1246 N Kenmore Ave, Los Angeles, CA 90029
1246 N Kenmore Ave, Los Angeles, CA 90029
1246 N Kenmore Ave, Los Angeles, CA 90029
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,600,000
Est. payment /mo
8,990 Sqft Lot
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UPDATED:

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.

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

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Listed by Surin Poommai Rise Realty 818-445-4220, DRE #01354205

NEARBY SCHOOL & BUSINESS

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