27
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$2,600,000
Est. payment /mo
8,990 Sqft Lot
Active
1246 N Kenmore Ave Los Angeles, CA 90029
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Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26078693
HOA Y/N No
Rental Info 12 Months
Year Built 1926
Lot Size 8,990 Sqft
Property Sub-Type Apartment
Property Description
INVESTORS: Don't miss this elegant Spanish-style courtyard 10-unit apartment building, featuring a brand-new roof and recently renovated units completed in late 2025. Offered for the first time in over 20 years, this well-maintained property is owned by a motivated, retiring seller.
Located in a prime Hollywood neighborhood, the property offers exceptional convenience with close proximity to shopping, dining, entertainment, hospitals, schools, and easy access to major freeways, including the 101, 10, 110, and 5. Enjoy the vibrant lifestyle and nightlife that Hollywood is known for. Street parking is readily available throughout the surrounding area.
The property consists of three separate buildings: 1. Right building # 1246 : 3 units. 2. Left building # 1250: 3 units. 3. Real building #1248: 2-story structure with 2 units upstairs and 2 units downstairs.
The tenant mix includes long-term residents with both month-to-month and one-year lease agreements. Each unit is separately metered with 10 gas meters and 10 electric meters. Tenants pay their own gas, electricity, and trash services. The landlord pays for water bills.
Financial Highlights: Gross annual income $ 141,372.00. Total annual expenses $ 40,115.00. ( Gardener: $ 2,400.00., Insurance $ 17,000.00, Property Taxes $ 14,715.00, water $ 6,000.00 ).
The seller intends to complete a 1031 exchange. Buyer cooperation is requested; however, this will not result in any additional cost to the buyer.
Located in a prime Hollywood neighborhood, the property offers exceptional convenience with close proximity to shopping, dining, entertainment, hospitals, schools, and easy access to major freeways, including the 101, 10, 110, and 5. Enjoy the vibrant lifestyle and nightlife that Hollywood is known for. Street parking is readily available throughout the surrounding area.
The property consists of three separate buildings: 1. Right building # 1246 : 3 units. 2. Left building # 1250: 3 units. 3. Real building #1248: 2-story structure with 2 units upstairs and 2 units downstairs.
The tenant mix includes long-term residents with both month-to-month and one-year lease agreements. Each unit is separately metered with 10 gas meters and 10 electric meters. Tenants pay their own gas, electricity, and trash services. The landlord pays for water bills.
Financial Highlights: Gross annual income $ 141,372.00. Total annual expenses $ 40,115.00. ( Gardener: $ 2,400.00., Insurance $ 17,000.00, Property Taxes $ 14,715.00, water $ 6,000.00 ).
The seller intends to complete a 1031 exchange. Buyer cooperation is requested; however, this will not result in any additional cost to the buyer.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Interior
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Parking Features None
Pool None
Community Features Street Lights, Sidewalks, Park
Private Pool No
Building
Lot Description 6-10 Units/Acre, Near Park, Paved, Walkstreet, Yard
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5540010012
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
Listed by Surin Poommai Rise Realty 818-445-4220, DRE #01354205