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    525 N Kenmore Avenue

    Los Angeles (City), CA 90004
    • $1,849,000
    • STATUS: Active
    • ON SITE: 88 days
    • ID#: 21691794
    UPDATED: 36 min ago
    $1,849,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,844
      SQFT
    • $481
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-11T11:33:17.21. 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 deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.debonishomes.com/homes/114175325
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    525 N Kenmore Avenue Los Angeles (City), CA 90004

    • Price: $1,849,000
    • Status: Active
    • Updated: 36 min ago
    • ID#: 21691794
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    3,844
    SQFT
    $481
    $/SQFT
    1922
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    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.
    Exterior Features

    Parking Features One Space

    Property Features

    Gross Income 84924 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 35860 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lar3

    Listing provided courtesy of William James of James Capital Advisors, Inc. and Thomas Jonsson of James Capital Advisors, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-11T11:33:17.21. 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 deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Keller Williams Realty. Licensed in the State of California, USA.
     
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