75
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Listed by John McConnin • Unknown Office
$1,400,000
Est. payment /mo
11 Beds
8 Baths
4,660 SqFt
Active Under Contract
144 South Kenmore Avenue Los Angeles, CA 90004
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,660 sqft
Price per Sqft $300
MLS Listing ID 8N-2608150
Bedrooms 11
Full Baths 4
Half Baths 4
Year Built 1923
Lot Size 6,969 Sqft
Property Sub-Type Quadruplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
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.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR3
Interior
Cooling Central Air
Fireplaces Type None
Laundry In Closet
Exterior
Pool None
Community Features Curbs, Sidewalks
View Y/N Yes
View City Lights
Building
Lot Description Front Yard, Near Public Transit, Back Yard
Sewer Public Sewer
Others
NEARBY SCHOOL & BUSINESS
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