101 N Kenmore Avenue, Los Angeles, CA 90004
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
101 N Kenmore Avenue,Los Angeles, CA 90004
$1,340,000
- 8 Beds
- 8 Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: max berger, kenny stevens
Office: compass310-230-5478
MLS#:26667235
Source:CRMLS
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Price summary
- Price:$1,340,000
About this home
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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Home facts
- Year built:1925
- Listing ID #:26667235
- Added:145 day(s) ago
- Updated:August 12, 2026 at 06:34 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:8
Structure and exterior
- Year built:1925
- Architectural Style:Spanish
- Levels:2 Story
Finances and disclosures
- Price:$1,340,000
Parking
- Total parking spaces:5
- Parking description:Door-Multi, Garage, Side By Side
- Garage:Yes
- Garage spaces:2
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