Caitlin Chen, CTP
Residential and Commercial Real Estate Investment Broker and Advisor
Serving Clients in all Aspects of Real Estate
Including Auctions, Receivership, Leasing, Triple Net Lease Properties

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    2610 Kenwood Avenue Los Angeles, CA 90007-

    2,500,000

    General Information
    • Status: Active
    • Type:Commercial
    • Bedrooms
    • Bathrooms
    • Square feet: 7,012
    • Lot size: 10,711
    • Year built: 1924
  • Mls# SB22161256
  • Days on Market: 104
  • Units:
  • Acres:
  • HOA Fees:
  • 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. The 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. This area is undergoing lots of renovation improving the lifestyle of all residents in the area through some great positive changes. The 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. The 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. This 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.
    Features
    • Source:CRMLS IDX
    • LA:Luis Gonzalez
    • Co-LA:
    • Listing Updated:12/5/2022 7:18:39 PM
    • LO:Vista Sotheby’s International Realty,SB1292420
    • Co-LO:
    • Database Updated:2022/12/06 17:52:15
    • SA:
    • SO:
    • Co-SA:
    • Co-SO:

    Based on information from CARETS as of 06/12/2022 07:00:00 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


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    Location

    5556 S. Centinela Ave.
    Los Angeles, CA 90066

    realestate@caitlinchen.com

    DRE# 01072555

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