1108 N Kenmore Ave, Los Angeles, CA 90029

Located in the heart of Hollywood, this mixed-use property is surrounded by single-family homes, apartment complexes, and small businesses. The property is situated within a quarter mile of the Santa Monica / Vermont Metro Rail Station, providing convenient access to transportation, shopping, and schools, including Los Angeles City College (LACC), most of which are within walking distance. Zoned C-2 commercial, the property includes a retail storefront at street level and two residential units in the rear. Currently, the storefront and one residential unit are rented on a month-to-month basis, while the owner occupies the other unit, which could also be rented for additional income. The property is located within a State Enterprise Zone. This property presents multiple opportunities: it could suit a family with a small business looking to live in one of the rear units, lease out the other residential unit, and operate their retail business from the storefront. Alternatively, it could be ideal for an investor to lease all three units. The highest and best use may be to develop the property into multi-residential units, offering a great opportunity for developers in this rapidly evolving Hollywood location, which is transitioning from single-family homes to new multi-unit apartment complexes. The surrounding area features numerous new complexes, with approximately 15 such properties within a half-mile radius, including five on the same block and others just a block or two away. There may be the potential to build 12 to 16 units on the property, subject to verification with local city ordinances.