Mid-Wilshire (C17) Homes with Quadruplex Subtype

Mid-Wilshire (C17) Homes with Quadruplex Subtype

Welcome to Mid-Wilshire (C17), a vibrant and eclectic neighborhood nestled in the heart of Los Angeles County. This dynamic area is renowned for its rich cultural tapestry, blending historic charm with modern conveniences. Mid-Wilshire is home to a diverse community, offering a unique mix of residential, commercial, and recreational spaces. With its proximity to landmarks like the Los Angeles County Museum of Art (LACMA) and the iconic La Brea Tar Pits, residents enjoy an abundance of cultural experiences right at their doorstep.

One of the standout features of Mid-Wilshire is its architectural diversity, particularly the availability of homes with a quadruplex subtype. These multifamily residences are perfect for those looking to invest in real estate while enjoying the benefits of urban living. Quadruplex homes offer the unique opportunity to reside in one unit while renting out the others, making them an attractive option for both first-time buyers and seasoned investors. The potential for passive income is a significant draw, allowing homeowners to offset their mortgage costs or create a steady revenue stream.

The neighborhood boasts excellent public transportation options, making commuting a breeze. The vibrant streets are lined with trendy cafes, restaurants, and boutique shops, ensuring that residents have everything they need within walking distance. With a strong sense of community and a variety of amenities, Mid-Wilshire is not just a place to live; it’s a lifestyle. Explore the possibilities of owning a quadruplex in this thriving area, and immerse yourself in the charm and energy that Mid-Wilshire has to offer!

Newest Mid-Wilshire (C17) Homes with Quadruplex Subtype

144 S Kenmore Avenue, Los Angeles
$1,400,000
11 Beds ⋅ 8 Baths ⋅ NDP2608150 MLS ⋅ Active Under Contract Status
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.

144 S Kenmore Avenue, Los Angeles

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.