Sold

2516 Kent St

Los Angeles CA, 90026

$4,205,000


$451.57 per sqft

Sold

8 Beds

9,312 sqft

Residential

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

March 18, 2024

Updated

Map

2516 Kent St
Los Angeles CA, 90026

Interior Features

Total Stories

2


Bedrooms

8 Beds


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 3/18/2024

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