Sold
2516 Kent St
Los Angeles CA, 90026
$4,205,000
$451.57 per sqft
Sold
8 Beds
16 Baths
9,312 sqft
Multi-family
Built in 1929
2516 Kent Street is a sixteen-unit apartment community in Los Angeles. The offering provides investors a unique opportunity to purchase a premium asset with strong income metrics in one of the strongest rental markets in Los Angeles. The location is in the middle of the heavily sought-after Silver Lake and Echo Park sub-markets. Silver Lake and Echo Park attract young and diverse residents that appreciate all the unique experiences, hippest restaurants, and destinations in the immediate area. 2516 Kent Street is a short walk from many happening coffee shops and dining options and a short drive from the City's primary employers in Hollywood and Downtown Los Angeles. It features an attractive unit composition of eight (8) One- Bedroom | One-Bathroom units and eight (8) generously sized Studio Lofts. Fifteen of the sixteen (94%) apartment homes have been dramatically restyled and renovated throughout and include new gleaming wood floors and sleek, designer kitchens featuring new cabinetry, butcher block countertops, and updated appliances. The new baths feature new cutting-edge fixtures and flooring throughout. These updated units have proven to attract and satisfy today's intelligent, urban Silver Lake renter and sustain some of the strongest rents in the market. Additional features throughout the property include 1) Gated/secured entry 2) Stylish bucolic outdoor gathering space featuring BBQ/dining area/seating area 3) Tasteful exterior paint job and color palette 4) Attractive streetscape and landscaping 5) Updated common areas with updated design and doors, lighting, locks, and fixtures, and 7) Rooftop energy efficient air conditioning/heating units. Considering the scope and quality of improvements to the asset, 2516 Kent Street is perfectly poised to continue to capture the area's best residents and strongest rents and exhibit below-market operating expenses well into the future. 2516 Kent Street is located in a residential area, so parking is easy for tenants.
23-253983
MLSⓇ ID
March 24, 2023
Listed
November 22, 2024
Updated
Map
2516 Kent St
Los Angeles CA, 90026
Interior Features
Total Stories
2
Bedrooms
8
Total Bathrooms
16
Appliances
Other
Fireplace
No
Cooling
Yes
Cooling Description
Other
Heating
Yes
Heating Description
Other
Exterior/Building Features
Lot Size
0.16 Acres
Other Property Details
Area Name
Silver Lake - Echo Park
Days on Market
139
Garage
No
Parking
None
Parking Total
0
View
No
County
Los Angeles
Pool
No
Zoning
LARD2
Listed by Nick Astrupgaard with KW Commercial Studio City
Listing Contact: 818-432-1580
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor RSR Rogers Stellini Ritt Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 11/22/2024