Sold
2610 Kenwood Avenue
Los Angeles CA, 90007
$2,500,000
$356.53 per sqft
Sold
7,012 sqft
Commercial
Built in 1924
Listed by Luis Gonzalez with Vista Sotheby’s International Realty 310-349-3000
INVESTORS LOOK, Multi-Unit Complex up for SALE. Super Close to USC! All 12 Units are fully occupied. The rents total $12,167.00 per month or $146,004 annually. with an upside Performa to bring rents to market value of $1700 - $1850 per unit at $1700 the monthly total $20,400, annually is $244,800 this is an increase of $98,796 a 67% upside for the next owner. This opportunity includes 5 separate buildings totaling 7,012 livable square feet that are sitting on a 100% flat land lot of 10711 square feet. These 5 buildings are secured by a block wall and wrought iron fencing. The investment property is only about 1 mile from the University of Southern California, USC, that can be easily converted into student housing. First time on the market in over 36 Years! The existing owner has lots of pride in ownership and everything is in great working order. Tenants pay on time, each unit has its own gas and electricity meter that is paid for by the tenants. All 12 units have their individual entrance featuring a full galley kitchen, dining room, living room, full bathroom, 1 bedroom, and a large closet. Great secured living inside the gates with very nice landscaping Spanish style neighborhood vibe within the 5 buildings. 4 of the buildings are single-story, and 1 is a two-story. The area is undergoing lots of renovation improving the lifestyle of all residents in the area through some great positive changes. This property is located just a few blocks from the new USC Village featuring a 15-acre, 1.25 million-square-foot residential and retail center that has changed the way people think about USC living. This property is also within walking distance to many shops, and grocery stores, The Reef, Exposition Park, Crypto.com Arena, Convention Center, the Fashion District, and Downtown Los Angeles. Close to FWY, public transportation. The property is on a quiet street with lots of large trees and very little drive-by traffic. Keep your money secured by investing in this property that has so much upside possibility due to local city and University improvements. and so much more. I have researched a loan is available 10% Down with interest only available, call me for details.
SB22161256
MLSⓇ ID
August 23, 2022
Listed
March 23, 2024
Updated
Map
2610 Kenwood Avenue
Los Angeles CA, 90007
Interior Features
Total Stories
2
Laundry Description
None
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
0.25 Acres
Lot Features
0-1 Unit/Acre, Landscaped, Near Park, Near Public Transit, Paved
Roof
Common Roof
Other Property Details
Area Name
C16 - Mid Los Angeles
Taxes
$5,959
Tax Frequency
Annually
Days on Market
153
Garage
No
View
No
County
Los Angeles
Water Source
Public
Pool
No
Zoning
LAC1
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
---|---|---|
5/18/2023 | Sold | $2,500,000 |
Listing Contact: 310-349-3000
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:27 AM UTC