537 Kenmore Ave, Los Angeles, CA 90004
4 Unit Apartment Building | $1,499,900 ($374,975/Unit) | 2.70% Cap Rate | Los Angeles, CA 90004
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,499,900
- Property Type
-
Multifamily
- Square Feet
- 5,844 SF
Listing Contacts
Arthur Ambarchyan
Verified Profile
- Property Info
Property Overview
Excellent income investment property comprising of four well designed units. This property is a prime residential income building that seamlessly combines comfort, convenience, and potential for lucrative returns. Capitalize from a solid rental history, showcasing the property's consistent appeal to tenants. Each unit has its own mailing address, individually metered for gas & electricity, have in-unit laundry hook-ups, a detached 865 SF garage, and assigned surface parking. Approximate Unit Measurements: #537 - 2B/1Bth 1,359 SF | #539 - 2B/1Bth 1,511 SF | #541 - 2B/1Bth 1,506 SF| #543 – 2B/1.5Bth 1,347 SF (recently updated unit). Great upside in rental income, potential of additional income renting each 865 SF garage as storage, and large lot offers a potential of additional rental income from an ADU. This multi-unit property is a smart choice for savvy investors seeking a steady stream of rental income in a desirable location. Located just 4 minutes from Los Angeles City College, Vermont/Beverly transit station and close access to freeways. Designated parking spaces make this property even more appealing to potential tenants, enhancing its marketability. We invite you to join us for an exclusive tour to explore the full potential of this income-generating property.
Property Details
- Class
- C
- Year Built
- 1921
- Stories
- 2
- Lot Size (sq. ft)
- 8,712 SF
- Units
- 4
Highlights
- Large lot offers ADU potential
- Potential of additional income renting 4 individual 865 SF garage as storage
- Minutes from Los Angeles City College, Vermont/Beverly transit station and close access to freeways
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