2646 Kenwood Ave, Los Angeles, CA 90007

Description

We are pleased to present 2646 Kenwood Ave, a massive 4-unit property (3 units VACANT!!!) located in the highly desirable West Adams neighborhood. Once fully occupied, the building is expected to operate at a 7.06% CAP Rate and 10.14 GRM! The property consists of a single, two-story Craftsman built in 1907 offering a total of 4,229 rentable or livable square feet with a superior unit mix of 100% three bedroom, two-bathroom units that are over 1,000 square feet each! This architecturally stunning property, which also features upgraded electrical and plumbing in addition to an upgraded ABS main sewer line, sits on a 6,622 square foot LAR2 zoned lot with four 1-car garages in the rear, which are RTI for a two-bedroom ADU, and may continue to serve as parking/storage for future tenants or for an ADU(s). With 3 VACANT UNITS, there is an immediate opportunity for an owner user to live in one unit and rent out the others, or for an investor to capture immediate upside and re-rent all three units at market rents in a highly coveted and proven submarket. This opportunity is located less than one block South of Adams Blvd and in very close proximity to one of the trendiest corridors in Los Angeles. Located a short walk away from numerous iconic West Adams restaurants, including Tartine, Alta, Mizlala, Farmhouse Kitchen, Chulita, and Cento, this property is strategically situated nearby a booming corridor that consists of restaurants, new hotels, art galleries, and production studios throughout. Contact the listing broker for additional information.