Property Highlights

 

  • Prime Koreatown Location
  • Low Rents Provide Great Long Term Upside
  • True Value-Add Opportunity
  • High-Demand Rental Market
  • Also Available 915 South Kenmore Avenue – 18 Units

Property Description

The 849 Kenmore Apartments is a 22 unit, 1920’s construction apartment building. The property is three stories and of reinforced brick construction. The property is individually metered for electricity and master-metered for all other utilities. The property is of a central hallway configuration with two staircases and no elevator. The unit mix consists of 22 studios with a kitchen and bathroom. There is no on-site parking but the property is within walking distance to several bus stations as well as the metro line. The property has extremely low rents, providing an enormous upside in lease rates for a new owner. All entrances are secured. There is a laundry facility on-site.

Location Description

Maps / Aerial

Contact Us To Learn More

Brent Sprenkle

Senior Managing Director

phone: 310.470.4892

email: brent.sprenkle@berkadia.com

CA BRE License #01290116

Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan banking and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc.

In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker Lic. #01931050, Berkadia Commercial Mortgage LLC under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116.  For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing.aspx

South Bay Los Angeles Office

2321 Rosecrans Avenue, Suite 3235

El Segundo, California 90245 // T. 310.470-4892

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