672 N Kenmore Ave 23 Unit Apartment Building $2,800,000 ($121,739/Unit) 7.34% Cap Rate Los Angeles, CA 90004

Kidder Mathews, as exclusive listing agent, is pleased to present 672 N Kenmore Avenue, a charming 23-unit apartment community located in East Hollywood Steps from LACC and Virgil Village.
THE ASSET
Offered for sale for the first time in nearly 30 years, 672 N Kenmore Avenue is a 23-unit apartment community providing investors with an attractive combination of strong in-place cash flow and future value-add potential. Comprised of mostly one-bedroom units, the property is offered at an attractive basis of approximately $122,000 per unit and $225 per square foot while delivering an impressive 7.34% going-in cap rate and 7.51 current GRM.
Situated on a prominent corner lot, the Property offers residents a secure living environment with gated keypad entry and surveillance cameras. Additional building amenities and infrastructure include separate gas and electric metering, helping to minimize owner-paid utility expenses.
With approximately 21% upside in rental income achievable through unit turnover and interior renovations, 672 N Kenmore Avenue presents investors with a rare opportunity to acquire a well-located asset offering both immediate cash flow and long-term upside potential.
THE NEIGHBORHOOD
672 N Kenmore Avenue is ideally located in East Hollywood, one of Los Angeles' most centrally positioned and transit-oriented rental submarkets. Residents enjoy convenient access to Hollywood, Koreatown, Silver Lake, Los Feliz, and Downtown Los Angeles, placing the Property near many of the city's premier employment, dining, entertainment, and cultural destinations.
The Property is located just steps from Los Angeles City College and the vibrant Virgil Village neighborhood, one of East Hollywood's most sought-after lifestyle destinations featuring an eclectic collection of popular cafés, restaurants, boutiques, and neighborhood gathering spaces. The neighborhood also benefits from convenient access to the 101 Freeway and nearby Metro transit options, providing exceptional connectivity throughout Los Angeles.
East Hollywood's central location, transit accessibility, relative affordability, and proximity to major lifestyle and employment centers continue to attract a diverse tenant base. Supported by strong surrounding fundamentals and consistent housing demand, the neighborhood remains one of Los Angeles' most compelling multifamily investment markets.