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1223 N Kenmore Ave, Los Angeles, CA, 90029

13beds
12baths
5,373sqft
$2,995,000
$557price/sqft
$18,501/moest. monthly cost
$740,040/yrincome needed

About This Home

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.

Getting Around

91
WalkingWalker's Paradise
71
TransitExcellent Transit
71
BikeVery Bikeable

Schools

7/10
Ramona Elementary SchoolGrades K-50.2 mi
3/10
3/10

Construction

Condition

  • Property condition: New Construction
  • New construction: Yes
  • Year built: 2017

Materials

  • Roof: Flat
  • Construction materials: Stucco,Wood Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Modern
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Microwave,Oven,Dishwasher,Dryer,Washer,Refrigerator,Freezer,Disposal,Range/Oven,Tankless Water Heater
  • Laundry features: In Unit

Bathroom

  • Features: Tile,Shower Over Tub

Bedroom

  • Features: Walk-In Closet(s)

Bedrooms & Bathrooms

  • Bedrooms: 13
  • Bathrooms: 12

Features

  • Flooring: Wood Laminate
  • Fireplace features: None

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 5,373
  • Total interior livable area: 5,373 sqft

Property

Details

  • Zoning: LARD1.5
  • Special condition: Standard

Features

  • Levels: Three Or More
  • Stories: 3
  • Pool features: None
  • Exterior features: Balcony
  • Spa features: None
  • Fencing: Gate,Fenced Yard

Lot

  • Lot size: 6,499 sqft
  • Lot size dimensions: 50 x 130

Parking

  • Total spaces: 8
  • Parking features: Assigned,Garage Door Opener,Concrete,Garage - 1 Car,Driveway Gate
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4
  • Has uncovered spaces: Yes
  • Uncovered spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Wildfire

FEMA Declared Disasters in Los Angeles County and California

Earthquake
Fire
Flood
Mud Landslide
Severe Ice Storm
Severe Storm
Snowstorm
Straight Line Winds
Tornado
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $15,144$181,728
Home Insurance *$533$6,396
Property Taxes $1,672$20,064
Electricity $1,152$13,826
Total$18,501$222,012
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$634,320/yr
40% on housing$555,030/yr
45% on housing$493,360/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.3%
10.3%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$557This listing

vs Other Active Listings

Avg $/sqft

ZIP 90029$476
Los Angeles County$602

vs Homes Sold Last Month

Median $/sqft

ZIP 90029$751
Los Angeles County$610

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-09Listed for sale$2,995,000
2021-03-01Listing removed--
2020-05-10Listing removed$3,800
2020-03-27Listed for rent$3,800
2016-01-13Sold$700,000

New Construction

AgentDavid Leibowitz
BrokerageInvestment Real Estate Associates

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