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Kenmore Villas 1211 N Kenmore Ave 12 Unit Apartment Building $3,682,543 CAD ($306,879 CAD/Unit) 5.61% Cap Rate Los Angeles, CA 90029
Investment Highlights
- Easy access to transportation and major studios.
- Recent upgrades include roof, windows, plumbing, and electrical systems.
- Walkable neighborhood with excellent transit connectivity.
- Fully occupied 12-unit apartment building with consistent cash flow.
- Located in East Hollywood near major studios and entertainment venues.
- Upside potential through rent increases as current rents are below market.
Executive Summary
Incredible opportunity to acquire this fully occupied 12 unit asset. Huge upside potential. Current cap rate of 5.61% may easily increase 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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,682,543 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $306,879 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.61% | Building Size | 7,082 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 21 | No. Stories | 2 |
| No. Units | 12 | Year Built | 1927 |
| Property Type | Multifamily | Parking Ratio | 0.63/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R2 - Restricted Density Multiple Dwelling | ||
| Price | $3,682,543 CAD |
| Price Per Unit | $306,879 CAD |
| Sale Type | Investment |
| Cap Rate | 5.61% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 21 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 7,082 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1927 |
| Parking Ratio | 0.63/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R2 - Restricted Density Multiple Dwelling |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,808 CAD | - |
| 1+1 | 8 | $14,641 CAD | - |
| Studios | 3 | $3,677 CAD | - |
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (71)
Bike Score®
Very Bikeable (71)
Property Taxes
| Parcel Number | 5540-007-012 | Total Assessment | $1,104,128 CAD |
| Land Assessment | $469,319 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $634,810 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
5540-007-012
Land Assessment
$469,319 CAD
Improvements Assessment
$634,810 CAD
Total Assessment
$1,104,128 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Kenmore Villas | 1211 N Kenmore Ave
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