140 N Kenmore Ave, Los Angeles, CA 90004

Property Description

Attention investors - priced to sell and packed with upside potential. This prime 5,544 SF fourplex is ideally located in the highly desirable Koreatown / Hancock Park adjacent neighborhood, one of Los Angeles' most dynamic rental markets. With stable in-place income, strong tenant demand, and significant opportunity for future rental growth and value enhancement, this property presents an outstanding chance to capitalize on long-term appreciation potential. The two-story Spanish Colonial Revival style property features four spacious 2-bedroom, 1-bathroom units, with functional floorplans including formal living room, family room, large kitchen, inside laundry area. Located just minutes from Downtown Los Angeles and near Wilshire Boulevard, placing it within a vibrant, high-density corridor known for its diverse dining, shopping, and everyday conveniences. Residents benefit from convenient access to Metro lines and major transit routes, enhancing connectivity and overall desirability. The area continues to experience strong tenant demand, supporting consistent occupancy and long-term rental growth. With a clear value-add component, investors have the opportunity to increase rents to market levels as units turn over, significantly boosting cash flow, overall returns and strong future appreciation. Sold as-is, where-is, with tenants in place. Drive by only, do not disturb tenants.