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144 S Kenmore Avenue

Los Angeles, CA 90004
  • $1,399,000
  • STATUS: ACTIVE
  • ON SITE: 50 Days
  • ID#: BB24035611
$1,399,000
  • 7
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

BACK ON MARKET! POTENTIAL TO BUILD 2 ADU'S! 144 S Kenmore Ave is a 75% vacant fourplex in the trendy neighborhood of Koreatown/Mid-Wilshire (opportunity zone)- A MAJOR VALUE ADD PLAY!!! This architecturally impressive, 1920's gem is ready to undergo a renovation and get massive rents. All four units are ENORMOUS, feature gorgeous historical design elements, and would be perfect candidates for a cosmetic fix and flip (or hold and cash flow!). Additionally, the property is situated on a 7,141 square foot LAR3 lot, making for a potential ADU play in the rear of the lot. Whichever way you look at this deal, the upside is tremendous. 144 S Kenmore is made up of one 1,352 SF 2b/1b (delivered vacant), one 1,010 SF 2b/1b (delivered vacant), one 906 SF 1b/1b (delivered vacant), and one 1,392 SF 2b/1b that is currently leased for $1,424 (open to tenant buyout) and eligible for a rent increase now that Los Angeles rent increases are back as of February 2024. The following improvements have been made in the recent years: a cool roof in 2015, new exterior painting in 2017, an earthquake retrofit in 2017, a sewer line replacement in 2018, two new water heaters in 2023, and various small electrical updates in 2023. Another great property feature is that all four units have their own laundry rooms. Additionally, there are four carport parking spots and two exterior parking spots on site. It is rare to find a property in LA where countless tenant buyouts aren't needed- this is the opportunity you've been waiting for. Send in your offers before this is gone! Situated on a peaceful tree-lined BACK ON MARKET! POTENTIAL TO BUILD 2 ADU'S! 144 S Kenmore Ave is a 75% vacant fourplex in the trendy neighborhood of Koreatown/Mid-Wilshire (opportunity zone)- A MAJOR VALUE ADD PLAY!!! This architecturally impressive, 1920's gem is ready to undergo a renovation and get massive rents. All four units are ENORMOUS, feature gorgeous historical design elements, and would be perfect candidates for a cosmetic fix and flip (or hold and cash flow!). Additionally, the property is situated on a 7,141 square foot LAR3 lot, making for a potential ADU play in the rear of the lot. Whichever way you look at this deal, the upside is tremendous. 144 S Kenmore is made up of one 1,352 SF 2b/1b (delivered vacant), one 1,010 SF 2b/1b (delivered vacant), one 906 SF 1b/1b (delivered vacant), and one 1,392 SF 2b/1b that is currently leased for $1,424 (open to tenant buyout) and eligible for a rent increase now that Los Angeles rent increases are back as of February 2024. The following improvements have been made in the recent years: a cool roof in 2015, new exterior painting in 2017, an earthquake retrofit in 2017, a sewer line replacement in 2018, two new water heaters in 2023, and various small electrical updates in 2023. Another great property feature is that all four units have their own laundry rooms. Additionally, there are four carport parking spots and two exterior parking spots on site. It is rare to find a property in LA where countless tenant buyouts aren't needed- this is the opportunity you've been waiting for. Send in your offers before this is gone! Situated on a peaceful tree-lined street 6 minutes from trendy Virgil Village, 8 minutes from Larchmont Village and 5 minutes from the heart of Koreatown, this property is located in an area that is highly appealing to renters.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/148139698
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144 S Kenmore Avenue Los Angeles, CA 90004

