525 N Kenmore Ave Los Angeles, CA 90004

$1,750,000 Sold Price as of 07/18/2018

6 Beds
6 Baths
4,924 Sq.Ft.

Off Market

$1,750,000 Sold Price as of 07/18/2018 Refinance Your Mortgage

Map preview of 525 N Kenmore Ave, Los Angeles, CA 90004

Property Overview: 525 N Kenmore Ave Los Angeles, CA has 6 bedrooms, 6 bathrooms, 4,924 living square feet and 10,323 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

525 N Kenmore Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $245,000 for the down payment and will need roughly $24,500 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $59,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 525 N Kenmore Ave

Last sold for $1,750,000 on July 18th, 2018

April, 2022
Apr 4, 2022

Date

Active

CRMLS: 22143157

$1,850,000

Price
Listing provided courtesy of CRMLS

This two-story multi-unit property is ideally located in a fantastic location in Los Angeles. Built in 1922, this 3,800+ sqft lies on a 10,300+sqft land . It consists of 7 units within 3 separate buildings. The unit mix consists of (2) 1 Bedroom/1 Bath units and (5) 2 Bedroom/1 Bath units. Amenities include storage spaces, 4 car garage and a communal courtyard. There is an abundance of retail businesses and restaurants nearby plus just a 9 minute walk from the Metro B Line. A limited opportunity that won't last long.

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March, 2022
Mar 26, 2022

Date

Expired

CRMLS: SR21261979

$999,000

Price
Dec 9, 2021

Date

Active

CRMLS: SR21261979

$999,000

Price
Listing provided courtesy of CRMLS

OPPORTUNITY, OPPORTUNITY, OPPORTUNITY!! This property offers six units, all rented in the heart of the city. Located near shopping, dining, 4 miles from dodger stadium, easy freeway access and so much more. Four of the units offer 2 bedrooms with 1 bath and the other two units have 1 bedroom with 1 bath. A total of 3 buildings on the property. Front building offers 4 units. Middle building offers 2 units. And back building offers 4 car garage downstairs with a bonus 2 bedroom 1 bath unit upstairs. Buyer will need to verify if back unit living space is permitted.

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July, 2021
Jul 15, 2021

Date

Expired

CRMLS: 21691794

$1,849,000

Price
Feb 11, 2021

Date

Active

CRMLS: 21691794

$1,849,000

Price
Listing provided courtesy of CRMLS

Located in Qualified Opportunity Zone - This will allow for additional tax incentives per the Tax Cuts and Jobs Act of 2017. | Zoned R3-1 with a Tier 3 TOC Area - The subject property zoning will allow for additional development density bonuses due to its proximity to public transportation. Los Angeles Measure JJJ further incentivize affordable housing near transit. | Surrounded by Nearby Development Projects - Apartment development projects in close proximity include: 14 units on 432 N. Normandie Ave, 18 units on 226 N. Berendo St, and 15 units on 146 N. Berendo St. | Charming Structure with 3 Separate Buildings - With a 53% upside in rents, the vintage of the property reflects the spirit of Los Angeles. The bright-colored buildings and large lot attracts renters from Koreatown, Silverlake and East Hollywood. | Large Lot with the Ability to Exit as a Development - An investor has the option to renovate the units or exit the investment as a 21-unit apartment development.6 Units with Plans in Place for 21 Apartment Units - Plans are available. Inquire with listing agents. | TOC Tier 3 Building Incentives - Bonuses allow for plans to build 21 apartment units. Additional incentives include reduced parking requirements.

