144 S Kenmore Ave, Ktown
Value Add K-Town Fourplex
A MAJOR VALUE ADD PLAY!!! 75% vacant fourplex in the trendy Koreatown/Mid-Wilshire. 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!). 7,141 sqft 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! Rare to find a property in LA where tenant buyouts aren't needed!
The Important
Details
List Price:
Property Type:
Status:
# Units:
Year Built:
Cap Rate:
GRM:
Gross Rent:
Bldg. SF:
Lot SF:
$/SF:
$/Unit:
Unit Mix:
Opportunity Zone:
Parking:
Other Features:
$1,360,000
Fourplex
Sold
4
1923
5.32% (Current), 6.14% (Pro Forma)
13.52 (Current), 11.90 (Pro Forma)
$103,488/Year (Current)
4,660 sqft
7,141 sqft
300.21
$349.750
3 x 2b/1b, 1 x 1b/1b
Yes
3 Carport Spots, 2 Exterior Spots
ADU Potential, Major Value Add Opportunity
The Highlights
Delivered 75% Vacant! Multiple tenant buyuts not needed!
Opportunity Zone! Major tax benefit!
ENORMOUS units featuring gorgeous historical design elements. Perfect candidates for a cosmetic fix & flip (or hold & cash flow!)
MAJOR VALUE ADD PLAY! 7,141 square foot LAR3 lot, making for ADU POTENTIAL in the rear of the lot.
All four units have their own laundry rooms! VERY RARE FIND!
Located in the trendy neighborhood of Koreatown/Mid-Wilshire, an area with tremendous amount of development an area that is highly appealing to renters.
Builing delivered with tons of recent mprovements such as; 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, & various small electrical updates in 2023.
Three carport parking spots & two exterior parking spots on site.
Unheard of price per door of $300.74!
It is rare to find a property in LA where countless tenant buyuts aren't needed- this is the opportunity you've been waiting for. Send in your offers before this is gone!
The Neighborhood
<15-Minute Walk
Vons, Starbucks, Maze Rooms Escape, Lock & Key, Pho Legend, Shatto 39 Lanes, Shatto Recreation Center, Ralphs, California Donuts, JONS, Biriyani Kabob House, Monte Carlo Bar, Ricas Crepas
<15-Minute Drive
Erewhon, Alfred Coffee, Echo Park Lake, Hancock Park, Speakeasy Fitness, Paramount Pictures Studio Tour, Target, 60out Escape Rooms, The Grove, Egg Tuck, Hollywood Walk of Fame, Los Feliz
<$15 Uber Ride
Erewhon, Alfred Coffee, Echo Park Lake, Hancock Park, Speakeasy Fitness, Paramount Pictures Studio Tour, Target, 60out Escape Rooms, The Grove, Egg Tuck, Hollywood Walk of Fame, Los Feliz
Contact
Lauren Cearley
213.302.8662
Property Presented By:
