2610 Kenwood Ave, Los Angeles, CA 90007
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2610 Kenwood Ave Los Angeles, CA 90007

$3,895,000
  • 12 Beds
  • 12 Baths
  • 7,012 Sq.Ft.
For Sale
$3,895,000 Get Pre-Qualified

Map preview of 2610 Kenwood Ave, Los Angeles, CA 90007

Property Overview: 2610 Kenwood Ave Los Angeles, CA has 12 bedrooms, 12 bathrooms, 7,012 living square feet and 10,714 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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!!

Listed by Chase Simonton | BRE #01766871 | RE/MAX One
Last checked: 3 minutes ago | Last updated: April 4th, 2024 | Source CRMLS | DOM: 30
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Home details

Lot Sq. Ft
10,714
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24373541
City
Los Angeles
County
Los Angeles
Time on Site
37 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 5
Unit Breakdown 1
  • # of Units: 12
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,461
  • Total Rent: $2,461
  • Pro Forma/Market Rent: $2,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.98%
  • Gross Rent Multiplier: 10.99
  • Gross Scheduled Income: --
  • Net Operating Income: $232,993
  • Gross Operating Income: $354,348
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 2610 Kenwood Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 12
  • Parcel Number: 5054010002
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: W Adams Blvd and N Normandie Ave are the Major cross streets
View more facts & features

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Sale History for 2610 Kenwood Ave

Last sold for $2,500,000 on May 3rd, 2023
  • March, 2024

  • Mar 27, 2024

    Date

    Active

    CRMLS: 24373541

    $3,895,000

    Price

  • May, 2023

  • May 4, 2023

    Date

    Canceled

    CRMLS: SB22187208

    $2,500,000

    Price

  • Aug 26, 2022

    Date

    Active

    CRMLS: SB22187208

    $2,500,000

    Price

  • Listing provided courtesy of CRMLS

    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.

  • May, 2023

  • May 3, 2023

    Date

    Sold

    CRMLS: SB22161256

    $2,500,000

    Price

  • Aug 23, 2022

    Date

    Active

    CRMLS: SB22161256

    $2,500,000

    Price

  • Listing provided courtesy of CRMLS

    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.

  • June, 1998

  • Jun 29, 1998

    Date

    Sold (Public Records)

    Public Records

    $55,500

    Price

Show More

Tax History for 2610 Kenwood Ave

Assessed Value (2020): $386,884
Year Land Value Improved Value Assessed Value
2020 $102,190 $284,694 $386,884

Home Value Compared to the Market

This property vs the competition

2610 Kenwood Ave is listed 217.96% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $555.48 per/sqft which puts the price per square foot 28.23% lower than the median price per square foot for the city of Los Angeles.

About 2610 Kenwood Ave

Detailed summary of property

2610 Kenwood Ave is a multi family located in Los Angeles, CA 90007 and is currently for sale. This multi family property offers 12 bedrooms, 12 bathrooms, roughly 7,012 living square feet, and sits on an approximately 10,714 square foot lot. 2610 Kenwood Ave was first listed on ArdentRealEstateGroup.com on March 27, 2024. The homeowner is currently asking $3,895,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 217.96% higher than the median priced home. Local competing homes currently for sale include 3987 Dalton Ave, 1984 Park Grove Ave and 1050 S Park View St. While the average home in Los Angeles, CA is selling in 96 days, 2610 Kenwood Ave has a days on market of 30 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 2610 Kenwood Ave Los Angeles, CA 90007 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2610 Kenwood Ave

Public county record property details
Beds
12
Baths
12
Year built
1924
Sq. Ft.
7,012
Lot Size
10,710
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1,3
APN
5054-010-002

The source for these homes facts are from public records.

90007 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,000,000
Median List Price/Sq.Ft.
$616
Median Sold Price
$710,000
Median Sold Price/Sq.Ft.
$645
Total Inventory
10
Median Sale to List Price %
94.79%
Avg Days on Market
63
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.