$ 1,700,000
-
$1,700,000
Price -
1
Bed -
1
Bath -
7,680
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing CLW-X81461 - CLW-C135509,CLW-X90606
101 N. Kenmore Ave. is an 8-unit value-add opportunity in Melrose Hill, positioned between several of Mid-City's most active residential and retail corridors. Located approx. 0.6 miles from the 6th St. corridor surrounding Chapman Market, approx. 1.5 miles from Wilshire/Western and the core of Koreatown, and approx. 11.8 miles from Larchmont Village, the property sits within one of the most consistently active rental pockets in Central Los Angeles, where a dense mix of dining, neighborhood retail, and employment drivers continues to support steady tenant demand. Offered at $1,700,000, the property is priced at $212,500 per unit and $221 per square foot, operating at a 6.44% CAP and 9.82 GRM on current rents. The pricing is in line with several recent multifamily sales across Melrose Hill and the surrounding neighborhoods. At projected market rents, the property offers approx. 25% rental upside, with stabilization expected at an 8.95% CAP and 7.84 GRM. The property was originally constructed in 1925 and presents with a distinct Spanish-style exterior that immediately sets it apart from more typical product in the area. The street presence is defined by a warm stucco facade, decorative parapet lines, and a centered entry sequence that leads through a gated front courtyard. Additional upside exists through a detached garage at the rear of the property, which presents a potential ADU opportunity, subject to buyer verification. The property also includes on-site parking and a community laundry room, supporting day-to-day operations while maintaining a relatively simple management profile. With in-place metrics supported by recent comparable sales, approx. 25% rental upside, and a location positioned between Larchmont Village, Koreatown, and the 6th Street corridor, 101 N. Kenmore Ave. presents a well-located Melrose Hill asset with a clear and executable path to improved performance.
Listing Highlights
Status
Active
Days on Site
14
Property Type
Multi-Family
MLS ®
26667235
Year Built
1925
Total Square Footage
7,680
Lot/Acreage
0.18
County
Los Angeles
Area
C17 - Mid-Wilshire
Interior Details
- Bedrooms: 1
- Bathrooms: 1 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: 2 car
- Parking Spaces: 5
- Zoning: LAR3
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Door-Multi,Garage,Side By Side
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5518016024
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
101 N Kenmore Ave Los Angeles, CA 90004
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
