Recently Listed New Construction 1223 N Kenmore Avenue
Los Angeles, CA, 90029 $ 2,995,000
Bedrooms13 Baths2.0 Sq 5,373 Monthly Estimate*
$ 18,441
Listed by Investment Real Estate Associates
for $2,995,000 with 13 bedrooms and 2 full baths. This 5,373 square foot home was built in 2017 on a lot size of 0.1492.
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. *Building and unit square footage are approximate and may be based on architectural plans or preliminary information. Actual as-built dimensions and rentable area may vary. Seller and Broker make no representation or warranty as to accuracy. Buyer to independently verify all information.
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FeaturesGeneralLiving Area 5373
Heating Central
Cooling Central Air
Possession Close Of Escrow
Appliances Dishwasher Disposal Microwave Oven Refrigerator Dryer Washer
Zoning LARD1.5
Garage Spaces 4
Architectural Style Modern
Pool Features None
Security Features Security Gate Gated Community Key Card Entry
Construction Materials Stucco Wood Siding
Year Built 2017
Tenant Pays Cable TV Electricity Gas Trash Collection
Levels Three Or More
Gross Income 214620
Community Features Gated
County Los Angeles
Net Operating Income 160532
New Construction true
Property Type Residential Income
HOA false
Facing Direction East
Garage Y/N true
Full Baths 0
Special Listing Conditions Standard
Status Active
Directions Santa Monica Blvd E left on Kenmore
City Los Angeles
Senior Community Y/N false
Open Parking Spaces 4
Number Of Units Total 4
MLS Area C20 - Hollywood
Lot Size Units Square Feet
Lot Size Square Feet 6499
Listing Terms Contract
Spa Features None
Additional Parcels Y/N false
Rent Control Y/N false
Standard Status Active
Occupancy Type Tenant
Year Built Source Builder
Cap Rate 5.36
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InteriorInterior Amenities Walk-In Closet(s)
Fireplace Features None
Total Stories 3
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 13
Total Baths 12
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ExteriorParking Features Assigned Concrete Door-Single Garage Garage Door Opener
Total Parking 8
Lot Size Area 6499
Number of Buildings 2
Spa false
Building Area Total 5373
Lot Dimensions 50x130
Lot Size Acres 0.1492
Private Pool false
Lot Size Source Other
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* Excluded FeaturesList ByInvestment Real Estate AssociatesBroker
Affordability Calculator
- Monthly Principal & Interest
- $18,441
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,838,367
Percent of Sale Price 39%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/9/2026 | $2,995,000 | | Listed Price |