NOT LISTED FOR SALE

1240 N Kenmore Ave Los Angeles, CA 90029

East Hollywood Neighborhood

Estimated Value: $2,359,796 - $2,623,000

10 Beds
10 Baths
5,172 Sq Ft
$482/Sq Ft Est. Value

Last Sold September 15, 2020

Last sale price $1,795,000 $347 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $15,463/month

9 Days on Market

About This Home

As of September 2020

We are pleased to present a ten (10) unit apartment building located at 1240 NorthKenmore Avenue in Los Angeles, California. The subject property is situated in a prime East Hollywood location, north of Santa Monica Boulevard and east of North Normandie Avenue. Built in 1926, this property features ten (10) one-bedroom / one-bathroom units in three (3) separate buildings on one (1) lot. The two (2) front buildings hold three (3) units on either side of a central courtyard leading to the back building, which holds four (4) separate units in quadruplex style. Four(4) of the units will be delivered vacant. At the center, a beautiful, charming, vibrant courtyard delights visitors by transporting them back to Old Hollywood with classic 1920s-style Spanish bungalows. Positioned in prime East Hollywood, this offering presents an excellent opportunity to an investor to capitalize on a 40% vacant building with incredible rental upside potential adjacent to Los Feliz.

Last Agent to Sell the Property

Jason Tuvia

Marcus & Millichap License #01772495 Listed on: 08/18/2020

Last Buyer's Agent

Jason Tuvia

Marcus & Millichap License #01772495 Listed on: 08/18/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,911

Year Built

  • Built in 1926

Lot Details

  • 7,500 Sq Ft Lot

Home Design

  • Bungalow

Interior Spaces

  • 5,172 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 5540-010-013

Community Details

Overview

  • 3 Buildings
  • 10 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,911

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Street Number Display: Yes
  • Living Area: 5172
  • Lot Acreage: 0.1722
  • Stories: 2
  • Year Built: 1926
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 10.00
  • Price Per S Q F T: 396.37

Exterior Features

  • Other Structures: None

Lot Info

  • Assessed Improvement Percent: 15.91
  • Assessed Improvement Value: 47271
  • Assessed Land Percent: 84.09
  • Assessed Land Value: 249893
  • Total Assessed Value: 297164
  • Assessor Parcel Number: 5540-010-013
  • Lot Size Area: 7500

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 14.24
  • Number Of Units: 10
  • Rent Control: 100
  • Total Annual Expense: 42446
  • Type Of Units: Market
  • Vacancy Allow Percent: 40.00
  • Vacancy Rate: 40%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2020
Closed on
Sep 9, 2020
Sold by
Hunter Lisa and Kenmore Trust
Bought by
Wheldon Nicole Margaret
Seller's Agent
Jason Tuvia
Marcus & Millichap
Buyer's Agent
Jason Tuvia
Marcus & Millichap
List Price
$2,050,000
Sold Price
$1,795,000
Premium/Discount to List
-$255,000
-12.44%
Current Estimated Value
$2,491,398

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$696,398
Avg. Annual Appreciation
6.30%

Purchase Details

Listed on
Aug 18, 2020
Closed on
Sep 4, 2020
Sold by
Wheldon Nicole Margaret
Bought by
Manhattan Management Group Llc
Seller's Agent
Jason Tuvia
Marcus & Millichap
Buyer's Agent
Jason Tuvia
Marcus & Millichap
List Price
$2,050,000
Sold Price
$1,795,000
Premium/Discount to List
-$255,000
-12.44%

Purchase Details

Closed on
Nov 19, 1998
Sold by
Harte Brian L
Bought by
Hunter Lisa and Kenmore Trust

Purchase Details

Closed on
Aug 11, 1994
Sold by
Syren Wesley K
Bought by
Harte Brian Lowell
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wheldon Nicole Margaret -- Ticor Title
Manhattan Management Group Llc $1,795,000 Ticor Title Company
Hunter Lisa $179,000 Gateway Title Company
Harte Brian Lowell $175,000 First Southwestern Title Co
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2020 09/15/20 Sold $1,795,000 -12.4% $347 / Sq Ft
08/27/2020 08/27/20 Pending -- -- --
08/18/2020 08/18/20 For Sale $2,050,000 -- $396 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $23,911 $1,942,963 $1,190,674 $752,289
2024 $23,911 $1,904,867 $1,167,328 $737,539
2023 $23,457 $1,867,518 $1,144,440 $723,078
2022 $22,388 $1,830,900 $1,122,000 $708,900
2021 $22,105 $1,795,000 $1,100,000 $695,000
2020 $4,788 $315,349 $265,186 $50,163
2019 $4,634 $309,167 $259,987 $49,180
2018 $4,544 $303,106 $254,890 $48,216
2016 $4,265 $291,339 $244,994 $46,345
2015 $4,214 $286,963 $241,314 $45,649
2014 $4,295 $281,342 $236,587 $44,755
Source: Public Records

Agents Affiliated with this Home

  • Jason Tuvia

    Seller's Agent in 2020

    Jason Tuvia

    Marcus & Millichap

    (818) 212-2700

    5 in this area

    111 Total Sales

    Jason Tuvia
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Map

Source: The MLS

MLS Number: 20-620494

The MLS

APN: 5540-010-013

California Los Angeles County Los Angeles 90029 East Hollywood

1240 N Kenmore Ave, Los Angeles, CA

This home is located at 1240 N Kenmore Ave, Los Angeles, CA 90029 since 18 August 2020 and is currently estimated at $2,491,398, approximately $481 per square foot. This property was built in 1926. 1240 N Kenmore Ave is a home located in Los Angeles County with nearby schools including Ramona Elementary School, Joseph Le Conte Middle School, and STEM Academy at Bernstein High.

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