Los Angeles, CA 90004,111 N Kenmore AVE
$1,300,000
Est. payment /mo
$1,350,000
3.7%
Est.Price: ?

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8 Beds
4 Baths
5,972 SqFt
SOLD DATE : 11/15/2024

Key Details

Sold Price $1,300,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 5,972 sqft

Price per Sqft $217

MLS Listing ID 24422805

Sold Date 11/15/24

Bedrooms 8

HOA Y/N No

Year Built 1924

Lot Size 7,588 Sqft

Property Description

Exceptional Investment Opportunity in Prime L.A. Location. Discover this well maintained property, perfectly positioned near all the conveniences of Los Angeles. This stately building boasts nearly 6,000 sq. ft. of expansive living space, featuring spacious units that offer incredible potential. Rarely found, this property includes a large parking court and four garages, providing ample space for residents and guests alike. Built in the pre-Depression era, this investment is a testament to enduring quality and design, featuring oversized windows, a balcony, a tiled roof, and exquisite 1920s ornate details that exude charm and character. The curb appeal is simply unmatched, showcasing the timeless beauty of a bygone era. Properties of this caliber are a rarity in today's market. Situated in the heart of Los Angeles, this property is located in a rapidly expanding, high-demand area, offering significant growth potential. Whether you're an investor seeking a buy-and-hold opportunity or considering an owner-user investment, this property offers incredible flexibility. Brand new plumbing throughout. All units are currently month-to-month, providing new owners with the opportunity to increase rents by 3% per unit upon lease renewal. This is a straightforward sale, not subject to 1031 exchange but willing to work with buyer on exchange if necessary. Please do not disturb tenants. We appreciate your interest and look forward to helping you explore this exceptional investment opportunity. Thank you for considering this remarkable property for your investment portfolio.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR3

Interior

Heating Wall Furnace

Fireplace No

Exterior

Attached Garage No

Total Parking Spaces 4

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5518016023

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Dan Heston • eXp Realty of Greater Los Angeles
Bought with Michael Kafaei • Keller Williams Beverly Hills

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Monique H. Ott-Beacham

+1(619) 757-3109

Broker | License ID: DRE #01448692

Broker License ID: DRE #01448692

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