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Listed by Suzanne Abolhosseini, DRE #02047620 • Innovate Realty, Inc.
$ 1,500,000
Est. payment /mo
Active
525 N Kenmore AVE Los Angeles, CA 90004
10,327 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRLG26074807
Year Built 1922
Lot Size 10,327 Sqft
Source California Regional MLS
Property Description
Don't miss this incredible investment opportunity in the heart of Los Angeles! This expansive property is made up of three separate buildings with 7 units that each showcase their own two bedrooms and full bathroom. Nestled in the desirable Mid-Wilshire area, it's located in a Qualified Opportunity Zone (QOZ) potentially offering powerful tax benefits. The exterior charm boasts the spirit of Los Angeles, alongside a full length concrete driveway serving the back garages and parking spaces. This investment is zoned LAR3-1 and is additionally located within a Tier 3 TOC Area, allowing for potential additional development density bonuses due to its proximity to public transportation. Each of the units features its own washer/dryer hookups that are separately metered, Buyer to verify. Additional property features including a recent $50,000+ interior renovation throughout the units. Ideally located in the Mid-Wilshire corridor near freeways, allowing easy access to downtown Los Angeles, LA City College, Dodger Stadium, and nearby hotspots like Los Feliz, Silver Lake, and Hollywood. Buyers to verify all zones and potential tax benefits. Buyers to verify all potential development bonuses and all development potential with the City.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Interior
Heating No Heating
Cooling None
Laundry Other
Exterior
Parking Features Garage, Other, Parking Area
Garage Spaces 9.0
Pool 31, None
View Local/Neighborhood
Building
Water District - Public
Others
Tax ID 5520009005
Special Listing Condition Not Applicable
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