Seller's Agent in 2024
Elizabeth Maddox
Myunits.com Inc.
(818) 850-8485
2 in this area
114 Total Sales
144 S Kenmore Ave Los Angeles, CA 90004
Koreatown NeighborhoodEstimated Value: $1,318,000 - $1,673,000
7
Beds
4
Baths
4,660
Sq Ft
$308/Sq Ft
Est. Value
Highlights
- City Lights View
- Wood Flooring
- Private Yard
- Property is near public transit
- Spanish Architecture
- No HOA
About This Home
As of June 2024BACK ON MARKET! POTENTIAL TO BUILD 2 ADU'S! 144 S Kenmore Ave is a 75% vacant fourplex in the trendy neighborhood of Koreatown/Mid-Wilshire (opportunity zone)- A MAJOR VALUE ADD PLAY!!! This architecturally impressive, 1920's gem is ready to undergo a renovation and get massive rents. All four units are ENORMOUS, feature gorgeous historical design elements, and would be perfect candidates for a cosmetic fix and flip (or hold and cash flow!). Additionally, the property is situated on a 7,141 square foot LAR3 lot, making for a potential ADU play in the rear of the lot. Whichever way you look at this deal, the upside is tremendous.144 S Kenmore is made up of one 1,352 SF 2b/1b (delivered vacant), one 1,010 SF 2b/1b (delivered vacant), one 906 SF 1b/1b (delivered vacant), and one 1,392 SF 2b/1b that is currently leased for $1,424 (open to tenant buyout) and eligible for a rent increase now that Los Angeles rent increases are back as of February 2024.The following improvements have been made in the recent years: a cool roof in 2015, new exterior painting in 2017, an earthquake retrofit in 2017, a sewer line replacement in 2018, two new water heaters in 2023, and various small electrical updates in 2023. Another great property feature is that all four units have their own laundry rooms. Additionally, there are four carport parking spots and two exterior parking spots on site.It is rare to find a property in LA where countless tenant buyouts aren't needed- this is the opportunity you've been waiting for. Send in your offers before this is gone! Situated on a peaceful tree-lined street 6 minutes from trendy Virgil Village, 8 minutes from Larchmont Village and 5 minutes from the heart of Koreatown, this property is located in an area that is highly appealing to renters.
Last Agent to Sell the Property
Myunits.com Inc. Brokerage Phone: 818-850-8485 License #01921425 Listed on: 02/29/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,979
Year Built
- Built in 1923
Lot Details
- 7,144 Sq Ft Lot
- 1 Common Wall
- Private Yard
- Garden
- Front Yard
Home Design
- Spanish Architecture
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 4,660 Sq Ft Home
- 2-Story Property
- Living Room with Fireplace
- City Lights Views
Kitchen
- Gas Oven
- Gas Range
- Dishwasher
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 2 Open Parking Spaces
- 5 Parking Spaces
- 3 Carport Spaces
Additional Features
- Property is near public transit
- Standard Electricity
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 17
- Tax Tract Number 3662
- Assessor Parcel Number 5518020019
- $690 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 1 Leased Unit
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $1,864
- Maintenance Expense $4,000
- Water Sewer Expense $3,150
- New Taxes Expense $17,979
- Operating Expense $28,193
- Gross Income $103,488
- Net Operating Income $73,225
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 29, 2024
Closed on
Jun 3, 2024
Sold by
And Charles D and And Pamela Joy
Bought by
Kim Chloe
Seller's Agent
Elizabeth Maddox
Myunits.com Inc.
