1111 S Kenmore Avenue, Los Angeles, California 90006, Los Angeles, 90006 - 0 bed, 0 bath
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Los Angeles, California 90006
Analysis of 1111 S Kenmore Avenue, Los Angeles, California 90006 is currently available with a list price of $3,795,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property is over 100 years old (built 1910) and is explicitly marketed as a shovel-ready development site with RTI permits for a new 45-unit apartment complex. The value is entirely in the land and approved plans rather than the existing structure.
The project comes with Ready-to-Issue (RTI) permits and fully approved architectural plans, significantly reducing the development timeline and eliminating the risks associated with the entitlement process.
Located in one of Los Angeles' most robust rental markets, the site offers exceptional walkability to Metro stations, premier dining, and major employment hubs, ensuring high tenant demand.
As a new construction project, the development is exempt from the City of Los Angeles Rent Stabilization Ordinance (RSO), allowing for market-rate rental growth and higher long-term valuation.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =17728, other record lot size in square feet = 5905. Living area discrepancy between mls listing and other public or private record. mls listing living area = 46259, other record living area = 1528.
The majority of the assigned public schools in the immediate area carry low performance ratings (2-3 out of 10), which may deter families and limit the potential tenant pool.
The approved plans require 5 units to be designated for low-income housing, which impacts the overall Net Operating Income (NOI) compared to a fully market-rate development.
Shovel-ready / RTI multifamily development opportunity located at 1103, 1107, 1109, and 1111 S Kenmore Ave four contiguous parcels in the heart of Koreatown. The project includes Ready-to-Issue (RTI) permits and fully approved architectural plans for a modern 5-story, 45-unit apartment development featuring 5 low-income units and approximately 46,259 SF of total FAR in one of Los Angeles' strongest rental markets.The approved development offers 37 parking spaces, including 4 EV spaces, plus 4 future potential parking spaces, along with dedicated bicycle parking. Additional features include elevator service, a full sprinkler system, and an efficient stacked construction design. The site is zoned R3-1 and is non-rent-controlled.Ideally positioned near Metro access and within walking distance to Koreatown's premier shopping centers, restaurants, retail, nightlife, and major employment corridors, the property benefits from exceptional connectivity and strong long-term rental demand. This rare infill development opportunity allows developers to move directly toward construction in a highly sought-after Mid-Wilshire / Koreatown location.
No exterior & parking available.
Grades K-2 • 0.2 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 46,259 | 1,243 |
| Lot Size | 17,728 | 24,016 |
| Price | $3.79M | $805.6K |
| Price per sq ft | $82 | $659 |
| Built year | 1910 | 1981 |
| HOA | $0 | $684 |
| Days on market | 82 | 71 |
Jul 15, 2026
$3,795,000
$4,450,000
-15% Price Drop
Initial Listing
May 1, 2026
$4,450,000
Initial Listing
May 14, 2009
$445,000
Public Record