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Listed by Sargis Garibyan • Coldwell Banker Hallmark
$2,990,000
Est. payment /mo
9,000 SqFt
New
1211 N Kenmore Avenue Los Angeles, CA 90029
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,000 sqft
Price per Sqft $332
MLS Listing ID CRGD25171999
HOA Y/N No
Year Built 1928
Lot Size 6,502 Sqft
Property Sub-Type Other
Source Datashare California Regional
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
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Window Features ENERGY STAR Qualified Windows
Laundry Common Area
Building
Lot Description Other, Paved
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