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717 -723 E Kensington Road, Los Angeles, California 90026, Los Angeles, 90026 - bed, bath

717 -723 E Kensington Road, Los Angeles, California 90026 home-pic-0
ACTIVE$2,250,000
717 -723 E Kensington Road, Los Angeles, California 90026
0Bed
0Bath
4,288Sqft
12,581Lot
Year Built
1901
Close
-
List price
$2.25M
Original List price
$2.77M
Price/Sqft
$525
HOA
-
Days on market
-
Sold On
-
MLS number
SR25061709
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.25M(91th), sqft - 4288(91th), beds - undefined(50th), baths - undefined(50th).

Trust Sale...Call For Offers!! Presenting a multi-family investment opportunity in the highly sought-after Angelino Heights neighborhood of Los Angeles. First time on the market in over 50 years. This property consists of two contiguous parcels sold together, offering excellent potential for value appreciation and future rental income. 723 E. Kensington features a charming single-family home with 4 bedrooms and 2.5 bathrooms, spanning approximately 2,084 square feet on a 6,086 square foot lot. The home includes a large kitchen, walk-in pantry, dining room, family room, and a sunroom with convenient laundry hook-ups. The expansive backyard offers plenty of room for outdoor activities, and the detached garage provides potential parking for up to 4 vehicles. The property is zoned LARD2-1VL-HPOZ. 717-721 E. Kensington, the contiguous parcel, is composed of 3 detached bungalows, each with 2 bedrooms and 1 bathroom. The bungalows total approximately 2,204 square feet on a 6,495 square foot lot, also zoned LARD2-1VL-HPOZ. Each unit has its own gas and electric meters. All roofs were replaced in 2024. The property is fully occupied by long-term tenants who are currently paying below-market rents, providing significant upside potential for savvy investors. This is a rare chance to acquire an income-generating property in one of Los Angeles' most desirable historic neighborhoods, with the potential for substantial growth in both rents and value. Don’t miss out on this exceptional investment opportunity!

Nearby schools

4/10
Betty Plasencia Elementary School
Public,•K-6•0.3mi
6/10
Castelar Street Elementary School
Public,•K-5•0.7mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,•K-6•0.9mi
5/10
Rosemont Avenue Elementary School
Public,•K-5•1.0mi
/10
Lake Street Primary School
Public,•K-1•1.1mi
7/10
Solano Avenue Elementary School
Public,•K-6•1.2mi
2/10
Mayberry Street Elementary School
Public,•K-6•1.3mi
3/10
Elysian Heights Elementary School
Public,•K-6•1.4mi
8/10
Clifford Street Elementary School
Public,•K-6•1.5mi
7/10
Dorris Place Elementary School
Public,•K-6•1.7mi
5/10
Micheltorena Street Elementary School
Public,•K-5•1.9mi
8/10
Allesandro Elementary School
Public,•K-6•2.2mi
2/10
Logan Street Elementary School
Public,•K-8•0.7mi
3/10
Sal Castro Middle School
Public,•6-8•0.8mi
5/10
Florence Nightingale Middle School
Public,•6-8•2.3mi
5/10
Virgil Middle School
Public,•6-8•2.3mi
6/10
Thomas Starr King Middle School
Public,•6-8•2.5mi
6/10
Irving STEAM Magnet
Public,•6-8•3.4mi
3/10
Belmont Senior High School
Public,•9-12•0.8mi
8/10
John Marshall Senior High School
Public,•9-12•3.1mi
Condition Rating
Fair
This property, built in 1901 and on the market for the first time in over 50 years, is likely to have significantly outdated interiors, including kitchens and bathrooms, as well as older electrical and plumbing systems. While the roofs were replaced in 2024, which is a major positive update, the absence of interior photos and the long-term tenant situation paying below-market rents strongly suggest that comprehensive renovations have not occurred recently. The property is functional and occupied, but will require substantial updates to meet modern standards and maximize rental potential, aligning with the 'Fair' condition criteria of being aged, maintained through upkeep, but with major components showing signs of being outdated and requiring minor to significant updates.
Pros & Cons

Pros

Multi-Unit Income Property: This property offers a robust multi-family investment opportunity, comprising a single-family home and three detached bungalows across two contiguous parcels, providing four distinct income-generating units.
Significant Rental Upside Potential: Currently fully occupied by long-term tenants paying below-market rents, there is substantial potential for a new owner to increase rental income and improve cash flow.
Prime Historic Neighborhood Location: Situated in the highly sought-after Angelino Heights HPOZ, the property benefits from its desirable historic character, strong community appeal, and potential for long-term value appreciation in a premium Los Angeles location.
Recent Major Capital Improvement: All roofs were replaced in 2024, significantly reducing immediate capital expenditure and maintenance concerns for the incoming investor.
Independent Utilities: Each unit is equipped with its own gas and electric meters, simplifying tenant billing and operational management for the landlord.

Cons

Age of Property & Potential Deferred Maintenance: Built in 1901, the property is over a century old, which may imply outdated internal systems (plumbing, electrical) and a higher likelihood of ongoing maintenance and repair costs beyond the recent roof replacement.
Tenant Management & Rent Control Challenges: While below-market rents offer upside, navigating rent increases and tenant turnover with long-term tenants in Los Angeles's tenant-friendly regulatory environment (likely rent control) can be complex and time-consuming.
Historic Preservation Overlay Zone (HPOZ) Restrictions: Being located within an HPOZ means exterior modifications and significant renovations are subject to strict design review and approval processes, potentially limiting future development flexibility and increasing project costs and timelines.

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