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732 S Normandie Avenue

Los Angeles (City), CA 90005
  • $6,100,000
  • STATUS: Active
  • ON SITE: 46 Days
  • ID#: 23301953
UPDATED: 205 min ago
$6,100,000
  • 9
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 22,556
    SQFT
  • $270
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1927
County:

School Ratings & Info

Listing Agent(s): Michael Dixon of Nai Capital, Inc. (818-905-2400)


Description

Prime location and high cash flow, the Kent Apartments enjoy an enviable location that puts the best of the Koreatown district at your fingertips. The building has 38 units. the steady stream of rental income is just the beginning, as the Kent Apartments also offer substantial upside in rents. This is a great investment for those investors seeking to enhance their portfolio's value while enjoying stable returns. The Kent Apartments stand as an iconic cornerstone in Koreatown's thriving landscape. With its prime location, historical significance, and future potential, this property encapsulates the essence of what makes this district a sought-after haven for investors. A blend of history, modernity, and financial promise converge at the Kent Apartments, inviting investors to partake in a truly unique and rewarding opportunity. Kent Apartments are 38 units operating as 37 on-site manager occupies 2 units.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-10-03T00:28:54.443. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
www.romerohometeam.com/homes/142552197
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732 S Normandie Avenue Los Angeles (City), CA 90005

  • Price: $6,100,000
  • Status: Active
  • On Site: 46 Days
  • Updated: 205 min ago
  • ID#: 23301953
9
Beds
0
Baths
0
½ Baths
0.17
Acres
22,556
SQFT
$270
$/SQFT
1927
Built
Neighborhood:
C17 - Mid-Wilshire
County:
Los Angeles
Area:
C17 - Mid-Wilshire
Property Description
Prime location and high cash flow, the Kent Apartments enjoy an enviable location that puts the best of the Koreatown district at your fingertips. The building has 38 units. the steady stream of rental income is just the beginning, as the Kent Apartments also offer substantial upside in rents. This is a great investment for those investors seeking to enhance their portfolio's value while enjoying stable returns. The Kent Apartments stand as an iconic cornerstone in Koreatown's thriving landscape. With its prime location, historical significance, and future potential, this property encapsulates the essence of what makes this district a sought-after haven for investors. A blend of history, modernity, and financial promise converge at the Kent Apartments, inviting investors to partake in a truly unique and rewarding opportunity. Kent Apartments are 38 units operating as 37 on-site manager occupies 2 units.
Exterior Features

Parking Features None Parking Total 0

Interior Features

Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association YN No Buyer Financing Cash Cap Rate 5.52 Gross Income 589224 Levels Multi/Split Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 276935 New Construction YN No Possession Close Of Escrow Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Zoning Lar5



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-10-03T00:28:54.443. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
 
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Romero Home Team | eXp Realty
865 Aerovista Pl, Suite 120
San Luis Obispo CA, 93401
Listing Agent(s): Michael Dixon of Nai Capital, Inc. (818-905-2400)