Property listed by Nourmand & Associates-HW, Linda Chamberlain 323-462-6262
$1,249,000
I'm pleased to present five (5) stand-alone cottage units located at 966 W. Kensington Road in Los Angeles, California. The subject property is located in a solid Echo Park location, south of Sunset Blvd. and east of Echo Park Blvd. This well-maintained property offers an excellent unit mix of… Read More two (2) two-bedroom and 3 (three) one-bedroom units, all separately metered for electricity and gas, on a spacious 8,464 SF lot. This property is a prime value-add opportunity, especially with SB1211 allowing for potential ADU conversions in the garage or rear parking lot. Tenants enjoy a gated and secure environment, lush, landscaped front yard, and on-site parking with four (4) dedicated spaces. Recent improvements include a new roof and HVAC system on all five (5) units. Front four (4) units have brand new tankless water heaters, new floor, new kitchen cabinets, new counter tops, new stove, new sink, new windows throughout each unit and new exterior paint. Situated on a quiet street just off Laveta Terrace, the property boasts walkable access to local hotspots like La Fe, Monty's Good Burger, Woodcat Coffee, A Ti, and Echo Park Eats. This is a rare chance to invest in a stable asset with long-term growth in a highly desirable Los Angeles neighborhood. With strong rental upside and potential for ADU conversion under SB1211, this property offers a rare investment opportunity in a prime Echo Park location poised for continued growth. First time on market in 49 years. Read Less
Listing Snapshot
Days Online
0
Last Updated
Beds
7
Square Ft.
3,106
Lot Size
0.19 Acres
Year Built
1922
MLS Number
26651695
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1922, Living area: 3106.0, 5 buildings, Building faces South, 1 storey, Levels: One, Two
Community
Gated
Fireplaces
None
Floors
Wood
Heating
WallFurnace
Income
Gross Income: $52,560, Net Operating Income: $17,520
Laundry
None
Lot
0.1944 acres, FrontYard, Landscaped
Parking
4 total parking spaces, Driveway
Pool
None
Property
CityLights
Roof
Composition, Shingle
Security Features
GatedCommunity
Sewer
SewerTapPaid
Taxes
Parcel Number: 5405004014, Zoning: LARD2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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