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November, 2019
Nov 26, 2019

Date

Canceled

CRMLS: SR18284489

$1,850,000

Price
Jan 12, 2019

Date

Price Change

CRMLS: SR18284489

$1,850,000

Price
Dec 18, 2018

Date

Price Change

CRMLS: SR18284489

$1,950,000

Price
Dec 3, 2018

Date

Active

CRMLS: SR18284489

$2,150,000

Price
Listing provided courtesy of CRMLS

Opportunity Zone Investment on LAR3 zoned 10,324 lot! Existing 6-Unit Property with a Bonus Unit above garage. 3 separate buildings on the lot! Property is in the TOC Tier 3 zone with potential to utilize density and tax incentives! Charming buildings that have been well maintained with washer/dryer hook ups in each unit and separate meters. Located in up and coming Mid-Wilshire development area with great upside rents potential! In close proximity to Los Angeles City College! PLEASE DO NOT DISTURB OCCUPANTS. Interior Inspection upon Accepted Offer!

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July, 2018
Jul 20, 2018

Date

Sold

CRMLS: 18334042

$1,750,000

Price
Jun 15, 2018

Date

Active Under Contract

CRMLS: 18334042

$1,750,000

Price
Jun 6, 2018

Date

Active

CRMLS: 18334042

$1,750,000

Price
May 17, 2018

Date

Active Under Contract

CRMLS: 18334042

$1,750,000

Price
Apr 17, 2018

Date

Active

CRMLS: 18334042

$1,750,000

Price
Listing provided courtesy of CRMLS

Excellent Investment Opportunity in Major Development Area! Income property filled with original character and charm! Well-maintained 6-unit property with a bonus 2+1 unit above garage. Updated plumbing and electrical. All units are individually metered. New exterior paint. LAR3 zoning, each unit has washer/dryer hook ups, lots of upside potential. Hancock Park adjacent near Hollywood, Koreatown, and Los Angeles Community College.Drive by only, please do not enter property or disturb tenants! One unit delivered vacant at the close of escrow. Buyers are to do their own due diligence. Interior inspection contingent upon accepted offer.

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July, 2018
Jul 18, 2018

Date

Sold (Public Records)

Public Records

$1,750,000

Price
May, 2018
May 2, 2018

Date

Canceled

CRMLS: 18323716

$1,988,000

Price
Apr 24, 2018

Date

Active

CRMLS: 18323716

$1,988,000

Price
Apr 14, 2018

Date

Hold

CRMLS: 18323716

$1,988,000

Price
Apr 8, 2018

Date

Price Change

CRMLS: 18323716

$1,988,000

Price
Mar 29, 2018

Date

Active

CRMLS: 18323716

$2,088,000

Price
Listing provided courtesy of CRMLS

Drive by only. Long term tenants. 4 units have been remodeled. Byrs to co-operate with a 1031-exchange. No cost to buyers. New exterior paint. No inspection of property exterior, interior will be done until accepted offer. Units will not be delivered vacant, only the one the sellers is occupying. Investors delight due to zoning code, can build 5 or more units or apartments 4 stories or less. Major development in this area. Byers are to do their own due diligence

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July, 1998
Jul 27, 1998

Date

Sold (Public Records)

Public Records

$225,000

Price

Tax History for 525 N Kenmore Ave

Assessed Value (2020): $1,785,200

Year	Land Value	Improved Value	Assessed Value
2020	$1,326,000	$459,200	$1,785,200

About 525 N Kenmore Ave

Detailed summary of property

525 N Kenmore Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90004 and last sold on July 18, 2018 for $1,750,000. This property has 6 bedrooms, 6 bathrooms, roughly 4,924 living square feet, and sits on an approximately 10,323 square foot lot. Homes 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 47.06% higher than the current median priced home. 525 N Kenmore Ave was last sold on July 18, 2018 for $1,750,000. Local nearby listings include 654 N Virgil Ave #311, 5008 Lemon Grove Ave and 309 S Mariposa Ave #301. The average home in Los Angeles, CA is selling in 96 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. If you are the homeowner and looking to sell the home at 525 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 525 N Kenmore Ave

Public county record property details

Beds: 6
Baths: 6
Year built: 1922
Sq. Ft.: 4,924
Lot Size: 10,323
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 143
APN: 5520-009-005

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

Median Sale to List Price %

97.35%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (13.33%), Other (0%)

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