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537 N Kenmore Ave, Los Angeles, CA 90004
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537 N Kenmore Ave Los Angeles, CA 90004

$1,499,900
  • 8 Beds
  • 4.25 Baths
  • 5,844 Sq.Ft.
For Sale
$1,499,900 Get Pre-Qualified
Map preview of 537 N Kenmore Ave, Los Angeles, CA 90004

Property Overview: 537 N Kenmore Ave Los Angeles, CA has 8 bedrooms, 4.25 bathrooms, 5,844 living square feet and 10,327 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Excellent income investment property comprising of four well designed units. This property is a prime residential income building that seamlessly combines comfort, convenience, and potential for lucrative returns. Capitalize from a solid rental history, showcasing the property's consistent appeal to tenants. Each unit has its own mailing address, individually metered for gas & electricity, have in-unit laundry hook-ups, a detached 865 SF garage, and assigned surface parking. Approximate Unit Measurements: #537 - 2B/1Bth 1,359 SF | #539 - 2B/1Bth 1,511 SF | #541 - 2B/1Bth 1,506 SF| #543 – 2B/1.5Bth 1,347 SF (recently updated unit). Great upside in rental income, potential of additional income renting each 865 SF garage as storage, and large lot offers a potential of additional rental income from an ADU. This multi-unit property is a smart choice for savvy investors seeking a steady stream of rental income in a desirable location. Located just 4 minutes from Los Angeles City College, Vermont/Beverly transit station and close access to freeways. Designated parking spaces make this property even more appealing to potential tenants, enhancing its marketability. We invite you to join us for an exclusive tour to explore the full potential of this income-generating property.

Listed by Arthur Ambarachyan | BRE #01351863 | Keller Williams R. E. Services
Last checked: 15 minutes ago | Last updated: April 19th, 2024 | Source CRMLS | DOM: 25
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Home details

Lot Sq. Ft
10,327
HOA Dues
$0/mo
Year built
1921
Garage
4 Car
Property Type:
Fourplex
Status
Active
MLS#
GD24058831
City
Los Angeles
County
Los Angeles
Time on Site
25 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,442
  • Total Rent: $1,442
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $77,304
  • Net Operating Income: $59,850
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $17,454
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $1,100
  • Insurance: $3,234
  • Maintenance: $6,000
  • Water/Sewer: $4,900

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Property Details for 537 N Kenmore Ave

Interior Features
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup, Inside, Washer Hookup
Fireplace Information
  • Has Fireplace
  • Decorative
Room Information
  • Flooring: Wood
Kitchen Information
  • No Appliances
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned, Garage, On Site, Parking Space, Private
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5520009007
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Cross Streets: Rosewood Ave & N Kenmore Ave
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Los Angeles Agent

Sale History for 537 N Kenmore Ave

View property's historical transactions

  • March, 2024

  • Mar 25, 2024

    Date

    Active

    CRMLS: GD24058831

    $1,750,000

    Price

  • August, 2023

  • Aug 11, 2023

    Date

    Expired

    CRMLS: SR22253165

    $2,300,000

    Price

  • Dec 8, 2022

    Date

    Active

    CRMLS: SR22253165

    $2,300,000

    Price

  • Listing provided courtesy of CRMLS

    Two lots listed together 537/531 N Kenmore. 9 TOTAL units located in Koreatown. This opportunity zone tier 3 transient oriented community is being sold as two (2) lots combined, totaling .5 an acre. Four 2 Bed 1 1/2 bath, 3 2 bed 1 bath and 1 2 bed 2 bath. Property is 4 minutes from Los Angeles City College and the Vermont/Beverly station. Close access to both public transportation and freeways. Although this is being listed as two lots, will consider offers on individual buildings. Marketing package can be sent by request with more information. This property is listed at 2.6 million as well as 531 N Kenmore for a total of 5.2 million if sold together.

