1216 North Kenmore Avenue

Los Angeles, CA 90029

$3,290,000
Last Sold Price
16
Beds
8
Baths
7,896 Sq. Ft.
$417 / Sq. Ft.
7,896
Sq. Ft.
$417
per Sq. Ft.

Description

Matthews Real Estate Investment Services, as the exclusive listing agent, is pleased to offer the opportunity to acquire 1216 N Kenmore Ave, an eight-unit, "turn-key" apartment community situated in an Opportunity Zone in the Little Armenia neighborhood of East Hollywood. The property has been completely remodeled and modernized to bring back all the charm and characteristics of this authentic Hollywood property. Approach this gated and secured property that leads to a beautiful landscaped and sculptured...Matthews Real Estate Investment Services, as the exclusive listing agent, is pleased to offer the opportunity to acquire 1216 N Kenmore Ave, an eight-unit, "turn-key" apartment community situated in an Opportunity Zone in the Little Armenia neighborhood of East Hollywood. The property has been completely remodeled and modernized to bring back all the charm and characteristics of this authentic Hollywood property. Approach this gated and secured property that leads to a beautiful landscaped and sculptured entryway, and into a bright renovated main entry hall with reclaimed wood and art accents. The units feature spacious open floor plans with restored hardwood floors, stainless steel appliances, granite countertops, and upgraded bathrooms. Additionally, each unit has in-unit washer/dryer, split AC & heating system, tankless water, and select units with private balconies. Best of all, there is a roof-top deck for all tenants to enjoy with views of the Hollywood sign, Griffith Observatory, and Downtown LA. This represents a unique opportunity to acquire a pride of ownership property in a great neighborhood of East Hollywood. With this rare buying opportunity, a new owner will have the opportunity to capture over 10% in rental upside, enjoy strong cash flow year one, and take advantage of the Opportunity Zone that can offer powerful tax incentives to investors.
  1. Listed by Kamfar Kyle Mirrafati • DRE #01911204 • Brokerage DRE #01469842 • Matthews Real Estate Investment Services

Property Details for 1216 North Kenmore Avenue

Zoning
LARD1.5
Parcel Number
5540011003
Total Units
8.0
Living Area
7896
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)
Vacancy Rate
2
Lot Size Area
9110

Location

Listing Courtesy of Matthews Real Estate Investment Services, Kamfar Kyle Mirrafati, DRE #01911204

Sold By Matthews Real Estate Investment Services, Kamfar Kyle Mirrafati, DRE #01911204

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LISTING UPDATED: 08/08/2022 01:48 PM

Property Details for 1216 North Kenmore Avenue

StatusSold
MLS #22-161125
Days on Market20
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1927
Lot Size0.21 AC / 9,110 SF
CountyLos Angeles County

Location

Listing Courtesy of Matthews Real Estate Investment Services, Kamfar Kyle Mirrafati, DRE #01911204

Sold By Matthews Real Estate Investment Services, Kamfar Kyle Mirrafati, DRE #01911204

Add your commute

Building Information for 1216 North Kenmore Avenue

Stories2Residences-Year Built1927Building Size-Lot Size0.21 AC / 9,110 SF

Payment Calculator

$21,354 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,955

Property Taxes

$3,399

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1216 North Kenmore Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • Security Features: Gated
  • Property Condition: Updated/Remodeled
  • Water Heaters: Yes
  • Water Heater Features: Gas
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $241,192
  • Net Operating Income: $171,441.00
  • Gross Income: $248,652
  • Cap Rate: 4.97%
  • Gross Rent Multiplier: $13.87
  • Total Annual Expense: 69752
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.2091
  • Lot Size Square Feet: 9110
Parking Details
Parking Details
  • Parking Garage: Gated
  • Total Parking: 8
  • Open Other Spaces Total: 8
  • Parking Features: Gated
Interior Features
Interior Features
  • Cooling: Dual
  • Cooling Type: Dual, Air Conditioning
  • Heating Type: Other
  • Equipment: Dishwasher, Dryer, Washer, Refrigerator, Range/Oven, Microwave
  • Common Walls: Attached
  • Laundry: In Unit
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-31-2022
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,495.00
  • Unit Actual Rent: $2,495.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,800.00
  • Unit Actual Rent: $2,800.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,495.00
  • Unit Actual Rent: $2,495.00
  • Unit Projected Rent: $2,900.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,395.00
  • Unit Actual Rent: $2,395.00
  • Unit Projected Rent: $2,900.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,800.00
  • Unit Actual Rent: $2,800.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 5
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,646.00
  • Unit Actual Rent: $2,646.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 6
Unit 7 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,595.00
  • Unit Actual Rent: $2,595.00
  • Unit Projected Rent: $2,900.00
  • Like Units: 7
Unit 8 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,495.00
  • Unit Actual Rent: $2,495.00
  • Unit Projected Rent: $2,900.00
  • Like Units: 8
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,159,388.00
  • Assessed Improvement Percent: 38.46
  • Assessed Land Value: $1,855,020.00
  • Assessed Land Percent: 61.54
  • Assessed Total Value: $3,014,408.00

Property History for 1216 North Kenmore Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1216 North Kenmore Avenue

Taxable ValueLand$2,400,000Additions$890,000Total$3,290,000
Tax Record2023$40,788 ($3,399 / month)
Home Facts
Total Finished SqFt7,896 SqFtAbove Grade Finished SqFt7,896 SqFtLot Size9,110 SqFtStyleMulti-Family Res (5+ Units)Year Built1927ZoningLARD1.5CountyLOS ANGELESAPN5540-011-003

Schools near 1216 North Kenmore Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ramona Elementary School
PublicK to 6

Joseph Le Conte Middle School
Public6 to 8

Helen Bernstein High School
Public9 to 12

STEM Academy at Bernstein High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Matthews Real Estate Investment Services, Kamfar Kyle Mirrafati, DRE #01911204

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.