Description
We are pleased to present a five (5) unit apartment building located at 730 E Kensington Road in Los Angeles, California. The subject property is located in a prime Echo Park location, west of Sunset Boulevard and north of Bellevue Avenue. Built in 1906, this property contains a great unit mix of two (2) one-bedroom / one-bathroom units in one (1) building, two (2) two-bedroom / one-bathroom units in another building, and one (1) two-bedroom / one-bathroom in its own detached building. Along with the three (3) total buildings on this large 10,734 SF lot, there are also two (2) detached garage structures with four (4) total garage spaces. This provides a great opportunity to convert both garages into two (2) ADU units. This beautiful, craftsman style property is meticulously preserved and qualified as historic under the Mills Act, allowing a sizable property tax abatement. Units feature hardwood floors, patio space, large kitchens, formal dining rooms, and separate laundry for each unit. The SFD cottage has a large, tall attic that could potentially be built out into another bedroom or floor. Tenants will adore being right down the street from incredible Eastside amenities across Sunset Boulevard, and outdoor recreation at Echo Park Lake. Situated in a prime Echo Park location, this offering presents an excellent opportunity for any investor to acquire a well maintained historic property on an extra large lot at a high cap rate.
-
8BEDS
-
0.25ACRES
-
0BATHS
-
01/2 BATHS
-
4,534SQFT
-
$391$/SQFT
School Ratings & Info
Description
We are pleased to present a five (5) unit apartment building located at 730 E Kensington Road in Los Angeles, California. The subject property is located in a prime Echo Park location, west of Sunset Boulevard and north of Bellevue Avenue. Built in 1906, this property contains a great unit mix of two (2) one-bedroom / one-bathroom units in one (1) building, two (2) two-bedroom / one-bathroom units in another building, and one (1) two-bedroom / one-bathroom in its own detached building. Along with the three (3) total buildings on this large 10,734 SF lot, there are also two (2) detached garage structures with four (4) total garage spaces. This provides a great opportunity to convert both garages into two (2) ADU units. This beautiful, craftsman style property is meticulously preserved and qualified as historic under the Mills Act, allowing a sizable property tax abatement. Units feature hardwood floors, patio space, large kitchens, formal dining rooms, and separate laundry for each unit. The SFD cottage has a large, tall attic that could potentially be built out into another bedroom or floor. Tenants will adore being right down the street from incredible Eastside amenities across Sunset Boulevard, and outdoor recreation at Echo Park Lake. Situated in a prime Echo Park location, this offering presents an excellent opportunity for any investor to acquire a well maintained historic property on an extra large lot at a high cap rate.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-22T13:35:38.167. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.