1216 N Kenmore Ave - Apartments FOR SALE


Los Angeles, CA 90029- Little Armenia
$3,595,000 USD
818-219-6146
1216 N Kenmore Ave, Los Angeles, CA for Sale
$3,595,000 USD
Apartments - FOR SALE
1/17
null | 5.54% Cap Rate

1216 N Kenmore Ave
Los Angeles, CA 90029
Little Armenia


HIGHLIGHTS

  • Every Unit Completely Remodeled with Modern Upgrades and High-End Amenities
  • Interiors Feature In-Unit Washer/Dryers, Mini- Split HVAC Units, Carrara Granite Countertops, Stainless Steel Appliances, and Tankless Water Heaters
  • Outstanding Unit Mix – All Two-Bedroom Units
  • Several Major Building Systems Updated – New Electric Panels and Subpanels, New Copper Plumbing
  • Reduced Expenses – Tenants Pay Own Gas, Electricity, and Trash Bills
  • Spacious Floorplans – Apartments Average Nearly 1,000 Square Feet Each

OVERVIEW

Marcus & Millichap is pleased to announce the opportunity to purchase 1216 N Kenmore Avenue, a completely remodeled multifamily property situated between Los Feliz, Silver Lake, and Virgil Village in Los Angeles, CA. Each of the eight apartments includes two bedrooms with spacious floorplans, as the building spans 7,896 square feet. In recent years, the entire building has undergone an extensive renovation program that upgraded several major systems as well as all unit interiors. The plumbing was updated to copper pipes while new electrical panels and subpanels were installed, which may help reduce future insurance costs in addition to improving energy efficiency. Each unit also includes its own individual tankless water heater. Apartment interiors now feature restored hardwood flooring, in-unit washer/dryers, Carrara granite countertops, mini-split HVAC units, and stainless steel appliances. Select units also have private balconies, while tenants also benefit from on-site parking – a rarity among multifamily buildings in this neighborhood – for eight vehicles. Situated just three blocks from Los Feliz, just south of Barnsdall Art Park, the building affords tenants convenient access to nearby Sunset Junction and Silver Lake, Virgil Village, Larchmont Village, and Franklin Village. Residents can also easily venture into Hollywood to enjoy its world-renowned entertainment and dining experiences.

FOR SALE DETAILS

PRICE

$3,595,000 USD

PRICE/SF

$455 USD /SF

# OF UNITS

8

PRICE/UNIT

$449,375

CAP RATE

5.54%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

All 2 BRs | New Electrical & Copper Plumbing

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,113 SF

ZONING

-

APN/PARCEL ID

5540-011-003

ASK ABOUT THIS PROPERTY

Rick RaymundoMarcus and MillichapMore Info
818-219-6146

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Rick RaymundoMarcus and MillichapMore Info
818-219-6146

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.