2610 Kenwood Avenue, Los Angeles, CA 90007
Commercial property
Sold May 2023
Listing Agent: Luis Gonzalez (DRE #01137141) · Listing Office: Vista Sotheby’s International Realty · Contact: 310-349-3000 · Bought with: Luis Gonzalez · Vista Sotheby’s International Realty · MLS #SB22161256 · Source: CRMLS
About this commercial property
INVESTORS LOOK, Multi-Unit Complex up for SALE. Super Close to USC! All 12 Units are fully occupied. The rents total $12,167.00 per month or $146,004 annually. with an upside Performa to bring rents to market value of $1700 - $1850 per unit at $1700 the monthly total $20,400, annually is $244,800 this is an increase of $98,796 a 67% upside for the next owner. This opportunity includes 5 separate buildings totaling 7,012 livable square feet that are sitting on a 100% flat land lot of 10711 square feet. These 5 buildings are secured by a block wall and wrought iron fencing. The investment property is only about 1 mile from the University of Southern California, USC, that can be easily converted into student housing. First time on the market in over 36 Years! The existing owner has lots of pride in ownership and everything is in great working order. Tenants pay on time, each unit has its own gas and electricity meter that is paid for by the tenants. All 12 units have their individual entrance featuring a full galley kitchen, dining room, living room, full bathroom, 1 bedroom, and a large closet. Great secured living inside the gates with very nice landscaping Spanish style neighborhood vibe within the 5 buildings. 4 of the buildings are single-story, and 1 is a two-story. The area is undergoing lots of renovation improving the lifestyle of all residents in the area through some great positive changes. This property is located just a few blocks from the new USC Village featuring a 15-acre, 1.25 million-square-foot residential and retail center that has changed the way people think about USC living. This property is also within walking distance to many shops, and grocery stores, The Reef, Exposition Park, Crypto.com Arena, Convention Center, the Fashion District, and Downtown Los Angeles. Close to FWY, public transportation. The property is on a quiet street with lots of large trees and very little drive-by traffic. Keep your money secured by investing in this property that has so much upside possibility due to local city and University improvements. and so much more. I have researched a loan is available 10% Down with interest only available, call me for details.
Listing description from the May 2023 sale, as reported to CRMLS.
Sale history