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417 S Kenmore Avenue, Los Angeles, CA 90020
2
beds
3
baths
10892
ft2
· 13179
ft2 lot
$6,200,000
$569 / ft2
Listing provided courtesy of Filip Niculete, Marcus & Millichap.
Source CRMLS.
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.
HOA
$—/month
On market
6 months
Year built
1956
Property type
Multi-Family
Parking
MLS
20638948
Price / Sq.Ft.
$569 / ft2
Status
Active
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Flyhomes Cash Offer
Based on a price of $6,200,000
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Net Rebate:
Negotiating Power:
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+$1,206/day
$0
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$31,000
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$31,000
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$24,920
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$24,920
Average
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Legal Disclaimer: The Savings Calculator is intended for planning and educational purposes only, and should not be solely relied upon in your decision to participate in Flyhomes’ Cash Offer or other programs.Read more
Property Details
Interior Features & Layout
Interior Size
•   
Building Area Total: 10892.00
Property, Lot, Community & Exterior Features
Building Info
•   
Zoning: LAR4
•   
Stories Total: 2
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 22
Lot Info
•   
Lot Size Acres: 0.3000
•   
Lot Size Dimensions: 85x155
•   
Lot Size Area: 13179.0000
•   
Lot Size Units: Square Feet
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 422366.00
•   
Total Expenses: 141961.00
•   
Gross Multiplier: 14.93
Tax/Assessment Info
•   
Gross Income: 422366.00
•   
Tax Year: 2019
•   
Taxes: 62114.0
Lease Info
•   
Net Operating Income: 280385.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 1700.00
•   
Unit 3 Total Units: 2
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1725.00
Unit 2 Information
•   
Unit 2 Actual Rent: 1600.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 1600.00
Multi Unit Information
•   
# Of Units: 13
Unit 1 Information
•   
Unit 1 Total Units: 19
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1100.00
•   
Unit 1 Total Rent: 1770.00
School Neighborhood & Directions
School Info
•   
Directions: W 4Th St & S Kenmore Ave
Other
Calculation
•   
Dom: 184
•   
Cdom: 184
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 10, 2021 12:42pm
Neighborhood snapshot
49
Properties for sale
23.5
Median days on market
$577.20
Median sold price/sqft
98.34%
Sold/List %
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Property History
02/16/2021
02/16/2021
CRMLS #20638948
active
CRMLS #20638948
$6,200,000
--1.59%
12/10/2020
12/10/2020
CRMLS #20638948
active
CRMLS #20638948
$6,300,000
--3.08%
09/28/2020
09/28/2020
CRMLS #20638948
active
CRMLS #20638948
$6,500,000
+32.65%
06/08/2017
06/08/2017
Public Record
sold
Public Record
$4,900,000
+39.80%
08/11/2016
08/11/2016
Public Record
sold
Public Record
$3,505,000
+192.08%
See more property history
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