
Los Angeles, California 90026
This triplex represents a High-Potential Investment Opportunity, listed at a List Price of $850,000—positioned well above the $804,954 Fair Market Value by -5%. Located in the historic Angelino Heights HPOZ, this Triplex Asset features three detached bungalows on a 6,495 sqft lot. With a Condition Rating of 5, the property requires significant rehabilitation, making it a prime candidate for Buy-and-Hold Investors and Developers. The bundled sale with the adjacent parcel offers a unique opportunity to control a significant historic footprint in Echo Park.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 717 E Kensington Subject | $850,000* List Price | 0 | 0 | 2,204 | $365 | - |
A 981 W Kensington Sold | $825,000 | 0 | 0 | 1,993 | $414 | 0.4 mi |
B 1530 W Temple Street Active | $775,000 List Price | 0 | 0 | 2,267 | $342 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1923 and marketed as a 'project' for investors or developers to 'reimagine,' these historic bungalows likely require significant rehabilitation of kitchens, bathrooms, and core systems to meet modern standards, despite appearing structurally intact from the exterior.
Situated in the prestigious Angelino Heights HPOZ, the property benefits from the high demand and architectural prestige of one of Los Angeles's most celebrated historic neighborhoods.
The configuration of three detached bungalows provides superior privacy for tenants compared to traditional apartment blocks, maximizing rental appeal and income potential.
The opportunity to acquire this triplex alongside the adjacent historic home offers a rare chance to control a significant footprint for a comprehensive restoration project.
Location within an HPOZ district imposes strict preservation guidelines, which may limit design flexibility and increase the cost of renovations or repairs.
The requirement to purchase the adjacent parcel (723 E Kensington) necessitates a higher total investment and complicates the acquisition process for single-lot buyers.
This is a rare opportunity to own two adjacent properties in the desirable and historic Angelino Heights neighborhood of Echo Park. This approximately 6,495 square feet parcel features three detached bungalows, each offering 2 bedrooms and 1 bathroom, with approximately 720 square feet of living space per unit. In addition, the adjacent property at 723 E Kensington (Residential Listing #WS26188470), featuring a historic home, will be sold together with this property. Both parcels are located within a City Historic Preservation Overlay Zone (LARD2-1VL-HPOZ), offering a unique opportunity to own and potentially reimagine multiple properties in one of Los Angeles's most distinctive historic neighborhoods. Whether you are an investor or developer looking for your next project, or a homeowner ready to bring your vision to life, this is a unique opportunity to create something special in a highly desirable location. Angelino Heights is celebrated for its historic character, architectural charm, and proximity to the vibrant restaurants, shops, entertainment, and amenities of Echo Park and surrounding Los Angeles neighborhoods.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-5 • 0.7 mi
Grades K-6 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,204 | 2,187.451 |
| Lot Size | 6,495 | 5,841.385 |
| Price | $850.0K | $841.5K |
| Price per sq ft | $386 | $385 |
| Built year | 1923 | 1928 |
| HOA | $0 | $0 |
| Days on market | 12 | 85 |
Aug 28, 2026
$850,000
Initial Listing