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250 S Kenmore Ave is a 40-unit apartment building located in the heart of Koreatown, one of Los Angeles' most desirable and rapidly developing submarkets. Originally built in 1926, this well-maintained, four-story property has undergone significant unit renovations and offers additional value-add potential. The building features a strong unit mix of 34 studio units and 6 one-bedroom, one-bath units.250 S Kenmore provides investors with the chance to enter a high-demand rental market, with potential for further value through additional renovations. Twenty-eight of the forty units have been extensively renovated with high-end finishes which include new stainless-steel appliances, laminate and tile flooring, upgraded kitchens with new cabinets, stone countertops, and tile backsplashes, new fixtures, new paint, new based moldings, and energy efficient LED lighting. The property also offers secure access and on-site laundry facilities for tenant convenience.Beyond the units, the property has seen substantial upgrades, including a new roof installed in 2014, a fully renovated lobby with new paint, tile, and lighting, and refreshed common area hallways with new paint, refinished hardwood floors, and updated lighting fixtures. In 2017, current ownership installed a solar thermal system and a new boiler. Additionally, the property features drought-resistant landscaping, contributing to sustainability and water conservation efforts. While the property has undergone significant renovations, there remains an opportunity for investors to capitalize on the remaining rental upside through a comprehensive interior renovation program. 250 S Kenmore is ideally located in one of Los Angeles' most vibrant and sought-after neighborhoods. The property is a Walker's Paradise, with convenient access to a wide range of nearby amenities, including entertainment venues, restaurants, shopping, hotels, and nightlife. Positioned in an area with substantial economic growth, 250 S Kenmore presents a unique opportunity to acquire a well-maintained asset with strong potential for long-term appreciation and rental growth.
Property Type(s):
Residential Income
| Last Updated | 1/29/2025 | Year Built | 1926 |
|---|---|---|---|
| Community | Mid-Wilshire | County | Los Angeles |
Additional Details
| APPLIANCES | Refrigerator |
|---|---|
| AREA | Mid-Wilshire |
| GARAGE | None |
| HEAT | Wall Furnace |
| INTERIOR | Ceiling Fan(s) |
| LOT | 8948 sq ft |
| PARKING | None |
| STORIES | 4 |
| ZONING | LAR3 |
Location
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Listed with Kidder Mathews of California, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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