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1216 N Kenmore Ave, Los Angeles, CA 90029
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1216 N Kenmore Ave Los Angeles, CA 90029

$3,290,000 Sold Price as of 08/05/2022
  • 72 Beds
  • 36 Baths
  • 7,896 Sq.Ft.
Sold
$3,290,000 Sold Price as of 08/05/2022 Refinance Your Mortgage
Map preview of 1216 N Kenmore Ave, Los Angeles, CA 90029

Property Overview: 1216 N Kenmore Ave Los Angeles, CA has 72 bedrooms, 36 bathrooms, 7,896 living square feet and 9,110 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Kamfar Kyle Mirrafati | BRE #01911204 | Matthews Real Estate Investment Services
Last checked: 7 minutes ago | Last updated: March 12th, 2024 | Source CRMLS | DOM: 20

Home details

Lot Sq. Ft
9,110
HOA Dues
$0/mo
Year built
1927
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22161125
City
Los Angeles
County
Los Angeles
Time on Site
841 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,495
  • Total Rent: $2,495
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 2
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,495
  • Total Rent: $2,495
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,395
  • Total Rent: $2,395
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 4
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,800
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,495
  • Total Rent: $2,495
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 6
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,800
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 7
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,646
  • Total Rent: $2,646
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 8
  • # of Units: 7
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,595
  • Total Rent: $2,595
  • Pro Forma/Market Rent: $2,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.87
  • Gross Scheduled Income: --
  • Net Operating Income: $171,441
  • Gross Operating Income: $241,192
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1216 N Kenmore Ave

Interior Features
Cooling Information
  • Has Cooling
  • Dual
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator
Interior Features
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Gated
Property Information
  • Total # of Units: 8
  • Parcel Number: 5540011003
  • Property Condition: Updated/Remodeled
Location / Neighborhood
Location Information
  • Directions: See Google Maps
View more facts & features

Local Los Angeles Agent

Sale History for 1216 N Kenmore Ave

Last leased for $2,995 on March 8th, 2024

  • March, 2024

  • Mar 8, 2024

    Date

    Leased

    CRMLS: WS24029357

    $2,895

    Price

  • Feb 10, 2024

    Date

    Active

    CRMLS: WS24029357

    $2,895

    Price

  • Listing provided courtesy of CRMLS

    2 Bedroom/1.5 Bathroom Apartment Unit Near Little Armenia and East Hollywood **Please note: We DO NOT post on Craigslist! If you find this listing fraudulently posted on Craigslist, please flag and report the listing immediately Located on the first floor, this beautiful 2 Bedroom, 1.5 Bathroom unit with old time charm and modern features is located in an apartment complex by the prestigious East Hollywood and Little Armenia neighborhood. Immediately upon the gated entry through the glass panel main entry door, the main entry common area hallway features reclaimed wood and art accents throughout. Upon entry to the apartment unit, a spacious living room awaits featuring hardwood flooring throughout. By the living room is the kitchen, featuring stainless steel appliances and Carrera style granite slab counter tops powder, along with a half bathroom with pedestal sink and mirror, perfect for friends and family gatherings. The two bedrooms feature large closets with ceiling fan light fixtures and share a full bathroom with luxurious tile throughout. This apartment complex is conveniently located in the heart of East Hollywood near Santa Monica Blvd, with many neighboring restaurants, shopping, and groceries stores nearby with quick and easy access to the 101 Freeway and Vermont/Santa Monica Metro Station. Lush landscaping throughout the community promotes an atmosphere of quiet enjoyment. -Utilities Included: None (Tenants responsible for Electricity, Gas, Water and Sewer, Trash) -Appliances Included: Oven, Stove, Split-System Air Conditioner, Refrigerator, Tankless Water Heater, Dishwasher -Laundry: Stacked Washer and Dryer in Unit -Parking: Assigned Parking space in rear of complex -Security Deposit: Typically depends on your credit and application and will range from 1 month to 2 months. A credit score of 650 and above is preferred. -Maximum number of occupants: 4 (2 per bedroom) -One year lease minimum

