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Koreatown Multifamily Portfolio Opportunity
For Sale
Contact for pricing
Pending

221 S Kenmore Ave, Los Angeles, CA 90004

Two adjacent six-unit buildings in Koreatown/Mid-Wilshire neighborhood.

Property Size13,156 SF
Lot Size0.38 Acres
Days on Market193

Property Features for 221 S Kenmore Ave

General Information

Standard status Pending
Size 13,156 SF
Total Parking Spaces 12
Lot size 0.38 Acres
Property subtype Multifamily
Zoning LAR3-1

Building Details

Year Built 1939
Buildings 2
Stories 2
Units 12
Listing Agency: KW Commercial Los Feliz
Listed By: Matthew Kanner · License #CA 01349203
Source: Crexi
Added: Feb 4 Changed: Aug 8 Last Checked: Jul 24 at 1:36PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial Los Feliz

Investment Insights

Based on property information with market context.

Located in the Koreatown/Mid-Wilshire neighborhood of Los Angeles, 221 & 227 S Kenmore Avenue comprise a two-property portfolio. The properties are situated within the Ambassador Heights and Edgemont Street–New Hampshire Avenue Multi-Family Residential Historic Districts. Constructed in 1939, the portfolio consists of two adjacent six-unit buildings with a shared central courtyard, featuring French Revival Norman architectural design. The buildings total 12 units, with a mix of four 2-bedroom, 1-bathroom units and eight 1-bedroom, 1-bathroom units, averaging approximately 1,400 square feet and 900 square feet, respectively, with an overall average unit size of approximately 1,096 square feet. Together, the buildings provide 13,156 gross square feet of living space on 16,514 square feet of LAR3-1-zoned land. The portfolio includes 16 on-site parking spaces, consisting of 12 garage spaces and 4 uncovered spaces, and features an on-site laundry room. The units offer interiors with a combination of hardwood, laminate, and tile flooring throughout living areas, bedrooms, and kitchens. Kitchens provide ample cabinetry and countertop space, with select units showcasing newer white cabinetry and modern hardware. Bathrooms are equipped with updated vanities, contemporary fixtures, and glass-enclosed tub/shower combinations. Classic wall-mounted gas heaters add character while providing functional warmth. With a Walk Score of 90, the property is located close to Wilshire Boulevard and the 101, 2, 10, and 110 freeways, and just 0.8 miles from the Wilshire/Vermont Metro B (Red) and D (Purple) Line station, offering connectivity to the shopping, dining, entertainment, and cultural destinations of Koreatown, Westlake, Mid-Wilshire, Hollywood, and revitalized Downtown Los Angeles.

Key Highlights

  • Rare two‑property portfolio in the highly sought‑after Koreatown/Mid‑Wilshire neighborhood.
  • Located within the Ambassador Heights and Edgemont Street–New Hampshire Avenue Multi‑Family Residential Historic Districts.
  • Significant income upside potential (approximately 92%+) through strategic renovations and rent optimization.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Tanning Salon Carpet & Flooring Store (Bike/Boat/Book/etc) Store Buffet Clothing & Fashion Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

8,641
Businesses Nearby

Demographics for 90004, CA

58,585
Population
26,046
Households
2.2
Avg Household Size
37
Median Age
40%
College-Educated
78%
High-School Grad
3.1 sq mi
ZIP Area
18,898
Density / Sq Mi
$62,655
Median Household Income
$39,359
Median Earnings
$1,752
Median Rent
$1,457,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two adjacent six-unit buildings in Koreatown/Mid-Wilshire neighborhood.
Where is this apartment building located?
The property is located at 221 S Kenmore Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Rare two‑property portfolio in the highly sought‑after Koreatown/Mid‑Wilshire neighborhood.; Located within the Ambassador Heights and Edgemont Street–New Hampshire Avenue Multi‑Family Residential Historic Districts.; Significant income upside potential (approximately 92%+) through strategic renovations and rent optimization.
(323) 300-1000 Call to check price and availability
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