Chase Simonton
RE/MAX One
818-366-3300
2610 Kenwood is a fully renovated apartment building, inside and out. Some of the upgrades include a new roof, new windows, new copper plumbing, and new electrical system. Due to the true in-place cap rate of 5.98%, the property is eligible for attractive financing at 65% Loan-to-Value (LTV), requiring only 35% down payment. This allows investors a lower cost of entry than most other apartment buildings in Los Angeles. Centrally located in the dense rental markets of Mid City, Koreatown and Pico-Union, this fully renovated building stands as a prime turn key asset for investors looking to secure stable cash flow and a less management intensive property. The building is fully occupied, so PLEASE DO NOT DISTURB THE TENANTS!!
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Total Bedrooms : 12
Total Baths: 12
Full Baths: 0
Half Baths: 0
None
Air Conditioning
None
Has Heating
Year Built: 1924
Building Area Total: 7,012
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.246
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 10714
Original List Price: 3,895,000
Listing Contract Date: 2024-03-27
Listing Agreement: Seller Reserved
Parcel Number: 5054010002
Garage Description: None
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C16 - Mid Los Angeles
Postal Code Plus 4: 2105
Directions: W Adams Blvd and N Normandie Ave are the Major cross streets
Zoning: LAC1
Source Property Type: Residential Income
Area: C16 - Mid Los Angeles
Property Age: 100
Year Built Source: Vendor Enhanced
Total Square Feet Living: 7012
Levels or Stories: One
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1415 W 22nd Street, Los Angeles, CA,90007 | $1,047,500 | 5 | -- | 2,189 | 5997 Sqft |
1421 W 22nd Street, Los Angeles, CA,90007 | $1,047,500 | 5 | -- | 2,189 | 6290 Sqft |
2754 Kenwood Avenue, Los Angeles, CA,90007 | $1,499,000 | 5 | 3 | 3,502 | 9004 Sqft |
1459 W 29th Street, Los Angeles, CA,90007 | $1,299,000 | 7 | -- | 2,986 | 7487 Sqft |
2723 S Budlong Avenue, Los Angeles, CA,90007 | $1,999,999 | -- | -- | 7,294 | 7771 Sqft |
1362 W 37th Drive, Los Angeles, CA,90007 | $750,000 | 3 | 2 | 1,276 | 4501 Sqft |
2112 Toberman Street, Los Angeles, CA,90007 | $1,595,000 | -- | -- | 4,208 | 5496 Sqft |
1275 W 37th Drive, Los Angeles, CA,90007 | $1,500,000 | 5 | 3 | 1,786 | 6602 Sqft |
1256 W 22nd Street, Los Angeles, CA,90007 | $1,080,000 | 4 | -- | 2,436 | 5859 Sqft |
1414 W 30th Street, Los Angeles, CA,90007 | $1,380,000 | 7 | -- | 3,954 | 6075 Sqft |
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ByOwner last updated this listing 06/16/2024 @ 03:26
MLS: 24373541
LISTED BY: Chase Simonton, RE/MAX One
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.