5.63% Cap Multi-Family Investment 1939 N Kenmore Ave Immeuble residentiel 18 lots 5 168 280 € (287 127 €/Lot) Taux de capitalisation 5,63 % Los Angeles, CA 90027

This exceptional 18-unit apartment community presents a rare investment opportunity in the highly desirable Los Feliz neighborhood of Los Angeles. Situated on an approximately 11,500-square-foot lot and encompassing 18,317 square feet of improvements, the property is 100% leased and generates an actual annual net operating income of $337,886, representing an attractive 5.63% cap rate. Zoned LAR2, the asset benefits from unique block-to-block frontage between Kenmore Avenue and Palmerston Place, providing excellent access and visibility. Ideally located between Los Feliz Boulevard and Franklin Avenue, just five blocks west of Vermont Avenue and eight blocks west of Hillhurst Avenue, the property is surrounded by some of Los Angeles’ most sought-after dining, retail, and entertainment destinations. Residents enjoy close proximity to Griffith Park, with the Greek Theatre and Griffith Observatory less than one mile away, making this a premier, stabilized investment in one of the city's most vibrant and enduring rental markets. Note: Building utilities are master metered and paid by the owner through the rents collected.