All 2 BRs | New Electrical & Copper Plumbing 1216 N Kenmore Ave 8 Unit Apartment Building $3,410,000 ($426,250/Unit) 5.91% Cap Rate Los Angeles, CA 90029

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.