$2,500,000

542 Kenmore Avenue, Los Angeles 90004

6

Beds

3

Baths

6,563

Square feet

9,603

Lot Size

5

# Of Units

Listing Agent
Michael O'reilly - Beverly and Company, Inc.

Attention investors and developers! 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 decades 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 just 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 neighborhood; 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.

Facts & Features

MLS® # 24350471
Price $2,500,000
Bedrooms 6
Bathrooms 3.00
Square Footage 6,563
Lot Size 9,603
Year Built 1922
Type Residential Income
Status Active
# Of Units 5

Community Information

Address 542 Kenmore Avenue
Area C17 - Mid-Wilshire
City Los Angeles
County Los Angeles
Zip Code 90004

Amenities

Parking Attached Carport, Concrete, Driveway, Gated, On Street
Garages Attached Carport, Concrete, Driveway, Gated, On Street
View None
Is Waterfront No
Has Pool No

Interior

Interior Wood
Interior Features Ceiling Fan(s)
Appliances Microwave, Refrigerator, Dryer, Washer
Heating Central
Cooling None
Has Basement No
Fireplace No
# of Stories 2
Stories Two

Exterior

Windows Drapes

Additional Information

Date Listed January 22nd, 2024
Days on Market 37
Zoning LAR3
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentMichael O'reilly
OfficeBeverly and Company, Inc.

Listing Map

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