Iconic is pleased to announce the sale of Habitat Apartments at 310 S. Kenmore Ave. in Koreatown.
► 20 Units (83%) Extensively Renovated
► In-Place CAP Rate of 5.07% - GRM of 13.11
► Built in 1988 – Excellent Koreatown Location
► 50% of the Units are 2-Bedroom/2-Bath
► 10-Day Due-Diligence / 45-Day Close-of-Escrow
► Marketed to the Entire Brokerage Community Day 1
► 18 Buyer Groups Toured the Property
► 6 Competitive Offers
THE SELLER has owned the property for 16+ years and elected to 1031 Exchange into a larger asset.
THE BUYER recently sold a smaller asset and purchased Kenmore to complete his 1031 Exchange..
