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1240 N Kenmore Ave, Los Angeles, CA 90029
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1240 N Kenmore Ave Los Angeles, CA 90029

$1,795,000 Sold Price as of 09/15/2020
  • 10 Beds
  • 10 Baths
  • -- Sq.Ft.
Sold
$1,795,000 Sold Price as of 09/15/2020 Refinance Your Mortgage
Map preview of 1240 N Kenmore Ave, Los Angeles, CA 90029

Property Overview: 1240 N Kenmore Ave Los Angeles, CA has 10 bedrooms, 10 bathrooms, -- living square feet and 7,500 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present a ten (10) unit apartment building located at 1240 NorthKenmore Avenue in Los Angeles, California. The subject property is situated in a prime East Hollywood location, north of Santa Monica Boulevard and east of North Normandie Avenue. Built in 1926, this property features ten (10) one-bedroom / one-bathroom units in three (3) separate buildings on one (1) lot. The two (2) front buildings hold three (3) units on either side of a central courtyard leading to the back building, which holds four (4) separate units in quadruplex style. Four(4) of the units will be delivered vacant. At the center, a beautiful, charming, vibrant courtyard delights visitors by transporting them back to Old Hollywood with classic 1920s-style Spanish bungalows. Positioned in prime East Hollywood, this offering presents an excellent opportunity to an investor to capitalize on a 40% vacant building with incredible rental upside potential adjacent to Los Feliz.

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap
Last checked: 16 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 9

Home details

Lot Sq. Ft
7,500
HOA Dues
$0/mo
Year built
1926
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20620494
City
Los Angeles
County
Los Angeles
Time on Site
1345 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 10
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.24
  • Gross Scheduled Income: --
  • Net Operating Income: $97,235
  • Gross Operating Income: $139,682
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1240 N Kenmore Ave

Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 10
  • Parcel Number: 5540010013
  • Architectural Style: Bungalow
Location / Neighborhood
Location Information
  • Directions: The subject property is situated north of Santa Monica Boulevard, and east of North Normandie Avenue.
View more facts & features

Local Los Angeles Agent

Sale History for 1240 N Kenmore Ave

Last sold for $1,795,000 on September 15th, 2020

  • September, 2020

  • Sep 16, 2020

    Date

    Sold

    CRMLS: 20620494

    $1,795,000

    Price

  • Aug 27, 2020

    Date

    Active Under Contract

    CRMLS: 20620494

    $2,050,000

    Price

  • Aug 19, 2020

    Date

    Active

    CRMLS: 20620494

    $2,050,000

    Price

  • September, 2020

  • Sep 14, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,795,000

    Price

  • December, 1998

  • Dec 24, 1998

    Date

    Sold (Public Records)

    Public Records

    $179,000

    Price

Show More

Tax History for 1240 N Kenmore Ave

Assessed Value (2020): $315,349
Year Land Value Improved Value Assessed Value
2020 $265,186 $50,163 $315,349

Home Value Compared to the Market

This property vs the competition

1240 N Kenmore Ave sold on September 15, 2020 for 83.04% higher than the current median sold price for the city of Los Angeles which is $1,120,000.

About 1240 N Kenmore Ave

Detailed summary of property

1240 N Kenmore Ave is a multi family that recently sold in Los Angeles, CA 90029. This multi family property offered 10 bedrooms, 10 bathrooms, roughly -- living square feet, and sits on an approximately 7,500 square foot lot. 1240 N Kenmore Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,795,000. 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 83.04% higher than the current median priced home. Local homes that are currently for sale include 4444 Prospect Ave, 563 N Alexandria Ave and 5608 Fernwood Ave. While the average home in Los Angeles, CA is selling in 106 days, 1240 N Kenmore Ave has a days on market of 9 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 1240 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 1240 N Kenmore Ave

Public county record property details
Beds
10
Baths
10
Year built
1926
Sq. Ft.
5,172
Lot Size
7,500
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
5540-010-013

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%)

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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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