
Los Angeles, California 90026
This property presents a High-Potential Investment Opportunity with a List Price of $1,250,000—positioned above the $1,185,668 Fair Market Value. While the pricing reflects the premium of the historic Angelino Heights location, the Zoning R2 and the inclusion of an adjacent parcel with three bungalows provide significant Value-Add potential. With a Condition Rating of 5, the property requires a full rehab to modernize its historic structure. This is an ideal acquisition for Buy-and-Hold Investors or Developers looking to leverage the existing income-producing units and ADU potential.
Property is extensive renovation needed.
Built in 1901/1922, the property is over 100 years old and retains 'vintage cabinetry' and 'original' architectural elements, indicating a lack of significant renovations in the last 30-50 years. Given the age and description, the kitchen, bathrooms, and major systems (HVAC/Electric) likely require a full rehab to meet modern standards.
Located in the prestigious Angelino Heights HPOZ, the home retains its timeless character with original moldings, vintage cabinetry, and authentic wood and tile flooring throughout.
The property features a large detached four-car garage on an R2-zoned lot, providing an excellent opportunity for conversion into a guest house, studio, or income-generating ADU.
The sale is tied to an adjacent three-bungalow parcel, offering a rare chance to acquire a contiguous multi-unit compound with existing income and future development flexibility.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Being situated within a Historic Preservation Overlay Zone means any exterior renovations or developments are subject to strict regulatory oversight and specific architectural requirements.
There is a notable discrepancy between the physical bedroom count (4) and the official property profile (3), which may require additional due diligence regarding permits and could affect appraisal values.
723 E Kensington presents a rare opportunity to own a character-filled home in the historic Angelino Heights neighborhood. Built in 1922, this two-story single-family residence offers approximately 2,084 square feet of living space on a generous 6,086 square-foot lot, with 4 bedrooms and 2.5 bathrooms - property profile shows 3 bedrooms. The home beautifully showcases original architectural details that reflect its historic character and timeless charm. A formal entry leads to the inviting living and dining rooms, while the spacious kitchen features vintage cabinetry and a convenient walk-in pantry. Wood and tile flooring, original moldings, and other period architectural elements add warmth and authenticity throughout. The main level includes a bedroom suite with a full bathroom, a sunroom, and a convenient half bath, providing an ideal setup for guests or flexible living arrangements. Upstairs, three bright and generously sized bedrooms share a full bathroom. Outside, the private backyard provides ample space for gardening, entertaining, or simply relaxing and enjoying the California sunshine. A detached garage offers potential parking for up to four cars and presents an exciting opportunity for reinvention as a bonus studio, office, or future ADU, subject to applicable approvals. The adjacent property, 717-721 E Kensington (Residential Income Listing #WS26189086 ) will be sold together. The second parcel features three detached bungalows, each offering 2 bedrooms and 1 bathroom. Both parcels are zoned R2 and are located within the City's Historic Preservation Overlay Zone (LARD2-1VL-HPOZ), offering a unique combination of historic character, existing income-producing improvements, and potential flexibility for future use and development, subject to zoning and historic-preservation requirements. An exceptional opportunity to own a piece of Angelino Heights history while exploring the possibilities of two contiguous R2-zoned parcels.
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 | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,084 | 1,664.159 |
| Lot Size | 6,086 | 6,066.556 |
| Price | $1.25M | $1.35M |
| Price per sq ft | $600 | $806 |
| Built year | 1901 | 1939 |
| HOA | $0 | $278 |
| Days on market | 12 | 55 |
Aug 28, 2026
$1,250,000
Initial Listing