Growth Investment Group is proud to present 210 N Kenmore, a very well-maintained 12-unit apartment at the heart of a culturally vibrant neighborhood of Oakwood, East Hollywood. This HIGH CAP Rate and value-add investment offering provides investors an excellent opportunity to buy with a low down payment and high Cash-on-cash return. The deal offers a current CAP Rate of close to 5% and an estimated Proforma CAP Rate of close to 6%. It is centrally located in the highly desirable opportunity zone, just minutes away from Larchmont Village, Paramount Studios, Los Angeles City College & MacArthur Park.
Built-in 1924 this building consists of 12 exceptional units totaling 6,792 SF of living area on a sizeable 7,125 SF lot. The property is an easily maintained two-story building, with a simple unit mix of 12-Studios. Each unit is spacious (average size is ±450sf-±500sf – buyer to verify), functional, and bright with hardwood flooring, large full kitchens & bathroom with closet space. These units also include wall heating & wall A/C. Each unit is separately metered for electrical.
Majority of rents are close to market price, making it an exceptional opportunity for an investor looking for a high cash flowing property in a strong submarket. 210 Kenmore is a very well-maintained building, tenants pay for trash & electrical while the landlord pays for Gas & Water. The landlord is also the owner of the washer & dryer in the laundry room where the property earns additional income.
Can be purchased with 515 N Mariposa for a total of 20-Units at a 5.13% CAP Rate.