Sheleneatanacio.com
Address
525 N Kenmore Avenue Los Angeles, CA
Price
$ 1,849,000
Property Attributes
  • MLS#21691794
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid-Wilshire
  • Zip90004
  • Style
  • Price$ 1,849,000
  • Bedrooms6
  • Full Bathrooms6
  • Half Bathrooms0
  • Lot Size10,019 SqFt
Listing Provided Courtesy Of:
William James with James Capital Advisors, Inc.
Data Source:
CLAW
Property Description

Located in Qualified Opportunity Zone - This will allow for additional tax incentives per the Tax Cuts and Jobs Act of 2017. | Zoned R3-1 with a Tier 3 TOC Area - The subject property zoning will allow for additional development density bonuses due to its proximity to public transportation. Los Angeles Measure JJJ further incentivize affordable housing near transit. | Surrounded by Nearby Development Projects - Apartment development projects in close proximity include: 14 units on 432 N. Normandie Ave, 18 units on 226 N. Berendo St, and 15 units on 146 N. Berendo St. | Charming Structure with 3 Separate Buildings - With a 53% upside in rents, the vintage of the property reflects the spirit of Los Angeles. The bright-colored buildings and large lot attracts renters from Koreatown, Silverlake and East Hollywood. | Large Lot with the Ability to Exit as a Development - An investor has the option to renovate the units or exit the investment as a 21-unit apartment development.6 Units with Plans in Place for 21 Apartment Units - Plans are available. Inquire with listing agents. | TOC Tier 3 Building Incentives - Bonuses allow for plans to build 21 apartment units. Additional incentives include reduced parking requirements.

Price History
2/11/2021 Listed $1,849,000

General Features

MLS Area C17 - Mid-Wilshire
Parking Features One Space
Property Type Residential Income
Total Units 6
Zoning LAR3

Exterior Features

Lot Size Acres 0.23
Lot Size Area 10324
Lot Size Square Feet 10324
Lot Size Units Square Feet
Number of Buildings 3

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 90004

Price
AVG $2.45M
$1.85M
Year Built
AVG 1952
1922
Walkscore
AVG 90
84
Data Provided by Walkscore ® not using MLS data

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