1246 N Kenmore Avenue

    Los Angeles (City), CA 90029
    • $2,490,000
    • STATUS: Active
    • ON SITE: 28 days
    • ID#: SR18150954
    UPDATED: 24 min ago
    $2,490,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,502
      SQFT
    • $453
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1926
    County:

    School Ratings & Info

    Description

    RARE, hard to find on-market, SPANISH STYLE Courtyard Style Bungalow UNITS on extra large lot built in 1927. Over the years, seller has updated each unit. All units are well under market rents & there is huge upside potential rentswise and possible future development potential. All units are spacious (approximately 600 sqft) 1 bedroom, 1 bath units with living room and kitchen. 3 buildings on the lot consists 6 bungalows on each side with front and rear entrances and back building with 2 units on first floor and 2 units on 2nd floor. Each tenant/unit has a parking permit from LA City for street parking. Separately metered for gas and electrical Truly a gem, centrally located within walking distance to shops, groceries, banks, Ramona Elementary, LA City College, Children's Hospital, Kaiser, Hollywood Presbyterian Hospital, churches, Public Transportation, Metro station and 101 Freeway! Has everything around it. The property is in a great location and an excellent opportunity for an investor to capitalize on the great rental upside potential in Hollywood's rapidly gentrifying market. This investment property is located in one of LA's most up-and-coming development areas with tons of new projects being developed. Buyer to cooperate with Seller's 1031 Exchange.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-22T00:29:46.233. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/84967695

    1246 N Kenmore Avenue Los Angeles (City), CA 90029

    • Price: $2,490,000
    • Status: Active
    • Updated: 24 min ago
    • ID#: SR18150954
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    5,502
    SQFT
    $453
    $/SQFT
    1926
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    RARE, hard to find on-market, SPANISH STYLE Courtyard Style Bungalow UNITS on extra large lot built in 1927. Over the years, seller has updated each unit. All units are well under market rents & there is huge upside potential rentswise and possible future development potential. All units are spacious (approximately 600 sqft) 1 bedroom, 1 bath units with living room and kitchen. 3 buildings on the lot consists 6 bungalows on each side with front and rear entrances and back building with 2 units on first floor and 2 units on 2nd floor. Each tenant/unit has a parking permit from LA City for street parking. Separately metered for gas and electrical Truly a gem, centrally located within walking distance to shops, groceries, banks, Ramona Elementary, LA City College, Children's Hospital, Kaiser, Hollywood Presbyterian Hospital, churches, Public Transportation, Metro station and 101 Freeway! Has everything around it. The property is in a great location and an excellent opportunity for an investor to capitalize on the great rental upside potential in Hollywood's rapidly gentrifying market. This investment property is located in one of LA's most up-and-coming development areas with tons of new projects being developed. Buyer to cooperate with Seller's 1031 Exchange.
    Exterior Features

    Architectural Style BungalowSpanish Exterior Features Awning Fence YN Yes Fencing Average Condition Garage Spaces 0.00 Lot Features Lot 6500-9999Near Public Transit Lot Size Source Assessor Lot Size Units Square Feet Parking Features Permit/Decal Parking Total 0.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No View Neighborhood View YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area 600 Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring Laminate Laundry Features None Levels One

    Property Features

    Accessibility Features 2+ Access Exits Additional Parcels YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 99000.00 Gross Scheduled Income 99000.00 Insurance Expense 2000.00 Land Lease YN Yes Laundry YN No Net Operating Income 88000.00 New Taxes Expense 0.00 Number Of Separate Electric Meters 10 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Number Of Units Leased 10 Operating Expense 11000.00 Other Expense 2800.00 Professional Management Expense 0.00 Property Sub Type Commercial/Residential Rent Control YN Yes Senior Community YN Yes Special Listing Conditions Standard Tenant Pays ElectricityGasTrash Collection Total Actual Rent 8500.00 Total Expenses 11000.00 Trash Expense 0.00 Water Sewer Expense 7200.00 Water Source Public Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Poupee Komenkul of Rodeo Realty.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-22T00:29:46.233. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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