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Kenmore Villas 1211 N Kenmore Ave 12 Unit Apartment Building $2,699,000 ($224,917/Unit) 5.61% Cap Rate Los Angeles, CA 90029
Investment Highlights
- Easy access to transportation and major studios.
- Recent upgrades include roof, windows, plumbing, and electrical systems.
- Walkable neighborhood with excellent transit connectivity.
- Fully occupied 12-unit apartment building with consistent cash flow.
- Located in East Hollywood near major studios and entertainment venues.
- Upside potential through rent increases as current rents are below market.
Executive Summary
Incredible opportunity to acquire this fully occupied 12 unit asset. Huge upside potential. Current cap rate of 5.61% may easily increase as rents are substantially lower than what the market currently allows. Property is benefitted from number recent upgrades that include a newer roof, windows, plumbing and electrical. Some of the unit upgrades include newer kitchens, bathrooms, and flooring. Located in the heart of East Hollywood this property offer a unique access to world renowned employers such as Netflix, Paramount, and many others. Within minutes tenants can enjoy access to Barnsdall Art Park, Griffith Park, Greek Theater, The Hollywood Bowl, The Pantages Theater, as well as numerous famed restaurants and entertainment establishments.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,699,000 | Apartment Style | Low-Rise |
| Price Per Unit | $224,917 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.61% | Building Size | 7,082 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 21 | No. Stories | 2 |
| No. Units | 12 | Year Built | 1927 |
| Property Type | Multifamily | Parking Ratio | 0.63/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R2 - Restricted Density Multiple Dwelling | ||
| Price | $2,699,000 |
| Price Per Unit | $224,917 |
| Sale Type | Investment |
| Cap Rate | 5.61% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 21 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 7,082 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1927 |
| Parking Ratio | 0.63/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R2 - Restricted Density Multiple Dwelling |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,325 | - |
| 1+1 | 8 | $10,731 | - |
| Studios | 3 | $2,695 | - |
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5540-007-012 | Total Assessment | $806,304 |
| Land Assessment | $342,726 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $463,578 | Tax Year | 2025 |
Property Taxes
Parcel Number
5540-007-012
Land Assessment
$342,726
Improvements Assessment
$463,578
Total Assessment
$806,304
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Kenmore Villas | 1211 N Kenmore Ave
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