$1,995,000
Exceptional Investment Opportunity! Welcome to 251 N. Kenmore, a gorgeous and "emotional" pride-of-ownership building in the heart of Koreatown. This architecturally charming, gated 6-unit property offers a rare 5.2% CAP rate and an 11.4 GRM, making it a standout for the savvy investor. Each of the six renovated 2-bedroom, 1-bathroom units features a spacious single-level floor plan with the added privacy of both front and back doors. The interiors are flooded with natural light, boasting soaring 9' ceilings and rich wood flooring throughout. Every unit has been thoughtfully updated with modern kitchens featuring granite countertops and renovated baths. Residents enjoy the ultimate convenience of private laundry rooms with washers/dryers and the year-round comfort of central heating and air conditioning. Some units offer stunning views of the Hollywood Hills and the Downtown Los Angeles skyline. This building experiences almost zero vacancy due to the high desirability of the units and its prime location on an exquisite tree-lined street. The property includes 10 gated parking spaces (5 covered, 5 uncovered). Situated near major employment centers and a world-class array of culinary, entertainment, and cultural destinations, this is a turnkey, high-yield asset in one of LA's most vibrant neighborhoods. Don't miss this fabulous opportunity to own a property where the financial performance is as beautiful as the architecture itself.
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Listed by Nili Hudson with Compass (310) 820-0195
Property Type
Residential Income
Status
Active
MLS Number
26662763
Year Built
1926
Lot Size
7,632 sq ft