1246-1248 N Kenmore Ave - Apartments FOR SALE


Los Angeles, CA 90029- Little Armenia
$2,600,000 USD
818-442-4220
1246-1248 N Kenmore Ave, Los Angeles, CA for Sale
$2,600,000 USD
Apartments - FOR SALE
1/9
null | 3.89% Cap Rate

1246-1248 N Kenmore Ave
Los Angeles, CA 90029
Little Armenia


HIGHLIGHTS

  • Recently renovated units and a new roof completed in late 2025.
  • Three building layout with separate meters for each unit.
  • High-demand Hollywood location with convenient access to major freeways.
  • Tenants pay their own gas, electricity, and trash services.
  • Stable tenant mix with a combination of month-to-month and one-year agreements.
  • Annual gross income of $141,372 with landlord paying only water.

OVERVIEW

This rare Spanish-style courtyard apartment building presents an outstanding investment opportunity in the heart of Hollywood. Offered for the first time in over two decades, the property features three separate structures housing 10 units, including a two-story building with four apartments and two adjacent buildings with three units each. Significant capital improvements have been made, including a brand-new roof and recently renovated interiors completed in late 2025, ensuring long-term durability and tenant appeal. Situated in a highly connected Hollywood neighborhood, the property benefits from proximity to dining, entertainment, hospitals, schools, and major freeways such as the 101, 10, 110, and 5, supporting strong rental demand. All units are separately metered for gas and electricity, reducing operating costs, with tenants responsible for their own utilities and the owner covering water service. Current income generation is supported by long-term tenants on both month-to-month and one-year leases. With annual income of approximately $141,372 and operating expenses of $40,115, this well-maintained investment offers immediate cash flow and long-term upside potential. The retiring seller is motivated and intends to complete a 1031 exchange, creating an efficient transaction for qualified buyers.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$473 USD /SF

# OF UNITS

10

PRICE/UNIT

$260,000

CAP RATE

3.89%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1926

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,837 SF

ZONING

R4-2, Los Angeles

APN/PARCEL ID

5540-010-012

ASK ABOUT THIS PROPERTY

Surin Poomaicentury21More Info
818-442-4220

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Surin Poomaicentury21More Info
818-442-4220

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