Property Details

Year Built 1989

# of Units 8

Price P/ Unit $388,750

Sq. ft. 7,376 SF

Price p/ Sq. ft. $422

Current Cap Rate 4.55%

Lot Size 6,930 SF

Zoning LAR3

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411 N. Kenmore Avenue
Los Angeles, CA 90004

About the Property

Kenny Stevens Team is pleased to present 411 N. Kenmore Avenue, an eight unit multifamily property, conveniently located near some of Los Angeles’ hottest rental markets such as Koreatown and East Hollywood. Residing in an Opportunity Zone, the subject property is one block north of Beverly Boulevard and conveniently located near a wide selection of shopping centers, small businesses and fast-casual restaurants. The 7,376 SF three-story building is comprised of (8) two-bedroom and two bath units. Two units can be delivered vacant upon close of escrow. Constructed in 1989, 411 N. Kenmore is subject to AB1482, which allows an investor to raise rents by 5% + CPI annually. The well-maintained property features a new roof and ample on-grade parking. With a favorable unit mix and located in an Opportunity Zone, 411 N. Kenmore presents investors with the opportunity to purchase an asset with incredible promise in an ever-growing submarket.

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