$5,400,000
$895K PRICE DROP

Estimated payment $34,823/month

Total Views 244
6 Beds
40 Baths
24,592 Sq Ft
$220 Price per Sq Ft

About This Home

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.

Listing Agent

Janet Neman

Kidder Mathews of California, Inc. License #01069127 Listed on: 08/12/2025

Co-Listing Agent

Angelica Gotzev

Kidder Mathews of California, Inc. License #02053007

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 8,948 Sq Ft Lot

Home Design

  • Split Level Home

Interior Spaces

  • 24,592 Sq Ft Home
  • 4-Story Property
  • Ceiling Fan
  • Oven or Range
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 40 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 40 Units
  • Laundry Facilities
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 5518-021-019

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 24592
  • Lot Acreage: 0.2054
  • Stories: 4
  • Year Built: 1926
  • Number Of Photos: 19
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Laundry: Community, Laundry Area
  • Total Bathrooms: 40.00
  • Equipment: Refrigerator, Ceiling Fan, Range/Oven
  • Price Per S Q F T: 219.58

Exterior Features

  • Other Structures: None

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 25.01
  • Assessed Improvement Value: 1138219
  • Assessed Land Percent: 74.99
  • Assessed Land Value: 3412898
  • Total Assessed Value: 4551117
  • Assessor Parcel Number: 5518-021-019
  • Lot Size Area: 8948

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 7.48
  • Number Of Units: 40
  • Total Annual Expense: 275244
  • Type Of Units: Multifamily
  • Vacancy Rate: 3%

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2025 08/12/25 Price Changed $5,400,000 0.0% $220 / Sq Ft
08/12/2025 08/12/25 For Sale $5,400,000 -14.2% $220 / Sq Ft
07/14/2025 07/14/25 Off Market $6,295,000 -- --
01/29/2025 01/29/25 For Sale $6,295,000 -- $256 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25491227

The MLS