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548 N Kenmore

Los Angeles, CA 90004
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Bed 8

Bed

Bath 4

Bath

SqFt9,602

Sqft(Lot)

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 90% 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 approximately 9,602 SF LAR3-zoned lot, the property offers significant future redevelopment potential. Based on the underlying R3 density of one dwelling unit per 800 SF of lot area, the site may accommodate approximately 12 units before applicable density bonuses and housing incentives. The property may also benefit from additional density, FAR, height and parking incentives available through City and State affordable-housing programs.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,595,000

AD Id : 91344783

MLS Id : BB26204733

Beds : 8

Lot Size : 9,602 Sq. Ft

Year Built : 1922

County : Los Angeles

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Feature Features

  • Building Information

    Year Built: 1922
    Building Area Total: 5276
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 9602 Lot Size Acres: 0.2204 Lot Size Source: Assessor Lot Size Square Feet: 9,602 Lot Description: ZeroToOneUnitAcre

  • Listing Price Information

    Listing Price: $1595000
    Conventional

  • Tax Information

    Parcel Number: 5520008018 Tax Lot: 130

  • Parking Information

    Parking Total: 8

  • Location Information

    Direction: off of melrose WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
211 S Hoover Street, Los Angeles, CA, 90004 $2,750,000 3 3 6,448 7,988 Sq. Ft
616 N Mariposa Ave Avenue, Los Angeles, CA, 90004 $3,065,000 12 16 -- 7,124 Sq. Ft
109 S Catalina Street, Los Angeles, CA, 90004 $1,600,000 8 4 5,540 8,529 Sq. Ft
328 N Mariposa, Los Angeles, CA, 90004 $1,350,000 8 4 -- 8,405 Sq. Ft
422 Normandie Place, Los Angeles, CA, 90004 $750,000 5 3 -- 4,346 Sq. Ft
422 Normandie Place, Los Angeles, CA, 90004 $750,000 5 3 1,538 4,346 Sq. Ft
4115 Council Street, Los Angeles, CA, 90004 $949,900 4 2 -- 6,107 Sq. Ft
4452 Rosewood Avenue, Los Angeles, CA, 90004 $775,000 2 2 1,624 4,618 Sq. Ft
148 S Normandie Avenue, Los Angeles, CA, 90004 $1,750,000 7 6 3,559 5,944 Sq. Ft
120 N Hobart Boulevard, Los Angeles, CA, 90004 $1,450,000 5 4 -- 7,508 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/25/2026 @ 17:06

MLS: BB26204733 LISTED BY: David Nalbandyan, LA Premier Realty 855-525-7653 SOURCE: CRMLS

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