1307 N Kenmore Avenue, Los Angeles, California 90027, Los Angeles, 90027 - 3 bed, 2 bath
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Los Angeles, California 90027
This Residential Income Duplex represents a Strong Value Opportunity with a List Price of $899,000—positioned well below the $981,898 Fair Market Value by 8%. This valuation gap provides $82,898 in Instant Equity for buyers. Currently holding a Fair Condition Rating, the asset’s primary appeal is its LAR3 Zoning and preliminary capacity for a 9-unit development. Delivered vacant steps from the Vermont/Sunset Metro station, it ensures high rental demand and significant redevelopment upside. This is a strategic acquisition for Developers or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1307 N Kenmore Avenue Subject | $899,000* List Price | 3 | 2 | 2,278 | $431 | - |
A 5015 Franklin Avenue Sold | $1,025,000 | 0 | 0 | 2,676 | $383 | 0.7 mi |
B 1730 N Kenmore Avenue Sold | $1,125,000 | 0 | 0 | 2,790 | $403 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1940, the property features a kitchen and interior that appear to have been updated approximately 20-25 years ago, placing it in the 'Fair' category. While the units are functional and delivered vacant, the finishes are dated, and the listing's primary focus on LAR3 development potential for a 9-unit building suggests the existing structures require significant modernization or replacement to reach highest and best use.
The property is situated on a generous LAR3-zoned lot with preliminary indications for up to 9 units, offering significant value-add potential for developers in a high-density area.
Located just steps from the Vermont/Sunset Metro station, major hospitals, and prime dining, the property benefits from exceptional walkability and strong rental demand.
Both units will be delivered vacant, allowing an investor to immediately renovate, lease at current market rates, or begin redevelopment without the complexities of tenant relocation.
Built in 1940, the existing duplex may require substantial capital improvements or modernization if the buyer intends to maintain the current structures rather than redevelop.
The projected 9-unit development capacity is preliminary; buyers must undertake rigorous due diligence with city zoning departments to confirm actual density and building constraints.
Prime investment opportunity in coveted East Hollywood — just steps from dining, entertainment, hospitals, and the Vermont/Sunset Metro station. This property includes two units: a 2-bed/1-bath front house and a 1-bed/1-bath rear unit. Both units will be delivered vacant. Situated on an LAR3-zoned lot with development potential; preliminary indication suggests the possibility to build up to a 9-unit apartment building (buyer to verify with City zoning and building departments). Excellent location, strong rental demand, and value-add redevelopment upside.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 0.0 | 75% |
| Baths | 2.0 | 0.0 | 75% |
| Square foot | 2,278 | 2,733 | 25% |
| Lot Size | 6,883 | 7,251 | 25% |
| Price | $899.0K | $1.07M | 25% |
| Price per sq ft | $395 | $399 | 50% |
| Built year | 1940 | 1922 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 109 | 25% |
Apr 28, 2026
$899,000
Initial Listing