728 E Kensington Road, Los Angeles, California 90026, Los Angeles, 90026 - bed, bath

728 E Kensington Road, Los Angeles, California 90026 home-pic-0
ACTIVE$2,250,000
728 E Kensington Road, Los Angeles, California 90026
0Bed
0Bath
8,270Sqft
9,688Lot
Year Built
1974
Close
-
List price
$2.25M
Original List price
$2.75M
Price/Sqft
$272
HOA
-
Days on market
-
Sold On
-
MLS number
SR25048804
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.25M(50th), sqft - 8270(50th), beds - undefined(50th), baths - undefined(50th).

Trust Sale...Call For Offers!! First time on the market since owner built the property in 1974. This 6-unit apartment building, constructed in 1974, offers a prime investment opportunity in the desirable Angelino Heights neighborhood of Los Angeles. The property boasts approximately 8,270 square feet of improvements situated on approximately 9,688 square foot lot. The building consists of five 2-bedroom, 1-bathroom units, and one townhouse-style unit with 7 bedroom 4.5 bathrooms. Each unit has its own central heating, air conditioning and hot water heaters and has individual meters for gas and electricity. The roof was replaced in 2024 and the air conditioning and heating units of all the units have been replaced starting in 2018 for 1 unit, 2021 for 3 of the units and 2 unit in 2025. In addition to the five rental units, the building features a spacious owner’s unit—an expansive 7-bedroom, 4.5-bathroom, with additional coverable office/den/ possible 8th bedroom on garage level, townhouse-style unit. The owner's unit offers a large expansive living space with large living room and kitchen, with built in cabinets throughout for tons of storage, plus its own attached two-car garage with direct access to the unit with its own laundry hookups for added convenience. The property has off street parking which includes space for five cars at the rear of the building. With long-term tenants in place and rents currently well below market, this property presents significant upside potential for investors seeking to capitalize on the rising rental rates in this sought-after area. Overall, this building offers an excellent opportunity for both immediate income and future appreciation in a rapidly growing part of Los Angeles.

Nearby schools

4/10
Betty Plasencia Elementary School
Public,K-60.4mi
6/10
Castelar Street Elementary School
Public,K-50.7mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,K-61.0mi
5/10
Rosemont Avenue Elementary School
Public,K-51.1mi
/10
Lake Street Primary School
Public,K-11.1mi
7/10
Solano Avenue Elementary School
Public,K-61.2mi
2/10
Mayberry Street Elementary School
Public,K-61.3mi
3/10
Elysian Heights Elementary School
Public,K-61.4mi
8/10
Clifford Street Elementary School
Public,K-61.4mi
7/10
Dorris Place Elementary School
Public,K-61.7mi
5/10
Micheltorena Street Elementary School
Public,K-51.9mi
8/10
Allesandro Elementary School
Public,K-62.2mi
2/10
Logan Street Elementary School
Public,K-80.8mi
3/10
Sal Castro Middle School
Public,6-80.9mi
5/10
Florence Nightingale Middle School
Public,6-82.2mi
5/10
Virgil Middle School
Public,6-82.3mi
6/10
Thomas Starr King Middle School
Public,6-82.5mi
6/10
Irving STEAM Magnet
Public,6-83.4mi
3/10
Belmont Senior High School
Public,9-120.9mi
8/10
John Marshall Senior High School
Public,9-123.1mi
Condition Rating
Poor

Built in 1974, the property's interior, particularly the kitchen and bathrooms, are severely outdated and appear to be original to the construction or renovated 30-50 years ago. The kitchen features dated wood cabinets, yellow/orange tiled flooring, and old light fixtures. Bathrooms exhibit similar conditions with pink/peach vanities, original hardware, and dated tile work. While the roof and HVAC systems have seen recent upgrades, the living spaces require substantial rehabilitation and modernization to meet current standards, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Significant Rental Upside: Rents are currently well below market with long-term tenants, offering substantial future income growth potential in a desirable area.
Prime Investment Location: Situated in the desirable and rapidly growing Angelino Heights neighborhood of Los Angeles, ensuring strong demand and potential for appreciation.
Recent Major Capital Improvements: The roof was replaced in 2024, and HVAC units have been systematically updated across all units, reducing immediate capital expenditure for the buyer.
Individual Unit Utilities & HVAC: Each unit features its own central heating, air conditioning, hot water heaters, and individual meters for gas and electricity, minimizing landlord operating expenses.
Versatile Owner's Unit: An expansive 7-bedroom, 4.5-bathroom townhouse-style unit with an attached 2-car garage and laundry offers flexibility for owner-occupancy or premium rental income.

Cons

Below-Market Rents & Tenant Turnover Challenges: While offering upside, achieving market rents may be a lengthy process due to existing long-term tenants and potential rent control regulations in Los Angeles.
Building Age & Potential Deferred Maintenance: As a 1974-built property, despite recent upgrades, other original systems (e.g., plumbing, electrical, common area aesthetics) may require future capital investment.
Trust Sale Process: The property is a Trust Sale, which typically implies limited disclosures and a potentially more complex transaction process, requiring thorough due diligence from the buyer.

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