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1221-1223 1/2 N Kenmore Ave 4 Unit Apartment Building $4,070,205 CAD ($1,017,551 CAD/Unit) 5.36% Cap Rate Los Angeles, CA 90029
Investment Highlights
- Built in 2017 - Not Subject to Rent Control
- 3-Story Townhome Style with Modern Features and Finishes
- Walk Score of 91
- High Demand Unit Mix - 3-Bed/2.5-Bath, 3-Bed/3-Bath, 4-Bed/3-Bath
- Prime East Hollywood Location - Within Walking Distance of the Vermont/Santa Monica Metro Station
Executive Summary
1223 N Kenmore Ave is a newer construction fourplex located in the highly desirable East Hollywood submarket of Los Angeles. Built in 2017, the property consists of approximately 5,373 square feet and offers a highly functional mix of large townhome-
style residences designed to meet modern tenant preferences. Importantly, the property is not subject to local rent control, providing investors with valuable operational flexibility and long-term income growth potential.
The unit composition includes two 3-bedroom / 2.5-bath units, one 3-bedroom / 3-bath unit, and one 4-bedroom / 3-bath unit, delivering an attractive blend of layouts that appeal to a broad tenant base. Each unit features a multi-level design with no units above or below, enhancing privacy and contributing to strong rental demand.
Interior finishes reflect contemporary construction standards, including abundant natural light, spacious bedrooms, hardwood flooring throughout, central air-conditioning, stainless-steel appliance packages, and in-unit washer and dryers. The property’s newer vintage reduces near-term capital expenditure exposure and supports long-term operational efficiency.
The asset benefits from a practical and convenient parking configuration, including direct-entry garages and supplemental driveway parking, providing ease of use for residents while remaining consistent with surrounding market expectations.
Situated on a quiet residential street, the property is walking distance to the Vermont / Santa Monica Metro station and
offers convenient access to major lifestyle, employment, and entertainment corridors, including Silver Lake, Echo Park, Larchmont Village, Koreatown, and Hollywood. This central location underpins the property’s strong tenant appeal and durable investment fundamentals.
The combination of newer construction, larger unit layouts, and non-rent-controlled status positions 1223 N Kenmore Ave as
a compelling investment opportunity offering stable income characteristics and long-term appreciation potential.
style residences designed to meet modern tenant preferences. Importantly, the property is not subject to local rent control, providing investors with valuable operational flexibility and long-term income growth potential.
The unit composition includes two 3-bedroom / 2.5-bath units, one 3-bedroom / 3-bath unit, and one 4-bedroom / 3-bath unit, delivering an attractive blend of layouts that appeal to a broad tenant base. Each unit features a multi-level design with no units above or below, enhancing privacy and contributing to strong rental demand.
Interior finishes reflect contemporary construction standards, including abundant natural light, spacious bedrooms, hardwood flooring throughout, central air-conditioning, stainless-steel appliance packages, and in-unit washer and dryers. The property’s newer vintage reduces near-term capital expenditure exposure and supports long-term operational efficiency.
The asset benefits from a practical and convenient parking configuration, including direct-entry garages and supplemental driveway parking, providing ease of use for residents while remaining consistent with surrounding market expectations.
Situated on a quiet residential street, the property is walking distance to the Vermont / Santa Monica Metro station and
offers convenient access to major lifestyle, employment, and entertainment corridors, including Silver Lake, Echo Park, Larchmont Village, Koreatown, and Hollywood. This central location underpins the property’s strong tenant appeal and durable investment fundamentals.
The combination of newer construction, larger unit layouts, and non-rent-controlled status positions 1223 N Kenmore Ave as
a compelling investment opportunity offering stable income characteristics and long-term appreciation potential.
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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $4,070,205 CAD | Apartment Style | Townhome |
| Price Per Unit | $1,017,551 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.36% | Building Size | 5,373 SF |
| Gross Rent Multiplier | 13.95 | No. Stories | 3 |
| No. Units | 4 | Year Built | 2017 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | LARD1.5 | ||
| Price | $4,070,205 CAD |
| Price Per Unit | $1,017,551 CAD |
| Sale Type | Investment |
| Cap Rate | 5.36% |
| Gross Rent Multiplier | 13.95 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,373 SF |
| No. Stories | 3 |
| Year Built | 2017 |
| Opportunity Zone |
Yes |
| Zoning | LARD1.5 |
Amenities
Site Amenities
- Fenced Lot
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 2 | $6,435 CAD | - |
| 3+3 | 1 | $5,572 CAD | - |
| 4+3 | 1 | $7,067 CAD | - |
1 1
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (71)
Bike Score®
Very Bikeable (71)
Property Taxes
| Parcel Number | 5540-007-014 | Improvements Assessment | $1,625,187 CAD |
| Land Assessment | $2,399,089 CAD | Total Assessment | $4,024,276 CAD |
Property Taxes
Parcel Number
5540-007-014
Land Assessment
$2,399,089 CAD
Improvements Assessment
$1,625,187 CAD
Total Assessment
$4,024,276 CAD
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1221-1223 1/2 N Kenmore Ave
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