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101 N. Kenmore Ave. is an 8-unit value-add opportunity in Melrose Hill, positioned between several of Mid-City's most active residential and retail corridors. Located approx. 0.6 miles from the 6th St. corridor surrounding Chapman Market, approx. 1.5 miles from Wilshire/Western and the core of Koreatown, and approx. 11.8 miles from Larchmont Village, the property sits within one of the most consistently active rental pockets in Central Los Angeles, where a dense mix of dining, neighborhood retail, and employment drivers continues to support steady tenant demand. Offered at $1,700,000, the property is priced at $212,500 per unit and $221 per square foot, operating at a 6.44% CAP and 9.82 GRM on current rents. The pricing is in line with several recent multifamily sales across Melrose Hill and the surrounding neighborhoods. At projected market rents, the property offers approx. 25% rental upside, with stabilization expected at an 8.95% CAP and 7.84 GRM. The property was originally constructed in 1925 and presents with a distinct Spanish-style exterior that immediately sets it apart from more typical product in the area. The street presence is defined by a warm stucco facade, decorative parapet lines, and a centered entry sequence that leads through a gated front courtyard. Additional upside exists through a detached garage at the rear of the property, which presents a potential ADU opportunity, subject to buyer verification. The property also includes on-site parking and a community laundry room, supporting day-to-day operations while maintaining a relatively simple management profile. With in-place metrics supported by recent comparable sales, approx. 25% rental upside, and a location positioned between Larchmont Village, Koreatown, and the 6th Street corridor, 101 N. Kenmore Ave. presents a well-located Melrose Hill asset with a clear and executable path to improved performance.
Property Type(s):
Residential Income
| Last Updated | 3/19/2026 | Year Built | 1925 |
|---|---|---|---|
| Community | C17 - Mid-Wilshire | Garage Spaces | 2.0 |
| County | Los Angeles |
Additional Details
| AREA | C17 - Mid-Wilshire |
|---|---|
| GARAGE | Yes |
| LOT | 7710 sq ft |
| LOT DIMENSIONS | 7711 |
| PARKING | Garage, Side By Side |
| STORIES | 2 |
| STYLE | Spanish |
Location
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Listed with Compass
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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