1211 N Kenmore AVE Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90029
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRGD25171999
Year Built 1928
Lot Size 6,502 Sqft
Source California Regional MLS
Property Description
Incredible opportunity to acquire this fully occupied 12 unit asset. Huge upside potential. Current cap rate of 5.06% may easily reach 8.5% as rents are substantially lower than what the market currently allows. Property is benefitted from number recent upgrades that include a newer roof, windows, plumbing and electrical. Some of the unit upgrades include newer kitchens, bathrooms, and flooring. Located in the heart of East Hollywood this property offer a unique access to world renowned employers such as Netflix, Paramount, and many others. Within minutes tenants can enjoy access to Barnsdall Art Park, Griffith Park, Greek Theater, The Hollywood Bowl, The Pantages Theater, as well as numerous famed restaurants and entertainment establishments.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry Washer/Dryer - Leased,Community Facility
Exterior
Parking Features Assigned Spaces,Common Parking Area,Other,Parking Area
Garage Spaces 7.0
Pool None
Building
Lot Description Paved
Water District - Public
Others
Tax ID 5540007012
Special Listing Condition Not Applicable