  • March, 2024

  • Mar 8, 2024

    Date

    Leased

    CRMLS: WS24038609

    $2,995

    Price

  • Mar 4, 2024

    Date

    Active

    CRMLS: WS24038609

    $2,995

    Price

  • Listing provided courtesy of CRMLS

    2 Bedroom/1.5 Bathroom Apartment Unit Near Little Armenia and East Hollywood **Please note: Showings start March 2024 after tenant move out 3/3/24. Do Not Disturb Tenant! Pictures shown are from another similar unit on the property and may not reflect exact layout and design. Located on the first floor, this beautiful 2 Bedroom, 1.5 Bathroom unit with old time charm and modern features is located in an apartment complex by the prestigious East Hollywood and Little Armenia neighborhood. Immediately upon the gated entry through the glass panel main entry door, the main entry common area hallway features reclaimed wood and art accents throughout. Upon entry to the apartment unit, a spacious living room awaits featuring hardwood flooring throughout. By the living room is the kitchen, featuring stainless steel appliances and Carrera style granite slab counter tops powder, along with a half bathroom with pedestal sink and mirror, perfect for friends and family gatherings. The two bedrooms feature large closets with ceiling fan light fixtures and share a full bathroom with luxurious tile throughout. This apartment complex is conveniently located in the heart of East Hollywood near Santa Monica Blvd, with many neighboring restaurants, shopping, and groceries stores nearby with quick and easy access to the 101 Freeway and Vermont/Santa Monica Metro Station. Lush landscaping throughout the community promotes an atmosphere of quiet enjoyment. -Utilities Included: None (Tenants responsible for Electricity, Gas, Water and Sewer, Trash) -Appliances Included: Oven, Stove, Split-System Air Conditioner, Refrigerator, Tankless Water Heater, Dishwasher -Laundry: Stacked Washer and Dryer in Unit -Parking: Assigned Parking space in rear of complex -Security Deposit: Typically depends on your credit and application and will range from 1 month to 2 months. A credit score of 650 and above is preferred. -Maximum number of occupants: 4 (2 per bedroom) -One year lease minimum

  • February, 2024

  • Feb 25, 2024

    Date

    Leased

    CRMLS: WS24025909

    $2,895

    Price

  • Feb 5, 2024

    Date

    Active

    CRMLS: WS24025909

    $2,895

    Price

  • Listing provided courtesy of CRMLS

    2 Bedroom/1.5 Bathroom Apartment Unit Near Little Armenia and East Hollywood **Please note: We DO NOT post on Craigslist! If you find this listing fraudulently posted on Craigslist, please flag and report the listing immediately Located on the second floor, this beautiful 2 Bedroom, 1.5 Bathroom unit with old time charm and modern features is located in an apartment complex by the prestigious East Hollywood and Little Armenia neighborhood. Immediately upon the gated entry through the glass panel main entry door, the main entry common area hallway features reclaimed wood and art accents throughout. Upon entry to the apartment unit, a spacious living room awaits featuring hardwood flooring throughout. By the living room is the kitchen, featuring stainless steel appliances and Carrera style granite slab counter tops powder, along with a half bathroom with pedestal sink and mirror, perfect for friends and family gatherings. The two bedrooms feature large closets with ceiling fan light fixtures and share a full bathroom with luxurious tile throughout. This apartment complex is conveniently located in the heart of East Hollywood near Santa Monica Blvd, with many neighboring restaurants, shopping, and groceries stores nearby with quick and easy access to the 101 Freeway and Vermont/Santa Monica Metro Station. Lush landscaping throughout the community promotes an atmosphere of quiet enjoyment. -Utilities Included: None (Tenants responsible for Electricity, Gas, Water and Sewer, Trash) -Appliances Included: Oven, Stove, Split-System Air Conditioner, Refrigerator, Tankless Water Heater, Dishwasher -Laundry: Stacked Washer and Dryer in Unit -Parking: Assigned Parking space in rear of complex -Security Deposit: Typically depends on your credit and application and will range from 1 month to 2 months. A credit score of 650 and above is preferred. -Maximum number of occupants: 4 (2 per bedroom) -One year lease minimum

