548 N Kenmore, Los Angeles, California 90004, Los Angeles, 90004 - 0 bed, 0 bath
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Los Angeles, California 90004
This Residential Income Quadruplex presents a Strong Value Opportunity with a List Price of $1,595,000—positioned well below the $1,681,903 Fair Market Value by 5%. This valuation gap offers $86,903 in Instant Equity. Featuring a Condition Rating of 4, the property offers significant upside through its LAR3 Zoning and 9,602 sqft lot, ideal for high-density redevelopment. This is a prime acquisition for Buy-and-Hold Investors or Commercial Developers seeking long-term value creation in a high-demand Koreatown rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 548 N Kenmore Subject | $1,595,000* List Price | 0 | 0 | 5,276 | $319 | - |
A 519 N Alexandria Sold | $1,130,000 | 0 | 0 | 3,464 | $326 | 0.1 mi |
B 328 N Mariposa Active | $1,350,000 List Price | 0 | 0 | 5,782 | $233 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is over 100 years old (built 1922). While interior photos show some recent cosmetic updates such as newer LVP flooring and fresh paint, the exterior shows age-related wear and staining. The listing's heavy emphasis on 'redevelopment potential' and LAR3 zoning indicates that while functional and income-producing, the primary value is in the land and the structure is dated.
The LAR3 zoning combined with a substantial 9,602 sqft lot provides a rare opportunity for high-density redevelopment or the addition of multiple ADUs to maximize the property's footprint.
Situated near major transit corridors, employment centers, and a vibrant dining scene, the property is positioned in a high-demand rental market ensuring low vacancy rates.
As a quadruplex, this property qualifies for residential financing while offering the strong in-place income and scale typically associated with commercial multi-family investments.
Originally built in 1922, the property may require significant capital expenditure for seismic retrofitting and modernization of century-old plumbing and electrical systems.
Located in a high-density urban core, the property may face challenges regarding tenant parking and competition from newer, amenity-rich residential developments in the immediate vicinity.
Prime Koreatown multifamily investment offering strong in-place income and exceptional redevelopment potential. Located near major transit corridors, dining, and employment centers, this LAR3-zoned property presents opportunities for future unit expansion and long-term value creation.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 5,276 | 2,250 |
| Lot Size | 9,602 | 5,864 |
| Price | $1.59M | $826.7K |
| Price per sq ft | $302 | $395 |
| Built year | 1922 | 1925 |
| HOA | $0 | $0 |
| Days on market | 30 | 83 |
Jun 22, 2026
$1,595,000
Initial Listing