524 N Kenmore Ave, Los Angeles, CA 90004
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524 N Kenmore Ave Los Angeles, CA 90004

$1,250,000 Sold Price as of 02/23/2023
  • 8 Beds
  • 4 Baths
  • 5,152 Sq.Ft.
Sold
$1,250,000 Sold Price as of 02/23/2023 Refinance Your Mortgage

Map preview of 524 N Kenmore Ave, Los Angeles, CA 90004

Property Overview: 524 N Kenmore Ave Los Angeles, CA has 8 bedrooms, 4 bathrooms, 5,152 living square feet and 9,600 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are proud to present a unique 4-unit investment opportunity in the highly sought-after Wilshire Area market. This property includes four oversized 2 bedroom, 1 bathroom units each with hardwood floors and in-door laundry areas. All are appx. 1,100 sq ft and is situated on a large 9,600 sq ft lot. On-site parking is available for residents. Well maintained, 100% occupied. Separate gas and electrical meters for each unit. Located in a highly dense area, just south of Melrose Ave and the 101 freeway and east of Normandie Ave., west of Vermont Ave.

Listed by Mark Cianciulli | BRE #01990266 | The CREM Group
Last checked: 8 seconds ago | Last updated: June 6th, 2023 | Source CRMLS | DOM: 110

Home details

Lot Sq. Ft
9,600
HOA Dues
$0/mo
Year built
1923
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
22205927
City
Los Angeles
County
Los Angeles
Time on Site
575 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,980
  • Total Rent: $1,980
  • Pro Forma/Market Rent: $10,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,838
  • Total Rent: $1,838
  • Pro Forma/Market Rent: $10,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,295
  • Total Rent: $2,295
  • Pro Forma/Market Rent: $10,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,282
  • Total Rent: $2,282
  • Pro Forma/Market Rent: $10,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.05%
  • Gross Rent Multiplier: 13.9
  • Gross Scheduled Income: --
  • Net Operating Income: $56,728
  • Gross Operating Income: $100,763
Annual Expense Breakdown
  • Total Operating Expense: --
  • Electric: $5,700
  • New Taxes: $16,800
  • Insurance: $5,000
  • Maintenance: $12,000

Property Details for 524 N Kenmore Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Inside
Room Information
  • Flooring: Wood
  • Living Room
Interior Features
  • Security Features: Smoke Detector(s), Gated Community, Carbon Monoxide Detector(s)
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Features: Front Yard
Property Information
  • Total # of Units: 4
  • Parcel Number: 5520008022
  • Architectural Style: Spanish
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: See Google maps.
View more facts & features

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Sale History for 524 N Kenmore Ave

Last sold for $1,250,000 on February 23rd, 2023
  • February, 2023

  • Feb 23, 2023

    Date

    Sold

    CRMLS: 22205927

    $1,250,000

    Price

  • Oct 5, 2022

    Date

    Active

    CRMLS: 22205927

    $1,400,000

    Price

  • October, 2022

  • Oct 4, 2022

    Date

    Active

    CRMLS: 22203327

    $1,400,000

    Price

  • Listing provided courtesy of CRMLS

    The CREM Group is pleased to present a unique 4-unit investment opportunity in the highly sought-after Wilshire Area market. This property includes four oversized 2 bedroom, 1 bathroom units each with hardwood floors and in-door laundry areas. All are appx. 1,100 sq ft and is situated on a large 9,600 sq ft lot. On-site parking is available for residents. Well maintained, 100% occupied. Separate water, gas, and electrical meters for each unit. Located in a highly dense area, just south of Melrose Ave and the 101 freeway and east of Normandie Ave., west of Vermont Ave.

  • December, 2004

  • Dec 13, 2004

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 524 N Kenmore Ave

Assessed Value (2020): $106,653
Year Land Value Improved Value Assessed Value
2020 $65,655 $40,998 $106,653

Home Value Compared to the Market

This property vs the competition

524 N Kenmore Ave sold on February 23, 2023 for 5.04% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $242.62 per/sqft which puts the price per square foot 67.86% lower than the current median sale per square foot for the city of Los Angeles.

About 524 N Kenmore Ave

Detailed summary of property

524 N Kenmore Ave is a multi family that recently sold in Los Angeles, CA 90004. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 5,152 living square feet, and sits on an approximately 9,600 square foot lot. 524 N Kenmore Ave was first listed on ArdentRealEstateGroup.com on October 6, 2022. The homeowner sold the property for $1,250,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 5.04% higher than the current median priced home. Local homes that are currently for sale include 533 N Commonwealth Ave, 317 N Commonwealth Ave and 3456 Plata St. While the average home in Los Angeles, CA is selling in 96 days, 524 N Kenmore Ave has a days on market of 110 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 524 N Kenmore Ave Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 524 N Kenmore Ave

Public county record property details
Beds
8
Baths
4
Year built
1923
Sq. Ft.
5,152
Lot Size
9,599
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
134
APN
5520-008-022

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,388,000
Median List Price/Sq.Ft.
$810
Median Sold Price
$1,650,000
Median Sold Price/Sq.Ft.
$873
Total Inventory
64
Median Sale to List Price %
97.35%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (13.33%), Other (0%)

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Related Resources to 524 N Kenmore Ave

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.