1108 N Kenmore Ave Los Angeles, CA 90029
Mixed-use property in prime Hollywood location with development potential.
Lot size:
0.19 AcresProperty Features for 1108 N Kenmore Ave
General Information
- Property type
- Investment
- Standard status
- Active
- Lot size
- 0.19 Acres
Building Details
- Year built
- 1919
Source:
Elliman
Listing Agent: Jim Mangassarian
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Hollywood Mixed-Use Development Opportunity
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.
Location Intelligence
Current Use by Public Records
Appliances R Us
Home Appliance Store
LGrefrigeration
Production Facility
The Trip Apparel
Clothing Store
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.29725
- Latitude
- 34.09115
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property in prime Hollywood location with development potential.
Where is this mixed-use 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 $1,999,900.
What are key features of this property?
This property features: - Development Opportunity: Potential to build 12-16 multi-residential units (subject to city verification) in a rapidly developing area of Hollywood.; - Prime Location: Situated in the heart of Hollywood, close to transportation, shopping, and schools, including Los Angeles City College (LACC).; - C-2 Commercial Zoning: Allows for a variety of business and residential uses.
