$1,350,000
111 N Kenmore AVE Los Angeles, CA 90004
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$1,350,000
Est. payment /mo
8 Beds
4 Baths
5,972 SqFt
UPDATED:
09/30/2024 06:12 PM
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 5,972 sqft
Price per Sqft $226
MLS Listing ID 24422805
Bedrooms 8
HOA Y/N No
Year Built 1924
Lot Size 7,588 Sqft
Property Description
Exceptional Investment Opportunity in Prime L.A. Location. Discover this well maintained property, perfectly positioned near all the conveniences of Los Angeles. This stately building boasts nearly 6,000 sq. ft. of expansive living space, featuring spacious units that offer incredible potential. Rarely found, this property includes a large parking court and four garages, providing ample space for residents and guests alike. Built in the pre-Depression era, this investment is a testament to enduring quality and design, featuring oversized windows, a balcony, a tiled roof, and exquisite 1920s ornate details that exude charm and character. The curb appeal is simply unmatched, showcasing the timeless beauty of a bygone era. Properties of this caliber are a rarity in today's market. Situated in the heart of Los Angeles, this property is located in a rapidly expanding, high-demand area, offering significant growth potential. Whether you're an investor seeking a buy-and-hold opportunity or considering an owner-user investment, this property offers incredible flexibility. Brand new plumbing throughout. All units are currently month-to-month, providing new owners with the opportunity to increase rents by 3% per unit upon lease renewal. This is a straightforward sale, not subject to 1031 exchange but willing to work with buyer on exchange if necessary. Please do not disturb tenants. We appreciate your interest and look forward to helping you explore this exceptional investment opportunity. Thank you for considering this remarkable property for your investment portfolio.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Exterior
Attached Garage No
Total Parking Spaces 4
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5518016023
Special Listing Condition Standard
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Listed by Dan Heston • eXp Realty of Greater Los Angeles
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