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101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004
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$1,700,000

101 N Kenmore Avenue, Los Angeles, CA, 90004

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101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004
Unsave
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101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004
101 N Kenmore Avenue, Los Angeles, CA, 90004

Information

Price: $1,700,000
Days On Market: 37
Year Build: 1925
Bedrooms: 8
MLS ID: 26667235
Status: Active

Details

Address: 101 N Kenmore Avenue
County: Los Angeles
City: Los Angeles
Zip: 90004
State: California

Description

101 N. Kenmore Ave. is an 8-unit Melrose Hill offering priced at $212,500 per unit and $221 per SF, operating at a 6.44% CAP and 9.82 GRM 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 8.95% CAP and 7.84 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.

Location

Listed By

Listing Agent

Max Berger

max@kennystevensteam.com
818-321-4972
Compass
Co-Listing Agent

Kenny Stevens

Compass

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Print Details
The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 1st May, 2026 11:43 PM (UTC)
Listing Agent: Max Berger
Listing Office: Compass
Attribution contact: 818-321-4972

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