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2901 Kenwood Ave, Los Angeles, CA 90007
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2901 Kenwood Ave Los Angeles, CA 90007

$1,885,000 Sold Price as of 04/15/2022
  • 8 Beds
  • 12 Baths
  • 5,680 Sq.Ft.
Sold
$1,885,000 Sold Price as of 04/15/2022 Refinance Your Mortgage
Map preview of 2901 Kenwood Ave, Los Angeles, CA 90007

Property Overview: 2901 Kenwood Ave Los Angeles, CA has 8 bedrooms, 12 bathrooms, 5,680 living square feet and 9,889 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Back on the Market! Two adjacent properties being sold as a portfolio in a very nice community walking distance to USC campus and Exposition Park. Minutes to Downtown Los Angeles. Close to 10 fwy and 110 fwy. 2901 Kenwood Ave. and 1670 29th St. sold together. All data shown are the two combined properties; Building size, lot size, rents, expenses. Combined total of 10 units. . Kenwood building consists of four 1 bedroom units and four single studios. 1670 29th St. consists of two units each with 2 bedroom and 1 1/2 baths. Each building has it's own separate electric and gas meters for each individual tenant. All tenants are current with rents. Both buildings have 1 car off the street parking for each unit. Both properties share a common driveway and parking lot. Long time owner has kept both buildings in very good condition. Great upside potential for market rents. Call today!!

Listed by FERNANDO REZA | BRE #01451616 | KELLER WILLIAMS COVINA
Last checked: 9 minutes ago | Last updated: April 15th, 2022 | Source CRMLS | DOM: 25

Home details

Lot Sq. Ft
9,889
HOA Dues
$0/mo
Year built
1957
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
CV22012282
City
Los Angeles
County
Los Angeles
Time on Site
972 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 2
  • # of Leased Units: 10
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Actual Rent: $1,700
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: --
  • # of Baths: 1
  • Actual Rent: $750
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: --
  • # of Baths: 1
  • Actual Rent: $850
  • Total Rent: --
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $900
  • Total Rent: --
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $950
  • Total Rent: --
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $900
  • Total Rent: --
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,500
  • Total Rent: --
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Actual Rent: $2,300
  • Total Rent: --
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: --
  • # of Baths: 1
  • Actual Rent: $850
  • Total Rent: --
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: --
  • # of Baths: 1
  • Actual Rent: $850
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.65%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $138,600
  • Net Operating Income: $115,124
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $19,876
  • Insurance: $4,636
  • Maintenance: $840
  • Water/Sewer: $14,400

Property Details for 2901 Kenwood Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Inside
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
Lot Information
  • Lot Features: Lot 6500-9999, Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 5054007025
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of 10 FWY off of Normandie and 29th Street
View more facts & features

Local Los Angeles Agent

Sale History for 2901 Kenwood Ave

Last sold for $1,885,000 on April 15th, 2022

  • January, 2022

  • Jan 21, 2022

    Date

    Active

    CRMLS: CV22012282

    $2,100,000

    Price

  • August, 2021

  • Aug 18, 2021

    Date

    Active

    CRMLS: CV21117737

    $1,965,888

    Price

  • Jun 11, 2021

    Date

    Active Under Contract

    CRMLS: CV21117737

    $1,965,888

    Price

  • Jun 2, 2021

    Date

    Active

    CRMLS: CV21117737

    $1,965,888

    Price

  • Listing provided courtesy of CRMLS

    Back on the Market! Won't last!! Rare opportunity to own two well kept multi unit corner properties in a side by side portfolio in a very nice community. Purchase includes 2901 Kenwood Ave and 1670 W. 29th St. Properties are side by side. These Two properties are walking distance to USC Campus and Exposition Park. Minutes to Downtown LA and close to 10 Fwy and 110 Fwy. Kenwood Bldg consists of eight units with each unit having one bedroom and one bath. 29th St. consists of two units each with two bedrooms and one bath. Each Bldg has its own separate meters for each of the tenants. All tenants are current with rents. Both Bldgs have one car off the street parking available for each unit and share an entry driveway. Longtime owner has kept both buildings in very good condition and meticulously maintained. Some of the units are rented under market value and have great potential.

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Tax History for 2901 Kenwood Ave

Assessed Value (2020): $385,362
Year Land Value Improved Value Assessed Value
2020 $126,002 $259,360 $385,362

Home Value Compared to the Market

This property vs the competition

2901 Kenwood Ave sold on April 15, 2022 for 87.5% 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 $369.72 per/sqft which puts the price per square foot 48.93% lower than the current median sale per square foot for the city of Los Angeles.

About 2901 Kenwood Ave

Detailed summary of property

2901 Kenwood Ave is a multi family that recently sold in Los Angeles, CA 90007. This multi family property offered 8 bedrooms, 12 bathrooms, roughly 5,680 living square feet, and sits on an approximately 9,889 square foot lot. 2901 Kenwood Ave was first listed on ArdentRealEstateGroup.com on January 21, 2022. The homeowner sold the property for $1,885,000. 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 87.5% higher than the current median priced home. Local homes that are currently for sale include 1445 E 76th Pl, 2655 Short St and 1611 E Cesar E Chavez Ave. While the average home in Los Angeles, CA is selling in 106 days, 2901 Kenwood Ave has a days on market of 25 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 2901 Kenwood Ave Los Angeles, CA 90007 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2901 Kenwood Ave

Public county record property details
Beds
8
Baths
8
Year built
1957
Sq. Ft.
3,096
Lot Size
5,616
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
22
APN
5054-007-025

The source for these homes facts are from public records.

90007 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,495,000
Median List Price/Sq.Ft.
$610
Median Sold Price
$1,025,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
16
Median Sale to List Price %
100%
Avg Days on Market
0
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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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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