Listing provided courtesy of Chase Simonton of RE/MAX One. Last updated 2024-04-28 08:11:36.000000. Listing information © 2023 CRMLS.
Asking Price: $3,895,000
2610 Kenwood, Los Angeles CA 90007
Community: C16 - Mid Los Angeles
Status: Active
This property was built in 1924 and is priced at $3,895,000. Please see the additional details below.
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!!