About 2610 Kenwood Ave
2610 Kenwood is a fully renovated apartment building, inside and out. Some of the upgrades include a new roof, new windows, new copper plumbing, and new electrical system. Due to the true in-place cap rate of 5.98%, the property is eligible for attractive financing at 65% Loan-to-Value (LTV), requiring only 35% down payment. This allows investors a lower cost of entry than most other apartment buildings in Los Angeles. Centrally located in the dense rental markets of Mid City, Koreatown and Pico-Union, this fully renovated building stands as a prime turn key asset for investors looking to secure stable cash flow and a less management intensive property. The building is fully occupied, so PLEASE DO NOT DISTURB THE TENANTS!!
Features of 2610 Kenwood Ave
| MLS® # | 24-373541 |
|---|---|
| Price | $3,895,000 |
| Bedrooms | 12 |
| Bathrooms | 12.00 |
| Square Footage | 7,012 |
| Acres | 0.25 |
| Year Built | 1924 |
| Type | Residential Income |
| Sub-Type | Apartment Building |
| Status | Active |
Community Information
| Address | 2610 Kenwood Ave |
|---|---|
| Area | Mid Los Angeles |
| City | LOS ANGELES |
| County | Los Angeles |
| State | CA |
| Zip Code | 90007 |
Amenities
| Garages | None |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | None |
|---|---|
| Cooling | None |
| Fireplace | No |
| Has Basement | No |
Additional Information
| Date Listed | March 27th, 2024 |
|---|---|
| Days on Market | 52 |
| Zoning | LAC1 |
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Chase Simonton (01766871) |
|---|---|
| Office | RE/MAX One |