For Sale
$2,099,900

1108 N Kenmore Ave Los Angeles, CA 90029

Prime Los Angeles location, multi-use potential.

Overview

Added:
Jan 20
Days on market:
95
This 2,639 square foot commercial building in Los Angeles, CA 90029, presents a unique investment opportunity. Located in the heart of Hollywood, near the Santa Monica/Vermont Metro Rail Station, this C-2 zoned property offers exceptional accessibility to transportation, shopping, and schools, including Los Angeles City College. The building comprises three units: a street-level retail storefront and two rear residential units. Currently, the owner occupies one residential unit, while the storefront and the other residential unit are rented on a month-to-month basis, offering immediate rental income potential. Situated within a State Enterprise Zone, this property is ideal for various uses. A family-owned business could occupy the storefront and one residential unit, leasing the other for additional income. Alternatively, an investor could lease all three units for rental income. However, the highest and best use may be redevelopment into a multi-residential building. The surrounding area is experiencing rapid transformation, with numerous new multi-unit apartment complexes recently constructed within a half-mile radius. Preliminary estimates suggest the potential to develop 12-16 units, subject to local city ordinances. This property offers high visibility from a major boulevard with high traffic counts, making it an attractive investment for owner-occupants, investors, or developers seeking to capitalize on Hollywood's dynamic real estate market. The 0.19-acre lot provides ample space for potential expansion or redevelopment.

Highlights

  • Prime Hollywood location near Santa Monica/Vermont Metro Rail Station.
  • Three units: retail storefront and two residential units, offering rental income potential.
  • 2,639 sq ft building on a 0.19-acre lot, zoned C-2 commercial, in a State Enterprise Zone.

Property Details for 1108 N Kenmore Ave

Property type
Retail properties, Retail residential properties
Square Feet
2,639 SF
Price / Square Foot
$795.72
Class
B
Year Built
1919
Buildings
1
Stories
1
Total Parking Spaces
5
Elevators
N/A
Lot Size (sq. ft)
8,276 SF

Location Insight

City
Los Angeles
County
State
California

FAQs

What type of property is this?
Retail property - Prime Los Angeles location, multi-use potential.
Where is the retail property located?
The property is located at 1108 N Kenmore Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,099,900.
What are key features of this property?
This property features: Prime Hollywood location near Santa Monica/Vermont Metro Rail Station.; Three units: retail storefront and two residential units, offering rental income potential.; 2,639 sq ft building on a 0.19-acre lot, zoned C-2 commercial, in a State Enterprise Zone.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1108 N Kenmore Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message