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1164 N KENMORE Avenue, Los Angeles, CA 90029

Commercial property · 2 recorded sales since 2018

1164 N KENMORE Avenue, Los Angeles, CA 90029 Sold November 2022 CRMLS
$8,400,000Sold November 2022

Listing Agent: Edmund Ha (DRE #01396902) · Listing Office: Coldwell Banker Realty · Contact: 310-457-6550 · Bought with: Shawn Hill · Berkshire Hathaway Home Serv. · MLS #22139711 · Source: CRMLS

10,032
Building Sq Ft
5
Units
4.00%
Cap Rate
$346,205
NOI
8,250 sqft
Lot Size
2021
Year Built
LARD1.5
Zoning
Commercial property
Type

About this commercial property

We are proud to announce the exclusive listing of Common Kenmore, a 5 unit, 29 bedroom co-living, multi-family property situated in East Hollywood, Los Angeles. This modern, luxury building offers all the functionality and flexibility that residents are looking for in a co-living environment. East Hollywood is the ideal location for anyone looking to discover L.A. and everything it has to offer, but also avoiding the congestion and traffic that comes with downtown L.A. The Property is within walking distance to the Metro B Line at Vermont/Santa Monica, which makes stops in North Hollywood, Hollywood Hills and Downtown. The Property was designed to be ultra-modern, with high-end finishes and comfort and convenience in mind. Each suite is all-inclusive, loaded with in-unit laundry facilities, kitchen utensils, paper products and fully furnished common areas, with private bedrooms off the main living space. Other on-site amenities include a bike storage room, a community room, outdoor deck area, and outdoor BBQ area. Utilities, Wi-Fi, supplies and cleaning, are also included for added resident convenience. The Property also offers 9 on-site parking spaces. Surrounding the Property, East Hollywood offers multiple quaint restaurants and shops, as well as grocery stores and gas stations. Residents have the choice to select 3-month, 6-month or 12-month lease options, providing even greater flexibility to offer to residents. This unique, multi-family asset presents the opportunity to acquire a strong performing asset in the energetic neighborhood of East Hollywood. The Property's features and amenities provide the potential to continue to attract demand that will continue to grow for years, giving new ownership the ideal circumstance to experience positive returns.

Listing description from the November 2022 sale, as reported to CRMLS.

Sale history

$8,400,000
Sold November 2022 · listed $8,650,000, on market March 2022 · MLS #22139711 · Source: CRMLS
Listing Agent: Edmund Ha · Listing Office: Coldwell Banker Realty · Contact: 310-457-6550 · Bought with: Shawn Hill · Berkshire Hathaway Home Serv.
$1,095,000
Sold October 2018 · listed $1,199,000, orig. $1,299,000, on market August 2018 · MLS #18372252 · Source: CRMLS
Listing Agent: Edmond Bina · Listing Office: Keller Williams Hollywood Hill · Contact: 310-623-1300 · Bought with: Jeffrey Curtis · Keller Williams Downtown LA
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