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33808612
33808611

2 Locations

JT
CA # 01366169
Taksa Investment Group
RR
CA 01332831
Taksa Investment Group
Listed by Taksa Investment Group
$4,500,000
1 day on market
Updated 1 day ago
Opportunity zone

100 & 112 N Kenmore Ave

Details
APN 5518-019-009, 5518-019-008
Property Type Multifamily
Sub Type Apartment Building
Square Footage 18,576
Units 34
NOI $196,512
Occupancy 85%
Tenancy Multi
Pro-Forma Cap Rate 8.01%
Pro-Forma NOI $360,296
Price per SqFt $242
Year Built 1923
Buildings 1
Lot Size (SqFt) 15,367
Zoning LAR3
Parking Spaces 9 spaces
Parking Per SqFt 0.48
Investment Type Value Add
Ownership Fee Simple

Multifamily | 34 Units

Marketing description

100 & 112 N Kenmore Ave is a 34-unit apartment building constructed in 1923, plus an additional adjacent parcel, located in the highly desirable Hancock Park / Koreatown area of Los Angeles. The property reflects classic early 20th-century architecture and offers a well-scaled residential footprint within a strong neighborhood setting. The units average approximately 540 square feet and are primarily studios designed to serve the area's deep renter pool. The building is complemented by detached garages and a separate parcel currently utilized for parking (112 N Kenmore Ave), providing functional on-site parking in a submarket where it is increasingly valuable.

The property is situated in a highly attractive residential pocket known for its tree-lined streets, proximity to Hancock Park, and immediate access to the amenities of Koreatown and Larchmont Village. The neighborhood offers a balanced mix of established residential character and urban convenience. Residents benefit from excellent connectivity, with nearby Metro rail stations and major thoroughfares providing efficient access to Downtown Los Angeles, Hollywood, Mid-Wilshire, and surrounding employment centers. The area is also supported by a wide range of dining, retail, and cultural destinations, along with nearby open space including Robert L. Burns Park and larger regional parks within a short drive.

From an investment perspective, 100 & 112 N Kenmore Ave presents meaningful rental upside potential through strategic unit improvements and operational enhancements. The separate parking parcel creates additional optionality, including the ability to optimize parking revenue or explore future redevelopment opportunities consistent with zoning and market demand. With its central location, strong residential setting, and clear pathways for value creation, the property offers both stable in-place income and long-term development potential in one of Los Angeles' most supply-constrained rental markets.

Investment highlights

  • 34-unit multifamily asset constructed in 1923 with enduring architectural character
  • Average unit size of approximately 540 SQFT, catering to strong studio demand in the area
  • Includes detached garages plus additional on-site parking (112 N Kenmore Ave)
  • Separate parking parcel provides flexibility for future expansion or redevelopment (subject to approvals)
  • Positioned in a desirable residential enclave near Hancock Park and adjacent to Koreatown
  • Central location with convenient access to major job hubs and key transportation corridors
  • Close to Larchmont Village, neighborhood-serving retail, dining destinations, and local parks
  • Clear value-add profile with opportunities to increase rents, modernize interiors, and capitalize on excess land

Listing Contacts

JT
CA # 01366169
Taksa Investment Group
RR
CA 01332831
Taksa Investment Group
Listed by Taksa Investment Group

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$196,512.00
$16,376.00/mo

Valuation Metrics

0
DSCR
4.37%
Cap Rate
4.37%
ROI

Map

Zoning

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R3-1 ResidentialMulti FamilyMultiple Residential
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Jonathan Taksa
License
# 01366169
Brokerage
RE/MAX Commercial
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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