Now priced to reflect a short sale opportunity. Sale subject to lender approval. Excellent value-add opportunity in a prime Los Angeles location. 144 S Kenmore Ave is a four-unit residential income property offering approximately 4,660 SF of building area on an approximately 7,140 SF LAR3 lot, with substantial…Now priced to reflect a short sale opportunity. Sale subject to lender approval. Excellent value-add opportunity in a prime Los Angeles location. 144 S Kenmore Ave is a four-unit residential income property offering approximately 4,660 SF of building area on an approximately 7,140 SF LAR3 lot, with substantial renovation already completed. Two units have been fully renovated, and two additional units remain unfinished. The two completed units underwent extensive renovations, including new plumbing and electrical, kitchens, bathrooms, flooring, windows, recessed lighting, cabinetry and fixtures. Seller states the completed renovation work was performed with permits. The two unfinished units are currently configured for completion as 3-bedroom/3-bath units. The planned final configuration is approximately one 2-bedroom/2-bath unit and three 3-bedroom/3-bath units, subject to buyer verification of final legal bedroom/bathroom counts, plans and permits. The property is being offered without existing tenant leases, giving the next owner an opportunity to evaluate the existing improvements and complete the remaining work, subject to applicable permitting and occupancy requirements. The rear parking/garage area and overall site configuration may also offer potential for ADUs or other future development opportunities, subject to buyer investigation, zoning, permitting and City approval. Conveniently located near Koreatown, Larchmont Village, Virgil Village, shopping, dining, transit and major employment centers. An opportunity to acquire a fourplex with substantial improvements already completed and additional upside through completion and lawful lease-up. The property is subject to the Los Angeles Rent Stabilization Ordinance and is offered as-is in its current, partially renovated condition. Buyers should independently verify permits, lawful occupancy, applicable rental restrictions, development potential and costs to complete the remaining work.
Facts & Features
Interior
Bedrooms & bathrooms
Bedrooms: 11
Bathrooms: 8
Full bathrooms: 4
1/2 bathrooms: 4
Cooling
Cooling: Central Air
Appliances
Laundry: Laundry Closet
Features
Has fireplace: No
Interior area
Total interior livable area: 4,660 sqft
Property
Parking
Total spaces: 5
Garage spaces: 0
Features
Stories: 2
Has private pool: No
Has view: Yes
View features: City Lights
Lot
Size: 0.16 Acres
Features: Back Yard, Front Yard, Near Public Transit
Details
Parcel number: 5518020019
Zoning: LAR3
Construction
Type & style
Home type: Residential
Property subtype: Quadruplex
Condition
Year built: 1923
Location
Mike Zwarg
Broker / Owner
951-528-0626 mike@mzhomes.us
Listing Office: McConnin & Company Realty · Listing Agent: John McConnin · 858-367-0230 · CRMLS
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