Description
Value-Add, Redevelopment Opportunity 64% Upside in Rents. 7.9% Proforma CAP Rate. 8.9 Proforma GRM. 100% Occupied 16-Unit Apartment Building in the Heart of Koreatown. Newly updated interior. Huge Upside Redevelopment Potential TOC (Transit Oriented Communities) Tier 2 location that allows increased residential density. Walk Score of 91 (Walkers Paradise). Excellent location near the major transit stops, highways (I-110, I-101 & I-10) and shopping centers. Just four miles south of Hollywood, and three miles west of Downtown L.A. Two story apartment complex consists of total sixteen (16) units. Mix of total twelve (12) studio units and four (4) 1bed/1bath units. mutoof is pleased to present 936 S Kenmore Ave, Los Angeles. Huge Value-Add Opportunity and Redevelopment Potential at the heart of the Koreatown. Huge Value-Add Opportunity 64% Upside in Rents. 7.9% Proforma CAP Rate. 8.9 Proforma GRM. Huge Upside Redevelopment Potential TOC Tier 2 location that allows increased residential density. Newly updated interior, the subject property is currently 100% occupied. Walk Score of 91 (Walkers Paradise). Excellent location near the major transit stops, highways (I-110, I-101 & I-10) and shopping centers. Just four miles south of Hollywood, and three miles west of Downtown L.A. Two story apartment complex consists of total sixteen (16) units. Mix of total twelve (12) studio units and four (4) 1bed/1bath units. Built in 1925, the subject property consists of sixteen (16) units totaling 8,440 SF of square footage on a sizeable 6,750 SF lot. On-site property manager and maintenance manager. Property to be sold "as-is" with the tenants remaining in possession. DO NOT DISTURB TENANTS. Please send offer with LOI and POF. Buyer is encouraged to independently verify the accuracy of any information through inspection(s), due diligence, and professionals. Broker and Agent do not guarantee the accuracy of any information concerning the size, condition, financials, or features of said property. Buyer to conduct their own due diligence and investigation of the property. Buyer and Buyer's agent to verify all information regarding the property to their full and complete satisfaction.
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