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525 N Kenmore Ave

Los Angeles, CA 90004
  • $1,849,000
  • STATUS: Active
  • ON SITE: 133 days
  • ID#: 21-691794
UPDATED: 215 min ago
$1,849,000
  • 10
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,844
    SQFT
  • $481
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1922
County:
Area:

School Ratings & Info

Description

Located in Qualified Opportunity Zone - This will allow for additional tax incentives per the Tax Cuts and Jobs Act of 2017. | Zoned R3-1 with a Tier 3 TOC Area - The subject property zoning will allow for additional development density bonuses due to its proximity to public transportation. Los Angeles Measure JJJ further incentivize affordable housing near transit. | Surrounded by Nearby Development Projects - Apartment development projects in close proximity include: 14 units on 432 N. Normandie Ave, 18 units on 226 N. Berendo St, and 15 units on 146 N. Berendo St. | Charming Structure with 3 Separate Buildings - With a 53% upside in rents, the vintage of the property reflects the spirit of Los Angeles. The bright-colored buildings and large lot attracts renters from Koreatown, Silverlake and East Hollywood. | Large Lot with the Ability to Exit as a Development - An investor has the option to renovate the units or exit the investment as a 21-unit apartment development.6 Units with Plans in Place for 21 Apartment Units - Plans are available. Inquire with listing agents. | TOC Tier 3 Building Incentives - Bonuses allow for plans to build 21 apartment units. Additional incentives include reduced parking requirements.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-24T23:43:10.37. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.trulinerealty.com/homes/114167771
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525 N Kenmore Ave Los Angeles, CA 90004

  • Price: $1,849,000
  • Status: Active
  • Updated: 215 min ago
  • ID#: 21-691794
10
Beds
0
Baths
0
½ Baths
0.24
Acres
3,844
SQFT
$481
$/SQFT
1922
Built
Neighborhood:
Mid-Wilshire
County:
Los Angeles
Area:
Mid-Wilshire
Property Description
Located in Qualified Opportunity Zone - This will allow for additional tax incentives per the Tax Cuts and Jobs Act of 2017. | Zoned R3-1 with a Tier 3 TOC Area - The subject property zoning will allow for additional development density bonuses due to its proximity to public transportation. Los Angeles Measure JJJ further incentivize affordable housing near transit. | Surrounded by Nearby Development Projects - Apartment development projects in close proximity include: 14 units on 432 N. Normandie Ave, 18 units on 226 N. Berendo St, and 15 units on 146 N. Berendo St. | Charming Structure with 3 Separate Buildings - With a 53% upside in rents, the vintage of the property reflects the spirit of Los Angeles. The bright-colored buildings and large lot attracts renters from Koreatown, Silverlake and East Hollywood. | Large Lot with the Ability to Exit as a Development - An investor has the option to renovate the units or exit the investment as a 21-unit apartment development.6 Units with Plans in Place for 21 Apartment Units - Plans are available. Inquire with listing agents. | TOC Tier 3 Building Incentives - Bonuses allow for plans to build 21 apartment units. Additional incentives include reduced parking requirements.
Exterior Features

Lot Size Area 10324 Other Structures None Parking Garage Parking Space Total Parking 7

Interior Features

Baths Total 6.00 Cooling Wall Unit(S) Equipment None Heating Other

Property Features

Assessed Total Value 722083 Gross Income 84924 Gross Operating Income 80678 Like Units1 2 Like Units2 4 Net Operating Income 35860.00 Number Of Buildings 3 Number Of Units 6 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 44817 Type Of Units Mixed Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of William James DRE#01734419 of James Capital Advisors, Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-24T23:43:10.37. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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TruLine Realty
2999 Overland Ave., Suite 116
Los Angeles CA, 90064