  • August, 2022

  • Aug 5, 2022

    Date

    Sold

    CRMLS: 22161125

    $3,290,000

    Price

  • May 31, 2022

    Date

    Active

    CRMLS: 22161125

    $3,450,000

    Price

  • October, 2018

  • Oct 5, 2018

    Date

    Sold (Public Records)

    Public Records

    $2,925,000

    Price

  • June, 2018

  • Jun 21, 2018

    Date

    Canceled

    CRMLS: 18349346

    $2,999,000

    Price

  • May 31, 2018

    Date

    Active

    CRMLS: 18349346

    $2,999,000

    Price

  • Listing provided courtesy of CRMLS

    5.6 Cap on Actual Rents!!! 12.5 x Gross. Meticulously and beautifully remodeled in 2017. Located walking distance to the Metro and 3 major hospitals creating a very upscale tenant base. Every unit has restored hardwood floors, stacked washer/dryer and new stainless steel appliances. Each unit has beautiful Italian stone counter tops in the kitchen. Bathrooms are tastefully redone with Carrerra tile and new fixtures. Expensive mahogany/walnut glass panel interior doors. Each unit has its own water heater and HVAC systems. There is a roof top observation deck with stunning views of the Hollywood sign, Griffith Observatory, and Downtown L.A. Some apartments have side patios with reclaimed wood fencing and some apartments have wonderful views. Onsite parking for every unit. Did I mention it's a 5.6 CAP?

  • May, 2018

  • May 30, 2018

    Date

    Canceled

    CRMLS: 18327468

    $3,199,000

    Price

  • Mar 29, 2018

    Date

    Active

    CRMLS: 18327468

    $3,199,000

    Price

  • Listing provided courtesy of CRMLS

    Authentic Hollywood apartment building completely re-imagined and modernized. The property is fenced & gated and the approach is through a beautifully landscaped and sculptured court yard and onto the grand steps that lead to the glass panel entry door. Main entry hall is renovated with reclaimed wood and art accents. Each apartment has restored hardwood floors, new stacked washer and dryer appliances, stainless steel stove, fridge, and dishwasher. Each unit has new Carrerra style granite slab counter tops in the kitchen, all new light fixtures, ceiling fans in each bedroom, updated bathrooms with Carrerra tile, and single panel mahogany and walnut glass doors. Each unit has its own water heater and HVAC systems. There is a roof top deck with stunning views of the Hollywood sign, Griffith Observatory, and Downtown L.A. Some apartments have side patios with reclaimed wood fencing and some apartments have wonderful views. Onsite parking for every unit. Easy walk to Metro Stations.

  • January, 2018

  • Jan 29, 2018

    Date

    Canceled

    CRMLS: 18307498

    $2,495

    Price

  • Jan 26, 2018

    Date

    Active

    CRMLS: 18307498

    $2,495

    Price

  • Listing provided courtesy of CRMLS

    Authentic Hollywood apartment building completely re-imagined and modernized. Approach this gated property through the landscaped and sculptured entry and onto the grand steps that lead you through single panel glass doors to the renovated main entry hall with reclaimed wood and art accents. Each apartment has restored hardwood floors, new stacked washer and dryer appliances, stainless steel stove, fridge, and dishwasher. Each unit has new Carrerra style granite slab counter tops in the kitchen, all new light fixtures, ceiling fans in each bedroom, updated bathrooms with Carrerra tile, and single panel mahogany and walnut glass doors. Each unit has its own tank-less water heater and AC & Heat systems. There is a roof top deck with views of the Hollywood sign, Griffith Observatory, and Downtown L.A. Some apartments have side patios with reclaimed wood fencing and some apartments have wonderful views. There is 1 onsite parking space assigned to each apartment. Location is great!

