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Chateau Apartments & Adjacent Parking Lot 100 N Kenmore Ave 34 Unit Apartment Building $4,500,000 ($132,353/Unit) Los Angeles, CA 90004



Investment Highlights
- Part of a 5 building portfolio with a total of 210 units available separately or in conjunction with other properties
- Includes detached garages plus additional on-site parking (112 N Kenmore Ave)
- Clear value-add profile with opportunities to increase rents, modernize interiors, and capitalize on excess land
- Kenmore is 34-unit multifamily asset constructed in 1923 with enduring architectural character
- Positioned in a desirable residential enclave near Hancock Park and adjacent to Koreatown
Executive Summary
Part of a 5 building portfolio with a total of 210 units available separately or in conjunction with the other properties. For Kenmore, purchase price includes adjacent parking lot with separate APN. Jonathan Taksa and Rob Renshaw are pleased to present 100 & 112 N Kenmore Ave, 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.
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.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$434,688
|
$23.40
|
| Other Income |
$6,288
|
$0.34
|
| Vacancy Loss |
$13,041
|
$0.70
|
| Effective Gross Income |
$427,935
|
$23.04
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$231,423
|
$12.46
|
| Net Operating Income |
$196,512
|
$10.58
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $434,688 |
| Annual Per SF | $23.40 |
| Other Income | |
|---|---|
| Annual | $6,288 |
| Annual Per SF | $0.34 |
| Vacancy Loss | |
|---|---|
| Annual | $13,041 |
| Annual Per SF | $0.70 |
| Effective Gross Income | |
|---|---|
| Annual | $427,935 |
| Annual Per SF | $23.04 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $231,423 |
| Annual Per SF | $12.46 |
| Net Operating Income | |
|---|---|
| Annual | $196,512 |
| Annual Per SF | $10.58 |
Property Facts
| Price | $4,500,000 | Building Class | C |
| Price Per Unit | $132,353 | Lot Size | 0.35 AC |
| Sale Type | Investment | Building Size | 18,576 SF |
| Gross Rent Multiplier | 10.2 | Average Occupancy | 85% |
| No. Units | 34 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1923 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LAR3 | ||
| Price | $4,500,000 |
| Price Per Unit | $132,353 |
| Sale Type | Investment |
| Gross Rent Multiplier | 10.2 |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 18,576 SF |
| Average Occupancy | 85% |
| No. Stories | 2 |
| Year Built | 1923 |
| Opportunity Zone |
Yes |
| Zoning | LAR3 |
Amenities
Unit Amenities
- Cable Ready
- Heating
- Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 34 | - | 400 - 560 |
Very walkable
80/100
Very drivable
80/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,131,139 | |
| Land Assessment | $3,231,058 | Total Assessment | $4,362,197 |
Property Taxes
Parcel Numbers
Land Assessment
$3,231,058
Improvements Assessment
$1,131,139
Total Assessment
$4,362,197
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Chateau Apartments & Adjacent Parking Lot | 100 N Kenmore Ave
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