Vacancy Allow Percent: .00%
  • Owner Pays: Water
  • Total Annual Expense: 103000
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.2254
  • Lot Size Square Feet: 9817
Parking Details
Parking Details
  • Parking Garage: Subterr Side by Side, Covered Parking, Gated Underground, Auto Driveway Gate, Controlled Entrance
  • Total Parking: 24
  • Covered Parking: 24
  • Garage Spaces Total: 24
  • Parking Features: Side by Side, Covered, Auto Driveway Gate, Controlled Entrance
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Intercom, Microwave, Garbage Disposal, Gas Or Electric Dryer Hookup, Hood Fan, Trash Compactor
  • Room Bathroom Features: Low Flow Toilet(s)
  • Bathroom Features: Low Flow Toilet(s)
  • Common Walls: Attached
  • Cooking Appliances: Built-In Gas, Gas Grill
  • Laundry: Community
  • Laundry Equipment: Lease
  • Disability Access: Partial Handicap Access
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Flat
  • Sprinklers: None
  • Entry Location: Ground Level - no steps
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-27-2024
  • Listing Terms: Cash To New Loan
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 15
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 9
Unit Details
  • Unit Type Type: 2106, 2107
  • Number Leased: 24
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,861,046.00
  • Assessed Improvement Percent: 60.0
  • Assessed Land Value: $1,240,694.00
  • Assessed Land Percent: 40
  • Assessed Total Value: $3,101,740.00

Property History for 520 South 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 520 South Kenmore Avenue

Taxable ValueLand$1,265,507Additions$1,907,866Total$3,173,373
Tax Record2024$40,477 ($3,373 / month)
Home Facts
Total Finished SqFt18,783 SqFtAbove Grade Finished SqFt18,783 SqFtLot Size9,815 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningLAR4CountyLOS ANGELESAPN5502-021-004

Schools near 520 South Kenmore Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 12
Public - K to 12
Public - 6 to 8
Rating
School
Distance
UCLA Community School
PublicK to 12

Young Oak Kim Academy
Public6 to 8

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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520 South Kenmore Avenue is a multi-family home for sale in Los Angeles, CA 90020. This property was listed for sale on June 26, 2024 by Masters Realty & Investment, it's currently listed at $5,900,000. It has been on the market for a total of 178 days and was last sold on May 28, 2009. This listing's school district is Los Angeles Unified School District. Nearby schools include Rfk Community Schools - Ambassador School - Global Education, Rfk Community Schools-New Open World Academy K-12 and UCLA Community School. 520 South Kenmore Avenue is a 15-bed, 24-bath, 18,783 sqft multi-family home built in 1961.

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 Masters Realty & Investment, Peter Yoo, DRE #01449891

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.