  • Price: $1,399,000
  • Status: ACTIVE
  • On Site: 50 Days
  • ID#: BB24035611
7
Beds
0
Baths
0
½ Baths
0.16
Acres
Neighborhood:
Los Angeles (90004)
County:
Los Angeles
Area:
Los Angeles (90004)
Property Description
BACK ON MARKET! POTENTIAL TO BUILD 2 ADU'S! 144 S Kenmore Ave is a 75% vacant fourplex in the trendy neighborhood of Koreatown/Mid-Wilshire (opportunity zone)- A MAJOR VALUE ADD PLAY!!! This architecturally impressive, 1920's gem is ready to undergo a renovation and get massive rents. All four units are ENORMOUS, feature gorgeous historical design elements, and would be perfect candidates for a cosmetic fix and flip (or hold and cash flow!). Additionally, the property is situated on a 7,141 square foot LAR3 lot, making for a potential ADU play in the rear of the lot. Whichever way you look at this deal, the upside is tremendous. 144 S Kenmore is made up of one 1,352 SF 2b/1b (delivered vacant), one 1,010 SF 2b/1b (delivered vacant), one 906 SF 1b/1b (delivered vacant), and one 1,392 SF 2b/1b that is currently leased for $1,424 (open to tenant buyout) and eligible for a rent increase now that Los Angeles rent increases are back as of February 2024. The following improvements have been made in the recent years: a cool roof in 2015, new exterior painting in 2017, an earthquake retrofit in 2017, a sewer line replacement in 2018, two new water heaters in 2023, and various small electrical updates in 2023. Another great property feature is that all four units have their own laundry rooms. Additionally, there are four carport parking spots and two exterior parking spots on site. It is rare to find a property in LA where countless tenant buyouts aren't needed- this is the opportunity you've been waiting for. Send in your offers before this is gone! Situated on a peaceful tree-lined BACK ON MARKET! POTENTIAL TO BUILD 2 ADU'S! 144 S Kenmore Ave is a 75% vacant fourplex in the trendy neighborhood of Koreatown/Mid-Wilshire (opportunity zone)- A MAJOR VALUE ADD PLAY!!! This architecturally impressive, 1920's gem is ready to undergo a renovation and get massive rents. All four units are ENORMOUS, feature gorgeous historical design elements, and would be perfect candidates for a cosmetic fix and flip (or hold and cash flow!). Additionally, the property is situated on a 7,141 square foot LAR3 lot, making for a potential ADU play in the rear of the lot. Whichever way you look at this deal, the upside is tremendous. 144 S Kenmore is made up of one 1,352 SF 2b/1b (delivered vacant), one 1,010 SF 2b/1b (delivered vacant), one 906 SF 1b/1b (delivered vacant), and one 1,392 SF 2b/1b that is currently leased for $1,424 (open to tenant buyout) and eligible for a rent increase now that Los Angeles rent increases are back as of February 2024. The following improvements have been made in the recent years: a cool roof in 2015, new exterior painting in 2017, an earthquake retrofit in 2017, a sewer line replacement in 2018, two new water heaters in 2023, and various small electrical updates in 2023. Another great property feature is that all four units have their own laundry rooms. Additionally, there are four carport parking spots and two exterior parking spots on site. It is rare to find a property in LA where countless tenant buyouts aren't needed- this is the opportunity you've been waiting for. Send in your offers before this is gone! Situated on a peaceful tree-lined street 6 minutes from trendy Virgil Village, 8 minutes from Larchmont Village and 5 minutes from the heart of Koreatown, this property is located in an area that is highly appealing to renters.
Exterior Features

Pool N/K Site Sidewalks Spa N/K

Interior Features

Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Units With Range Oven 4 Units With Refrigerators 4

Property Features

Actual Cap Rate 4.88 Annual Expense Actual 28193 Buildings 1 Cfd Mello Roos Fee 690.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 14.48 Gross Scheduled Income Actual 103488 Home Owners Fees 0.0 Monthly Total Fees 57 Tenant Pays ElectricityGas/Propane Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 0.0 Unit2 Rent Actual 1424.0 Unit3 Rent Actual 0.0 Unit4 Rent Actual 0.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Elizabeth Maddox of Myunits.com Inc.: 818-850-8485. Listing information © 2024 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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