548 N Kenmore, Los Angeles, CA 90004
548 N Kenmore, Los Angeles, CA 90004
548 N Kenmore, Los Angeles, CA 90004
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Tera Rench

Tera Rench

+1(262) 370-7299
$1,595,000
Est. payment /mo
9,600 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB26204733

HOA Y/N No

Year Built 1922

Lot Size 9,600 Sqft

Property Sub-Type Quadruplex

Property Description

Rare opportunity to acquire a large fourplex with substantial rental upside in a highly central Los Angeles location with potential Development Opportunity. The property consists of four spacious 2-bedroom, 1-bathroom units totaling approximately 5,276 square feet on a 9,602-square-foot lot. Two units have recently been extensively renovated and leased at market rents, while the remaining two units are approximately 90% below their potential market rents, creating significant future income upside. The property is currenlty operating at 5.1% CAP with proforma CAP rate of 7.4%.

The renovated residences feature updated kitchens and bathrooms, new flooring, stainless steel appliances, in-unit laundry and bright, oversized living spaces while preserving the property's classic architectural details. Each unit averages approximately 1,300 square feet, providing unusually spacious floor plans for the area. The property further benefits from 8 garage parking spaces, separate gas and electric meters, and a large lot.

An excellent opportunity for an investor seeking a combination of strong in-place income, proven market rents and substantial remaining value-add potential in one of Los Angeles' most centrally located rental markets.

Development Opportunity: Situated on an approximately 9,602 SF LAR3-zoned lot, the property offers significant future redevelopment potential. Based on the underlying R3 density of one dwelling unit per 800 SF of lot area, the site may accommodate approximately 12 units before applicable density bonuses and housing incentives. The property may also benefit from additional density, FAR, height and parking incentives available through City and State affordable-housing programs.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Interior

Fireplace No

Laundry Inside

Exterior

Pool None

Community Features Curbs

Total Parking Spaces 8

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5520008018

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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Listed by David Nalbandyan LA Premier Realty info@lapremierrealty.com, DRE #01869296

NEARBY SCHOOL & BUSINESS

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