1185 Keniston Ave, Los Angeles, CA
Sales Price: $1,210,000
Price Per Unit: $605,000
Price Per SF: $577
Cap Rate: N/A
Listing & Selling Agents: Jessie King, David O'Keefe & Steve Bogoyevac
MID-WILSHIRE DUPLEX SELLS $35,000 ABOVE LIST PRICE
October 19, 2020
The Bogie Group of Marcus & Millichap announced today the sale of 1185 Keniston Avenue, a vacant duplex in Los Angeles’ sought-after Mid-Wilshire submarket. Strategic marketing of the asset’s appeal as a true-value add opportunity in an affluent neighborhood generated 14 offers, and the duplex ultimately sold $35,000 above list price for $1,210,000.
1185 Keniston Avenue is a 1923 construction Spanish-style duplex with two spacious two-bedroom/one-bath units that average over 1,000 square feet and are separately metered for gas and electricity. The property also offers an additional rear structure, a shared backyard and patio, and driveway parking.
Jessie King, David O'Keefe, and Steve “Bogie” Bogoyevac, investment specialists in Marcus & Millichap’s South Bay office, had the exclusive listing to market the property on behalf of the seller, a private investor, and also secured and represented the buyer.