Sheleneatanacio.com
Eco Friendly
Address
417 S Kenmore Avenue Los Angeles, CA
Price
$ 6,200,000
Property Attributes
  • MLS#20638948
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid-Wilshire
  • Zip90020
  • Style
  • Price$ 6,200,000
  • Bedrooms22
  • Full Bathrooms22
  • Half Bathrooms0
  • Lot Size0.3 Acres
Listing Provided Courtesy Of:
Filip Niculete with Marcus & Millichap
Data Source:
CLAW
Property Description

We are proud to present this significant price reduction for these 22-unit apartment building located at 417 South Kenmore Avenue, in the 90020 zip code of Koreatown one of the most up-and-coming rental pockets in the city and within walking distance to many of city's most popular restaurants and social centers such as Sweetgreens, Blue Bottle, HMart, Silverlake Ramen, 7-Eleven, and Quarters Korean Barbecue. The property comes equipped with many high-end energy efficient features such as LED lights, energy efficient A/C units, electric fireplaces, and rooftop solar panels for the water heaters, which help to significantly cut landlords utility costs. A new owner could also explore the possibility of utilizing those solar panels to aid with common area energy expenses or perhaps installing additional ones to do so. The property is 100% leased up and fully renovated. Despite that, there are a couple of different ways that a new owner could potentially add even more value. The largest value-add component that could be realized by the new owner would be by utilizing the new ADU program that was rolled out state-wide in January 2020. Through that program, the new owner has the ability to add up to six (6) additional units to the property depending on the decided upon parking layout, adding over $2 million in value.

Price History
9/28/2020 Listed $6,500,000
12/11/2020 4% - $6,300,000
2/17/2021 2% - $6,200,000

General Features

MLS Area C17 - Mid-Wilshire
Property Type Residential Income
Total Units 22
Zoning LAR4

Exterior Features

Lot Dimensions 85x155
Lot Size Acres 0.3
Lot Size Area 13179
Lot Size Square Feet 13179
Lot Size Units Square Feet
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90020

Price
AVG $3.2M
$6.2M
Visits
AVG 34
60
Year Built
AVG 1938
1956
Walkscore
AVG 93
92
Data Provided by Walkscore ® not using MLS data

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