537 North Kenmore Avenue

Los Angeles, CA 90004

$1,507,500
Last Sold Price
8
Beds
5
Baths
5,844 Sq. Ft.
$258 / Sq. Ft.
5,844
Sq. Ft.
$258
per Sq. Ft.

Description

Excellent income investment property comprising of four well designed units with one unit recently VACATED. This property is a prime residential income building that seamlessly combines comfort, convenience, and potential for lucrative returns. Capitalize from a solid rental history, showcasing the property's consistent appeal to tenants. Each unit has its own mailing address, individually metered for gas & electricity, have in-unit laundry hook-ups, a detached 865 SF garage, and assigned surface...Excellent income investment property comprising of four well designed units with one unit recently VACATED. This property is a prime residential income building that seamlessly combines comfort, convenience, and potential for lucrative returns. Capitalize from a solid rental history, showcasing the property's consistent appeal to tenants. Each unit has its own mailing address, individually metered for gas & electricity, have in-unit laundry hook-ups, a detached 865 SF garage, and assigned surface parking. Approximate Unit Measurements: #537 - 2B/1Bth 1,359 SF | #539 - 2B/1Bth 1,511 SF (VACANT) | #541 - 2B/1Bth 1,506 SF| #543 – 2B/1.5Bth 1,347 SF (recently updated unit). Great upside in rental income, potential of additional income renting each 865 SF garage as storage, and large lot offers a potential of additional rental income from an ADU. This multi-unit property is a smart choice for savvy investors seeking a steady stream of rental income in a desirable location. Located just 4 minutes from Los Angeles City College, Vermont/Beverly transit station and close access to freeways. Designated parking spaces make this property even more appealing to potential tenants, enhancing its marketability. We invite you to join us for an exclusive tour to explore the full potential of this income-generating property.
  1. Listed by Arthur Ambarchyan • DRE #01351863 • Brokerage DRE #01434190 • Keller Williams R. E. Services

Property Details for 537 North Kenmore Avenue

Parking Spaces Total
4
Private Pool
No
Total Units
4.0
Lot Size Source
Assessor
Property Attached YN
true
Common Walls
2+ Common Walls
New Construction
No
Average Studio Area Units
Square Feet
LISTING UPDATED: 11/27/2024 03:42 AM

Property Details for 537 North Kenmore Avenue

StatusClosed
MLS #GD24184975
Days on Market5
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
Lot Size0.24 AC / 10,327 SF
CountyLos Angeles County

Building Information for 537 North Kenmore Avenue

Stories2Residences-Year Built1921Building Size-Lot Size0.24 AC / 10,327 SF

Property Information for 537 North Kenmore Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $91,800
  • Gross Scheduled Income: $91,800
  • Net Operating Income: $57,367
Expense Details
  • Operating Expense: $34,433
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $3,234
  • Maintenance Expense: $6,000
  • Trash Expense: $1,100
  • Water Sewer Expense: $4,900
  • Total Expenses: $17,454
Tax / Assessment Info
  • Tax Tract Number: 192...
  • Tax Census Tract: 1926.10
  • CFD/Mello-Roos Fee: $893
  • Tax Lot: 145
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Appliances: None
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Inside, Washer Hookup
  • Fireplace Features: Decorative
  • Flooring: Wood
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Land Lease: No
  • Levels: Two
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Features: Assigned, Garage, On Site, Parking Space, Private
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,250
  • Unit Type Total Rent: $1,250
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,300
  • Unit Type Total Rent: $1,300
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $2,500
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 0

Property History for 537 North Kenmore Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 537 North Kenmore Avenue

Taxable ValueLand$204,631Additions$116,463Total$321,094
Tax Record2024$4,741 ($395 / month)
Home Facts
Total Finished SqFt5,844 SqFtAbove Grade Finished SqFt5,844 SqFtLot Size10,324 SqFtStyleQuadraplexYear Built1921ZoningLAR3CountyLOS ANGELESAPN5520-009-007

Schools near 537 North Kenmore Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Alexandria Avenue Elementary School
PublicK to 5

Virgil Middle School
Public6 to 8

Academic Leadership Community School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams R. E. Services, Arthur Ambarchyan, DRE #01351863

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.