525 N Kenmore AVE, Los Angeles, CA 90004
525 N Kenmore AVE, Los Angeles, CA 90004
525 N Kenmore AVE, Los Angeles, CA 90004
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$1,399,000
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10,328 Sqft Lot
Active

525 N Kenmore AVE Los Angeles, CA 90004

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Tiana Allen

Tiana Allen

+1(805) 320-5925

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Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID LG26225283

HOA Y/N No

Year Built 1922

Lot Size 10,328 Sqft

Property Sub-Type Apartment

Property Description

Don't miss this incredible investment opportunity in the heart of Los Angeles! This expansive property is made up of three separate buildings with 7 total units, with potential for 10 units. Five of the current units showcase two bedrooms and one full bathroom while two of the units are made up of one bedroom and one bathroom. Nestled in the desirable Mid-Wilshire area, it's located in a Qualified Opportunity Zone (QOZ) potentially offering powerful tax benefits. The exterior charm boasts the spirit of Los Angeles, alongside a full length concrete driveway serving the back garages and parking spaces. This investment is zoned LAR3-1 and is additionally located within a Tier 3 TOC Area, allowing for potential additional development density bonuses due to its proximity to public transportation. Each of the units features its own washer/dryer hookups that are separately metered, Buyer to verify. Additional property features including a recent $50,000+ interior renovation throughout the units. Ideally located in the Mid-Wilshire corridor near freeways, allowing easy access to downtown Los Angeles, LA City College, Dodger Stadium, and nearby hotspots like Los Feliz, Silver Lake, and Hollywood. Buyers to verify all zones and potential tax benefits. Buyers to verify all potential development bonuses and all development potential with the City. Digitally altered conceptual renderings in supplements. Improvements shown are not included in the purchase price.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Interior

Heating None

Cooling None

Fireplaces Type None

Fireplace No

Laundry Inside

Exterior

Parking Features Driveway, Garage, One Space

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Sidewalks

View Y/N Yes

View Neighborhood

Total Parking Spaces 9

Private Pool No

Building

Lot Description Front Yard

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5520009005

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, Owner May Carry

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, Owner May Carry

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Suzanne Abolhosseini Innovate Realty, Inc. 949-344-5131, DRE #02047620

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Tiana Allen

Tiana Allen

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