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Listed by David Nalbandyan, DRE #01869296 • LA Premier Realty
$1,595,000
Est. payment /mo
9,602 Sqft Lot
New
548 N Kenmore Los Angeles, CA 90004
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB26204733
Year Built 1922
Lot Size 9,602 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
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 75% 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 approximat
Location
State CA
County Los Angeles
Area C20 - Hollywood
Interior
Laundry Other
Exterior
Garage Spaces 4.0
Pool None
Building
Water District - Public
Others
Tax ID 5520008018
Special Listing Condition Not Applicable
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