1211 N Kenmore Ave - Apartments FOR SALE


Los Angeles, CA 90029- Little Armenia
$2,699,000 USD
818-807-4995
1211 N Kenmore Ave, Los Angeles, CA for Sale
$2,699,000 USD
Apartments - FOR SALE
1/22
null | 4.56% Cap Rate

1211 N Kenmore Ave
Los Angeles, CA 90029
Little Armenia


HIGHLIGHTS

  • Easy access to transportation and major studios

OVERVIEW

Incredible opportunity to acquire this fully occupied 12 unit asset. Huge upside potential. Current cap rate of 5.61% may easily increase as rents are substantially lower than what the market currently allows. Property is benefitted from number recent upgrades that include a newer roof, windows, plumbing and electrical. Some of the unit upgrades include newer kitchens, bathrooms, and flooring. Located in the heart of East Hollywood this property offer a unique access to world renowned employers such as Netflix, Paramount, and many others. Within minutes tenants can enjoy access to Barnsdall Art Park, Griffith Park, Greek Theater, The Hollywood Bowl, The Pantages Theater, as well as numerous famed restaurants and entertainment establishments.

FOR SALE DETAILS

PRICE

$2,699,000 USD

PRICE/SF

$381 USD /SF

# OF UNITS

12

PRICE/UNIT

$224,917

CAP RATE

4.56%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kenmore Villas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,572 SF

ZONING

R2

APN/PARCEL ID

5540-007-012

ASK ABOUT THIS PROPERTY

Sarkis GaribyanColdwell Banker Hallmark RealtyMore Info
818-807-4995

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Sarkis GaribyanColdwell Banker Hallmark RealtyMore Info
818-807-4995

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.