Under Contract

101 N Kenmore Avenue

Los Angeles, CA 90004
Mark as Favorite
Bed 8

Bed

Bath 0

Bath

SqFt7,680

Sqft

SqFt7,711

Sqft(Lot)

101 N. Kenmore Ave. is an 8-unit Melrose Hill offering priced at $195,000 per unit and $203 per SF, and operating at a 9.01 GRM and .599% CAP on current rents. The pricing aligns with recent sales in the area, while offering stronger in-place income and approx. 25% rental upside based on renovated units nearby. The property is located approx. 0.6 miles from the 6th St. corridor surrounding Chapman Market, approx. 1.5 miles from Wilshire/Western and the core of Koreatown, and within close reach of Larchmont Village. This positioning places residents near a dense mix of restaurants, cafs, and neighborhood retail, while maintaining access to multiple employment corridors that continue to support steady rental demand throughout Mid-City. Originally constructed in 1925, the building features a Spanish-style exterior with a warm stucco faade, decorative parapet lines, and a centered entry that opens into a gated front courtyard. The layout creates separation from the street and reflects the type of character-driven housing that continues to perform well in Melrose Hill. The unit mix and building configuration support a straightforward value-add strategy. Based on renovated rental comparables, the property offers approx. 25% rental upside, with stabilization projected at an 9.15% CAP and 7.22 GRM. Additional upside exists through the detached rear garage structure, which presents potential for ADU conversion or expansion, subject to buyer verification. ***Major building systems have already been addressed. Recent capital improvements include vertical plumbing upgrades in select units, sewer line replacements and connection work, copper plumbing upgrades, roof repair and waterproofing, and common area improvements. Additional work includes window screen replacements, exterior painting, and select system updates, reducing near-term capital requirements and allowing a buyer to focus on interior turnover and rent growth.*** With in-place income, completed system upgrades, and a location positioned between the 6th Street corridor, Koreatown, and Larchmont Village, 101 N. Kenmore Ave. offers an 8-unit Melrose Hill asset where pricing, condition, and upside are aligned.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,560,000

AD Id : 79966601

MLS Id : 26667235

Beds : 8

Lot Size : 7,711 Sqft

Living Area Size : 7,680

Year Built : 1925

Garage : 2

County : Los Angeles

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total Bedrooms: 8

    Bathroom Information

    Total Baths: 8 Full Baths: 0 Half Baths: 0

  • Building Information

    Year Built: 1925 Building Area Total: 7,680
  • Security Features

    Gated Community
  • Laundry Features

    Common Area,Laundry Room

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.177
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 7711

  • Listing Price Information

    Original List Price: 1,560,000 Listing Contract Date: 2026-03-19
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 5518016024

  • Garage and Parking

    Garage Description: Door-Multi,Garage,Side By Side

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Under Contract Source Neighborhood: C17 - Mid-Wilshire Directions: Located 1 block south of Beverly Blvd, and west of Vermont Ave, the subject property is minutes from the heart of Koreatown, Melrose Hill, and Larchmont Village. Zoning: LAR3 Source Property Type: Residential Income Area: C17 - Mid-Wilshire
  • Building and Construction

    Property Age: 101 Common Walls: 1 Common Wall Year Built Source: Vendor Enhanced Total Square Feet Living: 7680 Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

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447 N Commonwealth Avenue, Los Angeles, CA, 90004 $900,000 3 -- 1,798 1,798 SqFt
3812 Middlebury, Los Angeles, CA, 90004 $799,800 3 2 1,240 1,240 SqFt
449 N Virgil, Los Angeles, CA, 90004 $1,299,000 2 2 1,886 1,886 SqFt
3220 W 2nd Street, Los Angeles, CA, 90004 $1,480,000 8 -- 7,985 7,985 SqFt
210 S Commonwealth Avenue, Los Angeles, CA, 90004 $3,590,000 24 -- 10,884 10,884 SqFt
124 N Westmoreland Avenue, Los Angeles, CA, 90004 $4,350,000 -- -- 17,730 17,730 SqFt
118 N Westmoreland Avenue, Los Angeles, CA, 90004 $3,750,000 -- -- 18,765 18,765 SqFt

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ByOwner last updated this listing 06/18/2026 @ 01:22

MLS: 26667235 LISTED BY: Max Berger, Compass 310-230-5478 SOURCE: CRMLS

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