
Los Angeles, California 90026
This historic Angelino Heights property presents a High-Potential Investment Opportunity with a List Price of $1,250,000—positioned well below the $1,272,865 Fair Market Value by 1%. Featuring Zoning R2 and a detached four-car garage with ADU potential, this asset offers $22,865 in Instant Equity. With a Condition Rating of 4, the home requires modernization, yet its historic character and contiguous parcel availability make it a prime target for Buy-and-Hold Investors or Developers seeking a high-yield multi-unit compound.
Property is moderate renovation needed.
Built in 1901, this property is over 100 years old and features 'vintage' cabinetry and original architectural details, suggesting the kitchen and bathrooms have not been modernized in over 20-30 years. While the home is character-filled and functional, it is considered dated and likely requires updates to major systems and wet areas to meet contemporary standards.
Located in the historic Angelino Heights neighborhood, this home features well-preserved architectural details including original moldings, vintage cabinetry, and authentic wood and tile flooring that reflect its 1920s heritage.
The R2-zoned lot includes a detached four-car garage with ADU potential and is being sold alongside an adjacent parcel featuring three bungalows, offering a rare opportunity for a high-yield multi-unit compound.
The spacious 2,084-square-foot layout includes a rare main-level bedroom suite and a sunroom, providing excellent flexibility for guests, multi-generational living, or a dedicated home office space.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Situated within a Historic Preservation Overlay Zone (HPOZ), any exterior renovations or developments are subject to rigorous city approvals, which can limit design flexibility and increase project timelines.
The property profile lists three bedrooms while the home currently features four, suggesting potential unpermitted work that may require rectification or complicate the financing process for some buyers.
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 | 1,670.836 |
| Lot Size | 6,086 | 6,152.156 |
| Price | $1.25M | $1.34M |
| Price per sq ft | $600 | $807 |
| Built year | 1901 | 1941 |
| HOA | $0 | $238 |
| Days on market | 35 | 56 |
Oct 5, 2026
$1,250,000
Initial Listing