1216 N KENMORE Avenue, Los Angeles, CA 90029
Property · 2 recorded sales since 2016
Sold August 2022
Listing Agent: Kamfar Kyle Mirrafati (DRE #01911204) · Listing Office: Matthews Real Estate Investment Services · Contact: 866-889-0550 · Bought with: Kamfar Kyle Mirrafati · Matthews Real Estate Investment Services · MLS #22161125 · Source: CRMLS
About this property
Matthews Real Estate Investment Services, as the exclusive listing agent, is pleased to offer the opportunity to acquire 1216 N Kenmore Ave, an eight-unit, "turn-key" apartment community situated in an Opportunity Zone in the Little Armenia neighborhood of East Hollywood. The property has been completely remodeled and modernized to bring back all the charm and characteristics of this authentic Hollywood property. Approach this gated and secured property that leads to a beautiful landscaped and sculptured entryway, and into a bright renovated main entry hall with reclaimed wood and art accents. The units feature spacious open floor plans with restored hardwood floors, stainless steel appliances, granite countertops, and upgraded bathrooms. Additionally, each unit has in-unit washer/dryer, split AC & heating system, tankless water, and select units with private balconies. Best of all, there is a roof-top deck for all tenants to enjoy with views of the Hollywood sign, Griffith Observatory, and Downtown LA. This represents a unique opportunity to acquire a pride of ownership property in a great neighborhood of East Hollywood. With this rare buying opportunity, a new owner will have the opportunity to capture over 10% in rental upside, enjoy strong cash flow year one, and take advantage of the Opportunity Zone that can offer powerful tax incentives to investors.
Listing description from the August 2022 sale, as reported to CRMLS.
Sale history
