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    111 N Kenmore Avenue

    Los Angeles (City), CA 90004
    • $3,000,000
    • STATUS: Active
    • ON SITE: 23 days
    • ID#: 20638596
    UPDATED: 25 min ago
    $3,000,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    OMG! DO NOT MISS THIS REMARKABLE INVESTMENT OPPORTUNITY! Clean and Well-Maintained, Close to Everything, STATUESQUE PROPERTY, HUGE BUILDING, HUGE UNITS - JUST ABOUT 6,000 SQ. FT. PLUS RARE-TO-FIND Large Parking Court PLUS 4 Garages. AMAZING Pre-Depression INVESTMENT BUILT EVER SO STRONG: Over-Sized Windows, Balcony, Tiled Roof, AMAZING 1920's ORNATE DETAILS, Just look at the Picture! Remarkable Curb Appeal! They simply dont build properties like this anymore! TRULY A BUY-AND-HOLD INVESTMENT FOR THE FAMILY, in the Heart of L.A. This is an EXPANDING HIGH-DEMAND LOCATION, additionally offering future potential as an OWNER-USER Investment! ALL UNITS ARE MONTH TO MONTH, NEW OWNERS WILL HAVE AN OPPORTUNITY TO INCREASE RENTS BY 3% PER UNIT upon the rental renewal dates. Additionally, this is a STRAIGHT STANDARD SALE, NOT SUBJECT TO AN EXCHANGE. Hence, Escrow can close at any time to potentially Complete Your Exchange! Please do not approach the Tenants. Blessings to you, and Thank you!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-21T23:26:56.4. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

    www.themarellygroup.com/homes/110450476
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    111 N Kenmore Avenue Los Angeles (City), CA 90004

    • Price: $3,000,000
    • Status: Active
    • Updated: 25 min ago
    • ID#: 20638596
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1924
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    OMG! DO NOT MISS THIS REMARKABLE INVESTMENT OPPORTUNITY! Clean and Well-Maintained, Close to Everything, STATUESQUE PROPERTY, HUGE BUILDING, HUGE UNITS - JUST ABOUT 6,000 SQ. FT. PLUS RARE-TO-FIND Large Parking Court PLUS 4 Garages. AMAZING Pre-Depression INVESTMENT BUILT EVER SO STRONG: Over-Sized Windows, Balcony, Tiled Roof, AMAZING 1920's ORNATE DETAILS, Just look at the Picture! Remarkable Curb Appeal! They simply dont build properties like this anymore! TRULY A BUY-AND-HOLD INVESTMENT FOR THE FAMILY, in the Heart of L.A. This is an EXPANDING HIGH-DEMAND LOCATION, additionally offering future potential as an OWNER-USER Investment! ALL UNITS ARE MONTH TO MONTH, NEW OWNERS WILL HAVE AN OPPORTUNITY TO INCREASE RENTS BY 3% PER UNIT upon the rental renewal dates. Additionally, this is a STRAIGHT STANDARD SALE, NOT SUBJECT TO AN EXCHANGE. Hence, Escrow can close at any time to potentially Complete Your Exchange! Please do not approach the Tenants. Blessings to you, and Thank you!
    Exterior Features

    Architectural Style Spanish Direction Faces East Garage Spaces 4.00 Lot Size Units Square Feet Parking Total 4.00

    Interior Features

    Fireplace Features Dining RoomLiving Room Fireplace YN Yes Heating Wall Furnace Heating YN Yes

    Property Features

    Country Us Gross Income 72912.00 Gross Multiplier 41.00 Gross Operating Income 72912.00 Net Operating Income 68366.00 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Total Actual Rent 72912.00 Total Expenses 4542.00 Vacancy Allowance Rate 0.00 Zoning Lar3

    Listing provided courtesy of Bruce Jay of Bruce Jay Associates


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-21T23:26:56.4. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

     
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