
Los Angeles, California 90004
This four-unit Strong Value Opportunity is a Residential Income Asset listed at $2,100,000—positioned well below the $2,212,405 Fair Market Value by 5%. This valuation gap offers $112,405 in Instant Equity. With a Condition Rating of 5, the property features two fully renovated units and two unfinished units, providing significant upside through completion and RSO-compliant lease-up. The LAR3 Zoning and 7,140 SF Lot offer excellent potential for ADU development. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 144 S Kenmore Avenue Subject 11 bd · 8 ba · 4,660 sqft · $302 | $1,400,000* List Price | 11 | 8 | 4,660 | $302 | - |
A 4214 Rosewood Active 0 bd · 0 ba · 4,581 sqft · $305 · 0.5 mi | $1,399,000 List Price | 0 | 0 | 4,581 | $305 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
While two units have been recently renovated to an excellent standard with modern kitchens, baths, and new electrical/plumbing, the property as a whole is in a partially completed state. Two units remain unfinished with exposed studs and insulation, and the exterior is currently boarded up. Per the criteria, the 1923 structure requires significant rehab to reach full occupancy and functional status.
The property is delivered without existing tenancies, providing a rare opportunity for the buyer to establish initial market-rate rents for all units despite being subject to the Los Angeles Rent Stabilization Ordinance.
With LAR3 zoning and a spacious 7,140 SF lot, the property offers multiple avenues for value creation, including the completion of unfinished units and the potential to add one or more ADUs.
Two units have already undergone extensive, permitted renovations—including updated plumbing, electrical, kitchens, and bathrooms—reducing the immediate capital expenditure and construction timeline for the new owner.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6969, other record lot size in square feet = 7142. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 11, other record bedroom count = 4.
The property was recently sold within the past year on 2025-10-10. The sold price is $2,400,000.00.
The property is sold in 'as-is' condition with two units remaining unfinished, requiring the buyer to navigate the costs, permitting, and management of active construction before the asset can be fully stabilized.
Now priced to reflect a short sale opportunity. Sale subject to lender approval. Excellent value-add opportunity in a prime Los Angeles location. 144 S Kenmore Ave is a four-unit residential income property offering approximately 4,660 SF of building area on an approximately 7,140 SF LAR3 lot, with substantial renovation already completed. Two units have been fully renovated, and two additional units remain unfinished. The two completed units underwent extensive renovations, including new plumbing and electrical, kitchens, bathrooms, flooring, windows, recessed lighting, cabinetry and fixtures. Seller states the completed renovation work was performed with permits. The two unfinished units are currently configured for completion as 3-bedroom/3-bath units. The planned final configuration is approximately one 2-bedroom/2-bath unit and three 3-bedroom/3-bath units, subject to buyer verification of final legal bedroom/bathroom counts, plans and permits. The property is being offered without existing tenant leases, giving the next owner an opportunity to evaluate the existing improvements and complete the remaining work, subject to applicable permitting and occupancy requirements. The rear parking/garage area and overall site configuration may also offer potential for ADUs or other future development opportunities, subject to buyer investigation, zoning, permitting and City approval. Conveniently located near Koreatown, Larchmont Village, Virgil Village, shopping, dining, transit and major employment centers. An opportunity to acquire a fourplex with substantial improvements already completed and additional upside through completion and lawful lease-up. The property is subject to the Los Angeles Rent Stabilization Ordinance and is offered as-is in its current, partially renovated condition. Buyers should independently verify permits, lawful occupancy, applicable rental restrictions, development potential and costs to complete the remaining work.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 11.0 | 4.5 |
| Baths | 8.0 | 2.9 |
| Square foot | 4,660 | 2,090.331 |
| Lot Size | 6,969.6 | 5,852.908 |
| Price | $1.40M | $830.9K |
| Price per sq ft | $300 | $394 |
| Built year | 1923 | 1928 |
| HOA | $0 | $0 |
| Days on market | 72 | 87 |
Oct 13, 2026
$1,400,000
$1,500,000
-7% Price Drop
Initial Listing
Sep 11, 2026
$1,500,000
$2,100,000
-29% Price Drop
Initial Listing
Aug 29, 2026
$2,100,000
Initial Listing
Oct 10, 2025
$2,400,000
Public Record
Jun 10, 2024
$1,360,000
Public Record