1108 N Kenmore Ave Los Angeles, CA 90029

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.