$2,500,000

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.

Listing Map