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Listing Agent: Handoko Chen
Courtesy of: GIG Real Estate Inc.
Days On Market: 96
Year Build: 1922
Address: 244 N Kenwood
County: Los Angeles
Neighborhood: 628 - Glendale-south Of 134 Fwy
244 N Kenwood Street, a charming pride-of-ownership 6-unit multifamily investment located in the highly desirable city of Glendale, California. This spectacular opportunity is perfect for an owner-user investor or an investor looking to acquire a superbly located apartment property.
The property is located on a serene and highly convenient street that is surrounded by lush trees, beautiful residential homes, and apartments. The property is considered a “Walker’s Paradise” with a near perfect Walkability Score of 94 according to www.walkscore.com. Located just a few minutes’ walk away is Brand Boulevard and all the easily accessible amenities that it offers.
The property consists of a two-story building with four LARGE 1bedroom+1bathroom, and a back duplex consisting single story with 2 x 1bedroom+1bathroom. It has a 5,104 SF building size on a 7,527 SF lot size. There is a common outdoor seating area between the 2 buildings. Built in 1922 and renovated in 2022, the property has been impeccably maintained and offers a turn-key pride of ownership opportunity for its future owner. The building has been refaced with new bold exterior paint, refreshed landscaping, and cleaned up common area.
The four units in front building has a charming layout and amenities such as coved/curved ceiling, original hardwood floor, built-in cabinets, walk-in closets and much more. These 4 units have large family room that can be easily converted into a 2nd bedroom. Three units in the front building have been beautifully upgraded with new paint, new kitchen (new cabinets, quartz countertops, stainless steel appliances, farm kitchen sink, dishwasher), stacked-up laundry machine, new bathroom (tiled flooring and tiled bathroom wall, new bathtub, new bathroom vanity and mirror), new mini split a/c & heating system, and new lighting throughout.
The 4 units that have been upgraded are getting close to market rent; 1 unit can be delivered vacant, leaving the remaining 1 non-upgraded units with significant upside potential for the new owner. Parking is provided by 5 attached parking garages in the back. Each unit is individually metered for electricity and gas and has individual water heater. The property has a R4 (high-density) zoning.