Incredible opportunity to acquire this fully occupied 12 unit asset. Huge upside potential. Current cap rate of 5.06% may easily reach 8.5% as rents are substantially lower than what the market currently allows. Property is benefitted from number recent upgrades that include a newer roof, windows, plumbing and electrical. Some of the unit upgrades include newer kitchens, bathrooms, and flooring. Located in the heart of East Hollywood this property offer a unique access to world renowned employers such as Netflix, Paramount, and many others. Within minutes tenants can enjoy access to Barnsdall Art Park, Griffith Park, Greek Theater, The Hollywood Bowl, The Pantages Theater, as well as numerous famed restaurants and entertainment establishments.
Listing agent:
Sargis Garibyan
License #00988827
Coldwell Banker Hallmark
1211 Kenmore is a Residential Income Mixed Use property located in Los Angeles, California, featuring a 0.149 acre lot, MLS #GD25171999.