  • September, 2022

  • Sep 16, 2022

    Date

    Expired

    CRMLS: SR22097655

    $2,600,000

    Price

  • May 10, 2022

    Date

    Active

    CRMLS: SR22097655

    $2,600,000

    Price

  • Listing provided courtesy of CRMLS

    Two lots listed together 537/531 N Kenmore. 9 TOTAL units located in Koreatown. This opportunity zone tier 3 transient oriented community is being sold as two (2) lots combined, totaling .5 an acre. Four 2 Bed 1 1/2 bath, 3 2 bed 1 bath and 1 2 bed 2 bath. Property is 4 minutes from Los Angeles City College and the Vermont/Beverly station. Close access to both public transportation and freeways. Although this is being listed as two lots, will consider offers on individual buildings. Marketing package can be sent by request with more information. This property is listed at 2.6 million as well as 531 N Kenmore for a total of 5.2 million if sold together.

  • May, 2007

  • May 16, 2007

    Date

    Expired

    CRMLS: 12085462

    $1,055,000

    Price

  • Jan 15, 2007

    Date

    Active

    CRMLS: 12085462

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    Fourplex on a large lot in a desirable area of Hollywood. All units are rented at below market prices. Low maintenance property with individual meters, washer dryer hook-ups in each unit. There is a four car detached garage with additional space to park in the back. The loaction and the size of the property would be ideal for a new development. Please check with the City for current zoning information. All units are currently rented

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Tax History for 537 N Kenmore Ave

Assessed Value (2020): $299,476
Year Land Value Improved Value Assessed Value
2020 $190,853 $108,623 $299,476

Home Value Compared to the Market

This property vs the competition

537 N Kenmore Ave is listed 19.99% higher than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $256.66 per/sqft which puts the price per square foot 66.8% lower than the median price per square foot for the city of Los Angeles.

About 537 N Kenmore Ave

Detailed summary of property

537 N Kenmore Ave is a fourplex located in Los Angeles, CA 90004 and is currently for sale. This fourplex offers 8 bedrooms, 4.25 bathrooms, roughly 5,844 living square feet, and sits on an approximately 10,327 square foot lot. 537 N Kenmore Ave was first listed on ArdentRealEstateGroup.com on March 25, 2024. The homeowner is currently asking $1,499,900 and was originally asking $1,750,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 19.99% higher than the median priced home. Local competing homes currently for sale include 957 N Ardmore Ave, 533 N Commonwealth Ave and 317 N Commonwealth Ave. While the average home in Los Angeles, CA is selling in 97 days, 537 N Kenmore Ave has a days on market of 25 days. There are currently 3357 homes for sale in the Los Angeles real estate market and 2273 of them are single family homes while 993 of them are condos and 86 are townhomes. For more information on this home for sale at 537 N Kenmore Ave Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 537 N Kenmore Ave

Public county record property details
Beds
--
Baths
--
Year built
1921
Sq. Ft.
5,844
Lot Size
10,324
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
145
APN
5520-009-007

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,388,000
Median List Price/Sq.Ft.
$806
Median Sold Price
$1,163,014
Median Sold Price/Sq.Ft.
$789
Total Inventory
62
Median Sale to List Price %
93.04%
Avg Days on Market
39
Loan Type
Conventional (27.27%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

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Recently Sold Homes Near 537 N Kenmore Ave

524 N Kenmore Ave, Los Angeles, CA 90004
$1,250,000 Last Sold Price
8 Beds
4 Baths
5152 Sq.Ft.
524 N Kenmore Ave
Los Angeles, CA 90004
521 N Heliotrope Dr, Los Angeles, CA 90004
$1,303,000 Last Sold Price
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521 N Heliotrope Dr
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427 N Kenmore Ave, Los Angeles, CA 90004
$900,000 Last Sold Price
6 Beds
3 Baths
2641 Sq.Ft.
427 N Kenmore Ave
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410 N Kenmore Ave, Los Angeles, CA 90004
$1,050,000 Last Sold Price
4 Beds
2 Baths
2080 Sq.Ft.
410 N Kenmore Ave
Los Angeles, CA 90004

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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