244 North Kenwood Street

Glendale, CA 91206

$2,450,000
Last Sold Price
1
Beds
6
Baths
5,104 Sq. Ft.
$480 / Sq. Ft.
5,104
Sq. Ft.
$480
per Sq. Ft.

Description

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...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.
  1. Listed by Handoko Chen • DRE #01749321 • Brokerage DRE #02021933 • GIG Real Estate Inc.

Property Details for 244 North Kenwood Street

Parking Spaces Total
5
Private Pool
No
Cooling Type
Wall/Window
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5104
Assessor Parcel Number
5642-017-006

Location

Listing Courtesy of GIG Real Estate Inc., Handoko Chen, DRE #01749321

Sold By RED LETTER REALTY, SYED RAZVI, DRE #01873533

Add your commute
LISTING UPDATED: 03/10/2023 03:52 AM

Property Details for 244 North Kenwood Street

StatusClosed
MLS #AR22229228
Days on Market118
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
CountyLos Angeles County

Location

Listing Courtesy of GIG Real Estate Inc., Handoko Chen, DRE #01749321

Sold By RED LETTER REALTY, SYED RAZVI, DRE #01873533

Add your commute

Building Information for 244 North Kenwood Street

Building/Complex244 N Kenwood StFloor-Stories2Residences-Pet Policy-Year Built1922Building Size-

Payment Calculator

$14,950 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,371

Property Taxes

$1,579

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 244 North Kenwood Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $0
  • Vacancy Allowance Rate: 0
  • Gross Operating Income: $0
  • Net Operating Income: $0
  • Gross Multiplier: 15.11
  • Cap Rate: 4.83
  • Current Financing: Conventional
  • Financing: Cash
Expense Details
  • Operating Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $600
  • Insurance Expense: $3,056
  • Professional Management Expense: $0
  • Workmans Compensation Expense: $0
  • Trash Expense: $2,086
  • Water Sewer Expense: $2,396
  • Total Expenses: $41,470
Tax / Assessment Info
  • Tax Block: 7
  • Tax Tract Number: 0
  • Tax Census Tract: 3020.02
  • CFD/Mello-Roos Fee: $894
  • Tax Lot: 2
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Suburban, Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area, Dryer Included, Washer Included
Exterior Features
  • Property Condition: Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Corner Lot, Lawn, Level with Street, Lot 6500-9999, Rectangular Lot, Level, Near Public Transit
  • Direction Faces: West
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 5
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number With Range: 6
  • Number Wall AC: 2

Property History for 244 North Kenwood Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 244 North Kenwood Street

Taxable ValueLand$1,040,400Additions$624,240Total$1,664,640
Tax Record2023$18,948 ($1,579 / month)
Home Facts
Total Finished SqFt5,104 SqFtAbove Grade Finished SqFt5,104 SqFtLot Size7,527 SqFtStyleQuadraplexYear Built1922ZoningGLR4YYCountyLOS ANGELESAPN5642-017-006

Schools near 244 North Kenwood Street

This home is within Glendale Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
R. D. White Elementary School
PublicK to 5

Woodrow Wilson Middle School
Public6 to 8

Glendale High School
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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 GIG Real Estate Inc., Handoko Chen, DRE #01749321

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.