1221-1223 1/2 N Kenmore Ave - Apartments FOR SALE


Los Angeles, CA 90029- Little Armenia
$2,995,000 USD
310-780-5357
1221-1223 1/2 N Kenmore Ave, Los Angeles, CA for Sale
$2,995,000 USD
Apartments - FOR SALE
1/12
null | 5.36% Cap Rate

1221-1223 1/2 N Kenmore Ave
Los Angeles, CA 90029
Little Armenia


HIGHLIGHTS

  • Built in 2017 - Not Subject to Rent Control
  • High Demand Unit Mix - 3-Bed/2.5-Bath, 3-Bed/3-Bath, 4-Bed/3-Bath
  • 3-Story Townhome Style with Modern Features and Finishes
  • Prime East Hollywood Location - Within Walking Distance of the Vermont/Santa Monica Metro Station
  • Walk Score of 91

OVERVIEW

1223 N Kenmore Ave is a newer construction fourplex located in the highly desirable East Hollywood submarket of Los Angeles. Built in 2017, the property consists of approximately 5,373 square feet and offers a highly functional mix of large townhome- style residences designed to meet modern tenant preferences. Importantly, the property is not subject to local rent control, providing investors with valuable operational flexibility and long-term income growth potential. The unit composition includes two 3-bedroom / 2.5-bath units, one 3-bedroom / 3-bath unit, and one 4-bedroom / 3-bath unit, delivering an attractive blend of layouts that appeal to a broad tenant base. Each unit features a multi-level design with no units above or below, enhancing privacy and contributing to strong rental demand. Interior finishes reflect contemporary construction standards, including abundant natural light, spacious bedrooms, hardwood flooring throughout, central air-conditioning, stainless-steel appliance packages, and in-unit washer and dryers. The property’s newer vintage reduces near-term capital expenditure exposure and supports long-term operational efficiency. The asset benefits from a practical and convenient parking configuration, including direct-entry garages and supplemental driveway parking, providing ease of use for residents while remaining consistent with surrounding market expectations. Situated on a quiet residential street, the property is walking distance to the Vermont / Santa Monica Metro station and offers convenient access to major lifestyle, employment, and entertainment corridors, including Silver Lake, Echo Park, Larchmont Village, Koreatown, and Hollywood. This central location underpins the property’s strong tenant appeal and durable investment fundamentals. The combination of newer construction, larger unit layouts, and non-rent-controlled status positions 1223 N Kenmore Ave as a compelling investment opportunity offering stable income characteristics and long-term appreciation potential.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$628 USD /SF

# OF UNITS

4

PRICE/UNIT

$748,750

CAP RATE

5.36%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2017

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,499 SF

ZONING

LARD1.5

APN/PARCEL ID

5540-007-014

ASK ABOUT THIS PROPERTY

310-780-5357

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310-780-5357

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