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1211 N Kenmore Avenue, Los Angeles, California 90029, Los Angeles, 90029 - bed, bath

1211 N Kenmore Avenue, Los Angeles, California 90029 home-pic-0
ACTIVE$2,990,000
1211 N Kenmore Avenue, Los Angeles, California 90029
0Bed
0Bath
9,000Sqft
6,502Lot
Year Built
1928
Close
-
List price
$2.99M
Original List price
$2.99M
Price/Sqft
$332
HOA
-
Days on market
-
Sold On
-
MLS number
GD25171999
Home ConditionFair
Features
Good View:
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.99M(50th), sqft - 9000(50th), beds - undefined(50th), baths - undefined(50th).

Incredible opportunity to acquire this fully occupied 12 unit asset. Huge upside potential. Current cap rate of 5.06% may easily reach 8.5% as rents are substantially lower than what the market currently allows. Property is benefitted from number recent upgrades that include a newer roof, windows, plumbing and electrical. Some of the unit upgrades include newer kitchens, bathrooms, and flooring. Located in the heart of East Hollywood this property offer a unique access to world renowned employers such as Netflix, Paramount, and many others. Within minutes tenants can enjoy access to Barnsdall Art Park, Griffith Park, Greek Theater, The Hollywood Bowl, The Pantages Theater, as well as numerous famed restaurants and entertainment establishments.

Nearby schools

3/10
Ramona Elementary School
Public,•K-6•0.2mi
5/10
Kingsley Elementary School
Public,•K-5•0.3mi
/10
Lexington Avenue Primary Center
Public,•K-2•0.6mi
4/10
Lockwood Avenue Elementary School
Public,•K-6•0.7mi
7/10
Los Feliz STEMM Magnet
Public,•K-6•0.7mi
6/10
Dayton Heights Elementary School
Public,•K-5•1.0mi
4/10
Grant Elementary School
Public,•K-6•1.0mi
4/10
Alexandria Avenue Elementary School
Public,•K-5•1.1mi
3/10
Harvard Elementary School
Public,•K-5•1.2mi
6/10
Van Ness Avenue Elementary School
Public,•K-5•1.4mi
7/10
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Public,•K-5•1.5mi
4/10
Frank Del Olmo Elementary School
Public,•K-6•1.5mi
5/10
Cahuenga Elementary School
Public,•K-5•1.7mi
6/10
Charles H. Kim Elementary School
Public,•K-5•1.7mi
6/10
Thomas Starr King Middle School
Public,•6-8•1.0mi
3/10
Joseph Le Conte Middle School
Public,•6-8•1.2mi
5/10
Virgil Middle School
Public,•6-8•1.4mi
4/10
Young Oak Kim Academy
Public,•6-8•2.2mi
7/10
John Burroughs Middle School
Public,•6-8•3.1mi
4/10
Helen Bernstein High School
Public,•9-12•0.9mi
8/10
John Marshall Senior High School
Public,•9-12•1.5mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•2.4mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•2.4mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•2.4mi
6/10
Hollywood Senior High School
Public,•9-12•2.4mi
3/10
Belmont Senior High School
Public,•9-12•3.0mi
7/10
Fairfax Senior High School
Public,•9-12•3.7mi

Price History

Date
Event
Price
08/01/25
$2,990,000
07/13/01
Sold
$10,000
Condition Rating
Fair
The property was built in 1928, but the description mentions recent upgrades to the roof, windows, plumbing, electrical, kitchens, bathrooms, and flooring. The images show a building that has been maintained, but the overall style is dated. The interior hallway shows wear and tear. While some units have been upgraded, the property as a whole is likely in fair condition, requiring ongoing maintenance and potential future updates.
Pros & Cons

Pros

High Income Potential: Significant upside potential with the current cap rate of 5.06% easily reaching 8.5% by increasing rents to market value.
Prime Location: Located in the heart of East Hollywood, offering convenient access to major employers like Netflix and Paramount.
Desirable Amenities: Close proximity to Barnsdall Art Park, Griffith Park, Greek Theater, Hollywood Bowl, Pantages Theater, and numerous restaurants and entertainment venues.
Recent Upgrades: Benefitted from recent upgrades including a newer roof, windows, plumbing, and electrical systems.
Unit Improvements: Some units feature newer kitchens, bathrooms, and flooring, enhancing tenant appeal.

Cons

Rent Stabilization: East Hollywood may be subject to rent control ordinances, potentially limiting future rent increases despite market potential.
Property Age: Built in 1928, the property may require ongoing maintenance and repairs associated with older buildings.
Competition: The East Hollywood rental market is competitive, requiring strategic marketing to attract and retain tenants.

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