717 -723 E Kensington RD Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90026
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25061709
Year Built 1901
Lot Size 0.289 Acres
Property Sub-Type Quadruplex
Property Description
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!
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LARD2-1VL-HPOZ
Interior
Heating Wall Furnace
Cooling None
Flooring Carpet,Vinyl,Wood
Laundry Inside,None,See Remarks
Exterior
Parking Features See Remarks
Garage Spaces 4.0
Garage Description 4.0
Fence Block,Chain Link
Pool None
Community Features Sidewalks
Utilities Available Electricity Connected,Natural Gas Connected,Water Connected
Building
Lot Description Sloped Down,Gentle Sloping,Rectangular Lot
Story 2
Foundation Raised
Sewer Unknown
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan
Listing Terms Cash,Cash to New Loan
Special Listing Condition Trust