941 1/2 S Kenmore Ave, Los Angeles, CA 90006

Built in 1923, this 24-unit property totals 13,800 SF on a 6,664 SF lot in the heart of Koreatown. The building features single units and has a community laundry room on-site.This offering presents an investor the opportunity to purchase a value-add investment with true rental upside. At the asking price, the price per square foot is $286 with a pro forma GRM of 10.52. The building is separately metered for gas and the exterior has just been painted.The Koreatown submarket remains one of the most desirable addresses for both living and working for residents who need to commute to both Downtown Los Angeles and Hollywood. The subject property is surrounded by new developments between 8th Street & Olympic Boulevard. With over 125,000 people living within one mile and an average home value of over $700,000 within a three-mile radius, the demand for apartment units continues to increase. The subject property has a walk score of 93 and is within walking distance to the Wilshire/Norma