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$ 2,480,000
Est. payment /mo
Price Dropped by $120K
1246 N Kenmore Ave Los Angeles, CA 90029
4 Beds
4 Baths
8,989 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26078693
Bedrooms 4
Lot Size 8,989 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
INVESTORS: Dont miss this elegant Spanish-style courtyard 10-unit apartment building, featuring a brand-new roof and recently renovated units completed in late 2025. Offered for the first time in over 20 years, this well-maintained property is owned by a motivated, retiring seller. Located in a prime Hollywood neighborhood, the property offers exceptional convenience with close proximity to shopping, dining, entertainment, hospitals, schools, and easy access to major freeways, including the 101, 10, 110, and 5. Enjoy the vibrant lifestyle and nightlife that Hollywood is known for. Street parking is readily available throughout the surrounding area. The property consists of three separate buildings: 1. Right building # 1246 : 3 units. 2. Left building # 1250: 3 units. 3. Real building #1248: 2-story structure with 2 units upstairs and 2 units downstairs. The tenant mix includes long-term residents with both month-to-month and one-year lease agreements. Each unit is separately metered with 10 gas meters and 10 electric meters. Tenants pay their own gas, electricity, and trash services. The landlord pays for water bills. Financial Highlights: Gross annual income $ 141,372.00. Total annual expenses $ 40,115.00. ( Gardener: $ 2,400.00., Insurance $ 17,000.00, Property Taxes $ 14,715.00, water $ 6,000.00 ). The seller intends to complete a 1031 exchange. Buyer cooperation is requested; however, this will not result in any additional cost to the buyer. The seller is motivated and will negotiate the offer.
Location
State CA
County Los Angeles
Zoning Assessor
Direction From Hollywood Blvd- turn right to Normandie - turn left at Fountain Ave-right to N. Kenmore
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5540010012
Acceptable Financing Exchange
Listing Terms Exchange
Listed by Surin Poommai, DRE#01354205 Rise Realty