Buyer's Agent
Edward Ha
The H Realty
List Price
$1,499,000
Sold Price
$1,360,000
Premium/Discount to List
-$139,000
-9.27%
Views
26
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,245
Avg. Annual Appreciation
4.35%
Original Mortgage
$1,020,000
Outstanding Balance
$1,009,105
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$427,140
Purchase Details
Closed on
Mar 22, 2022
Sold by
Tubbs Jr Charles D and Tubbs Pamela J
Bought by
Charles D Tubbs Jr And Pamela Joy Morse Revoc
Purchase Details
Closed on
Jun 6, 2016
Sold by
Tubbs Charles D
Bought by
Tubbs Charles D and Morse Pamela J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,000
Interest Rate
3.66%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 22, 1998
Sold by
Montejano Lourdes
Bought by
Montejano Lourdes
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kim Chloe | $1,360,000 | Provident Title Company | |
| Charles D Tubbs Jr And Pamela Joy Morse Revoc | -- | Law Offices Of Sandra Diaz Pc | |
| Tubbs Charles D | -- | Title365 Company | |
| Montejano Lourdes | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kim Chloe | $1,020,000 | |
| Previous Owner | Tubbs Charles | $489,900 | |
| Previous Owner | Tubbs Charles D | $476,000 | |
| Previous Owner | Tubbs Charles D | $430,000 | |
| Previous Owner | Tubbs Charles D | $403,800 | |
| Previous Owner | Tubbs Charles D | $417,000 | |
| Previous Owner | Tubbs Charles D | $364,642 | |
| Previous Owner | Tubbs Charles D | $362,374 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/10/2024 06/10/24 | Sold | $1,360,000 | -2.8% | $292 / Sq Ft |
| 04/11/2024 04/11/24 | Pending | -- | -- | -- |
| 04/05/2024 04/05/24 | Price Changed | $1,399,000 | -6.7% | $300 / Sq Ft |
| 02/29/2024 02/29/24 | For Sale | $1,499,000 | -- | $322 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,045 | $1,387,200 | $1,122,000 | $265,200 |
| 2024 | $7,045 | $530,070 | $434,492 | $95,578 |
| 2023 | $6,923 | $519,677 | $425,973 | $93,704 |
| 2022 | $6,623 | $509,488 | $417,621 | $91,867 |
| 2021 | $6,517 | $499,499 | $409,433 | $90,066 |
| 2019 | $6,334 | $484,686 | $397,290 | $87,396 |
| 2018 | $6,193 | $475,183 | $389,500 | $85,683 |
| 2016 | $5,884 | $456,732 | $374,376 | $82,356 |
| 2015 | $5,803 | $449,872 | $368,753 | $81,119 |
| 2014 | $5,848 | $441,060 | $361,530 | $79,530 |
Source: Public Records
Agents Affiliated with this Home
-
Elizabeth Maddox
-
Ian Maddox
I
Seller Co-Listing Agent in 2024
Ian Maddox
Myunits.com Inc.
(818) 859-7242
1 in this area
71 Total Sales
-
Edward Ha
E
Buyer's Agent in 2024
Edward Ha
The H Realty
(213) 388-5155
1 in this area
7 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: BB24035611
APN: 5518-020-019
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Nearby Homes
- 214 S Alexandria Ave Unit 103
- 250 S Kenmore Ave
- 144 S Catalina St
- 128 S Edgemont St
- 211 S Berendo St Unit 3
- 130 S Alexandria Ave
- 62 N Edgemont St
- 125 S New Hampshire Ave
- 240 S Normandie Ave
- 105 S Mariposa Ave Unit 507
- 105 S Mariposa Ave Unit 509
- 254 S Normandie Ave
- 101 S Mariposa Ave
- 360 S Kenmore Ave Unit 209
- 360 S Kenmore Ave Unit 302
- 309 S Mariposa Ave Unit 301
- 121 N New Hampshire Ave
- 158 N Edgemont St
- 425 S Kenmore Ave Unit 312
- 400 S Mariposa Ave
- 148 S Kenmore Ave
- 136 S Kenmore Ave
- 202 S Kenmore Ave
- 200 S Kenmore Ave Unit 305
- 200 S Kenmore Ave Unit 107
- 200 S Kenmore Ave
- 200 S Kenmore Ave Unit 411
- 200 S Kenmore Ave Unit 402
- 200 S Kenmore Ave Unit 109
- 200 S Kenmore Ave Unit 201
- 200 S Kenmore Ave Unit 105
- 200 S Kenmore Ave Unit 202
- 200 S Kenmore Ave Unit 104
- 132 S Kenmore Ave Unit 4
- 132 S Kenmore Ave
- 143 S Catalina St Unit 145
- 143 S Catalina St Unit 1st Fl
- 143 S Catalina St
- 3701 W 2nd St
- 139 S Catalina St Unit 1/2