1108 N Kenmore Avenue, Los Angeles, CA 90029
- $1,999,900
- List Price
- $1,999,900
- Price Change
- ▼ $100,000 1761637906
- Status
- ACTIVE
- MLS#
- SR25012065
- Year Built
- 1919
- Lot Size
- 8,253
- Acres
- 0.19
- Lot Location
- Back Yard, Level, Near Public Transit, Paved, Rectangular Lot, Walkstreet
- Days on Market
- 557
- Property Type
- Multifamily
- Style
- Mediterranean, See Remarks
- Property Sub Type
- Mixed Use
- Stories
- One Level
Property Description
This property is in the heart of Hollywood, surrounded with single family homes, apartment complexes and mom and pop businesses, situated within one-quarter mile from Santa Monica / Vermont Metro Rail Station with easy access to transportation, shopping, schools including Los Angeles City College (LACC), most within walking distance. Property is zoned C-2 commercial and includes three (3) units, Retail Store front at street level plus two (2) Residential units in the rear, while current owner lives in one of the units, the store front and the other residential unit is rented, both rentals are on a month-to-month basis, owners resident can also be rented for additional income. Property is within a State Enterprise Zone, while this property would be (1) perfect for a family who has a small mom & pop business to live in one of the rear units, lease out the other residential unit and operate their retail business from the store front or (2) ideal for an investor who can lease all three units and collect rent, but (3) the highest and best use would be develop the property into multi-residential units, this is a great developer opportunity for this fast changing Hollywood location from single family homes into brand new multi-unit apartment complexes with all the latest home features. Driving around this property, one can’t but notice that there are many brand new complexes that have popped up near and all around the area, I counted about 15 such properties within less than half a mile radius, five of them being on the same block with the rest just a block or two over on either side, there may be the potential of building 12 – 16 units on the subject property, must verify with local city ordinance.
Additional Information
- Other Buildings
- Second Garage
- Appliances
- Gas Cooktop, Gas Range, Gas Water Heater, Microwave, Refrigerator, Water Heater, Dryer
- Pool Description
- None
- Heat
- Natural Gas, Wall Furnace
- Cooling Description
- None
- View
- None
- Exterior Construction
- Drywall, Stucco
- Roof
- Composition, Shingle
- Garage Spaces Total
- 2
- Sewer
- Public Sewer, Sewer Tap Paid
- Water
- Public, See Remarks
- Interior Features
- Laminate Counters, Open Floorplan, All Bedrooms Down, Attic, Bedroom on Main Level, Main Level Primary, Walk-In Closet(s)
- Attached Structure
- Detached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $69,696
- Operating Expense
- 30164
Listing courtesy of Listing Agent: Jim Mangassarian (Jimmangassarian@sbcglobal.net) from Listing Office: Realty Executives Homes.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.