$2,500,000 Price Analysis   ♡   Los Angeles, CA 90004 12 bed 6 bath 6,563 SqFt ($380/SqFt) 9,603SqFt lot. Built 1922 Listed 2024-01-24, Taxes $5,992 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Attention investors and developers!
* Sale Pending *An extraordinary investment opportunity awaits in the heart of Los Angeles at 542-544 N. Kenmore Ave. This property boasts a compelling location in the hot Mid-Wishire district. The property has been in use as a rehabilitation facility for two dcades but is ready to be developed or returned to its original glory: 4 large 2BR 1BA classic 1920 apartments w/ hardwood floors, high ceilings, etc., plus a 4-bedroom guest/rental unit in the rear building. The bones are there, but the building will need substantial renovations for this use. Alternatively, develop the property into five-story 15+ unit building, like several others in the neighborhood. Close to freeways and subways, it's an easy commute to DTLA and the Valleys and a ten minute walk to LA City College.
Our walkable neighborhood is one of the most dynamic and diverse in the US, with a full range of retail and multi-cultural food options close by: Korean BBQ's, cafes and on-trend restaurants - more are arriving every day. Authenticity and vitality are the keys to this neig hborhood; they combine to make this location increasingly sought after by the young creatives pouring in to Los Angeles. Transportation options are critical to your future residents and they are abundant: we are 7 blocks from the Vermont/Beverly Metro station; and close to bus arteries along Beverly and Temple. We also have easy access to the Hollywood Freeway. And yet our street is quiet. Our block has one of the widest streets in the Mid-Wilshire district, creating an almost park-like setting that encourages neighborhood walks and means abundant convenient street parking. We note: the photos are current and show the current institutional use. The property will be delivered vacant and ready for whatever option you choose. Drive by only. DO NOT disturb residents. Please contact the agent for appointment showings.
Presented by Michael O'reilly at
Beverly and Company, Inc.
Property MLS #24-350471 from TheMLSCLAW
Full Bathrooms: 6
Laundry Features: Outside
Window Features: Drapes/Curtains
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 9603
Calculated Total Monthly Association Fees: 0
Number of Units: 5
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 2 BedsTotal: 4, 2 BathsTotal: 2
Two On A Lot
Source Listing Status: Pending
County: Los Angeles
Cross Street: Vermont and Beverly
Directions: 3 blocks East of Normandie; 3 blocks North of Beverly.
Source Property Type: Residential Income
Area: Mid-Wilshire
Source Neighborhood: Mid-Wilshire
Parcel Number: 5520-008-019
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $82,345 + $354,975 $437,320 | $5,992 |
| 2021 | $80,731 + $348,015 $428,746 | $5,881 |
| 2020 | $79,904 + $344,447 $424,351 | $5,928 |
| 2019 | $78,338 + $337,694 $416,032 | $5,721 |
| 2018 | $76,802 + $331,073 $407,875 | $792 |
| 2017 | $75,297 + $324,582 $399,879 | $5,450 |
| 2016 | $73,821 + $318,218 $392,039 | $5,257 |
| 2015 | $72,713 + $313,439 $386,152 | $584 |
| 2014 | $71,289 + $307,300 $378,589 | $625 |
| 2013 | $70,967 + $305,912 $376,879 | $620 |
| 2012 | $69,576 + $299,914 $369,490 | $5,303 |
| 2010 | $68,212 + $294,034 $362,246 | $871 |
| 2009 | $67,864 + $292,531 $360,395 | $847 |
| 2009 | $67,703 + $291,837 $359,540 | $847 |
| 2008 | $66,534 + $286,796 $353,330 | $848 |
| 2007 | $65,230 + $281,173 $346,403 | $803 |
$2,500,000
TheMLSCLAW
Sold 2000-08-11
$307,500
Public Record
Year Built: 1922
Common Walls: Attached
Direction Faces: West
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 102
Property Condition: Additions/Alter, Tear Down, Repairs Major
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
Security Features: Automatic Gate, Fire and Smoke Detection System, Gated, Exterior Security Lights
Map directions Map directions Map directions Map directions
 |  |  |  |  |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.