  • April, 2016

  • Apr 20, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,700,000

    Price

  • February, 2016

  • Feb 3, 2016

    Date

    Price Change

    CRMLS: 16971807

    $1,799,000

    Price

  • Jan 14, 2016

    Date

    Price Change

    CRMLS: 16971807

    $1,699,000

    Price

  • Listing provided courtesy of CRMLS

    Beautiful Spanish center courtyard building built in the 1927 and updated with new roof, paint, windows, plumbing, and electrical. Interiors have hardwood floors and high ceilings. Units were updated with newer cabinets and tiles baths. Nearly 900 feet with massive closet space.Most units are well under market rents and carry substantial rental upside. Easy management and great tenants. Separately metered for gas and electrical and has on site laundry and storage. Great rental area very close to Los Feliz and Silverlake. There are 4 parking spaces in the rear and cute rear yard for tenants to relax. 3 units are currently vacant and are shown with market rents of $1,700.

  • October, 2015

  • Oct 19, 2015

    Date

    Active

    CRMLS: 15951625

    $1,999,000

    Price

  • Listing provided courtesy of CRMLS

    Beautiful Spanish center courtyard building built in the 1927 and updated with new roof, pain, windows, plumbing, and electrical. Interiors have hardwood floors and high ceilings. Units are nearly 900 feet. Most units are well under market rents and carries substantial upside. Easy management and great tenants profile. Separately metered for gas and electrical and has on site laundry and storage. Very close to Los Feliz and Silverlake.

  • August, 2015

  • Aug 12, 2015

    Date

    Price Change

    CRMLS: 03005647

    $696,969

    Price

  • Listing provided courtesy of CRMLS

    CHARMING BUILDING WITH ALOT OF CHARACTER. JUST NORTH OF SANTA MONICA AND EAST OF NORMANDIE.

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Tax History for 1216 N Kenmore Ave

Assessed Value (2020): $2,983,500
Year Land Value Improved Value Assessed Value
2020 $1,836,000 $1,147,500 $2,983,500

Home Value Compared to the Market

This property vs the competition

1216 N Kenmore Ave sold on August 5, 2022 for 208.04% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $436.93 per/sqft which puts the price per square foot 39.65% lower than the current median sale per square foot for the city of Los Angeles.

About 1216 N Kenmore Ave

Detailed summary of property

1216 N Kenmore Ave is a multi family that recently sold in Los Angeles, CA 90029. This multi family property offered 72 bedrooms, 36 bathrooms, roughly 7,896 living square feet, and sits on an approximately 9,110 square foot lot. 1216 N Kenmore Ave was first listed on ArdentRealEstateGroup.com on June 1, 2022. The homeowner sold the property for $3,290,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 208.04% higher than the current median priced home. Local homes that are currently for sale include 811 Kodak Dr, 4906 Rosewood Ave and 3321 London St. While the average home in Los Angeles, CA is selling in 106 days, 1216 N Kenmore Ave has a days on market of 20 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1216 N Kenmore Ave Los Angeles, CA 90029 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1216 N Kenmore Ave

Public county record property details
Beds
8
Baths
8
Year built
1927
Sq. Ft.
7,896
Lot Size
9,109
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
21,B
APN
5540-011-003

The source for these homes facts are from public records.

90029 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,022,990
Median List Price/Sq.Ft.
$737
Median Sold Price
$672,500
Median Sold Price/Sq.Ft.
$724
Total Inventory
32
Median Sale to List Price %
105.24%
Avg Days on Market
16
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 1216 N Kenmore Ave

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1240 N Kenmore Ave, Los Angeles, CA 90029
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1254 N Kenmore Ave, Los Angeles, CA 90029
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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