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927 W Kensington Rd

Los Angeles, CA 90026
  • $2,349,000
  • STATUS: Active
  • ON SITE: 66 Days
  • MLS #: 21-790808
UPDATED: 67 min ago
$2,349,000
  • 6
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,002
    SQFT
  • $587
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1917
County:

School Ratings & Info

Description

If you were in a 1031 exchange and despairing of ever finding a property that made any sense at all, look no further. Here is a property that is a perfect blend of great upside and stability, while also being an absolute gem that you would be proud to have in your portfolio.On the other hand, if you are someone who is looking for a great income property that will help fortify your family's financial security, yet at the same time provide you with an awesome unit that you would be delighted and excited to live in, this is definitely that property. The top unit - fully renovated, 2000 sq ft, 3 bed, 2 bath, light and airy as it is, with wonderful open floor plan and great views to the west all the way out to the ocean and to the east displaying all of downtown, you would be thrilled to have it as your own residence. And, best of all.... it just went vacant!This 4-plex sits on one of the prettiest tree-lined streets in one of LAs most venerable and sought after neighborhoods It is a constant source of wonder to the local residents there that they can live in such a tranquiil, lovely setting, yet be only a 5 minute drive to downtown without using a freeway. It is not an overstatement to say that this multi-family has just about everything you could possibly need or want in a property, including: in unit laundry in each unit in main building; plenty of parking; huge storage space in the basement with full headroom; great back yard to enjoy; units are large; in the rear there is one tiny unit, but it is very charming, is totally separate from the rest of the property and even has its own private back yard. And, as if all that isn't enough the property, being historical, qualifies for the Mills Act and gives you an approximately 50% discount on your annual property taxes! As an additional note, if someone wanted to spend the $100K needed to convert the 400 sq ft garage to an ADU (it has never been used for parking) that would easily represent an additional $2K/mo in income. The list of positive attributes goes on and on but you really need to come see it to get the full sensation of what the property has to offer. Easy to show.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-07T12:42:58.407. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/122028733
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927 W Kensington Rd Los Angeles, CA 90026

  • Price: $2,349,000
  • Status: Active
  • On Site: 66 Days
  • Updated: 67 min ago
  • MLS #: 21-790808
6
Beds
0
Baths
0
½ Baths
0.17
Acres
4,002
SQFT
$587
$/SQFT
1917
Built
Neighborhood:
Silver Lake - Echo Park
County:
Los Angeles
Area:
Silver Lake - Echo Park
Property Description
If you were in a 1031 exchange and despairing of ever finding a property that made any sense at all, look no further. Here is a property that is a perfect blend of great upside and stability, while also being an absolute gem that you would be proud to have in your portfolio.On the other hand, if you are someone who is looking for a great income property that will help fortify your family's financial security, yet at the same time provide you with an awesome unit that you would be delighted and excited to live in, this is definitely that property. The top unit - fully renovated, 2000 sq ft, 3 bed, 2 bath, light and airy as it is, with wonderful open floor plan and great views to the west all the way out to the ocean and to the east displaying all of downtown, you would be thrilled to have it as your own residence. And, best of all.... it just went vacant!This 4-plex sits on one of the prettiest tree-lined streets in one of LAs most venerable and sought after neighborhoods It is a constant source of wonder to the local residents there that they can live in such a tranquiil, lovely setting, yet be only a 5 minute drive to downtown without using a freeway. It is not an overstatement to say that this multi-family has just about everything you could possibly need or want in a property, including: in unit laundry in each unit in main building; plenty of parking; huge storage space in the basement with full headroom; great back yard to enjoy; units are large; in the rear there is one tiny unit, but it is very charming, is totally separate from the rest of the property and even has its own private back yard. And, as if all that isn't enough the property, being historical, qualifies for the Mills Act and gives you an approximately 50% discount on your annual property taxes! As an additional note, if someone wanted to spend the $100K needed to convert the 400 sq ft garage to an ADU (it has never been used for parking) that would easily represent an additional $2K/mo in income. The list of positive attributes goes on and on but you really need to come see it to get the full sensation of what the property has to offer. Easy to show.
Exterior Features

Lot Size Area 7499 Other Structures Other Parking Garage Garage - 2 CarTandemDriveway - Concrete Style Other Total Parking 6 View Description CityCity LightsMountains View YN Yes

Interior Features

Baths Total 5.00 Cooling None Equipment Range/Oven Heating Wall Laundry In Unit

Property Features

Assessed Total Value 889000 Gross Income 153600 Gross Operating Income 153600 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 107520.00 Number Of Buildings 2 Number Of Units 4 Sale Type Standard Source Living Area Title Company Source Lot Size Area Vendor Enhanced Total Annual Expense 46080 Type Of Units Detached Year Built Source Vendor Enhanced Zoning Lar2

Listing provided courtesy of Ken Shapiro DRE#01881308 of Silverwood Properties.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-07T12:42:58.407. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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