Views
Address
927 W Kensington Road Los Angeles, CA
Price
$ 2,349,000
Property Attributes
  • MLS#21790808
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaSilver Lake - Echo Park
  • Zip90026
  • Style
  • Price$ 2,349,000
  • Bedrooms6
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage4002
  • Lot Size7,499 SqFt
Listing Provided Courtesy Of:
Ken Shapiro with Silverwood Properties
Data Source:
Combined LA/Westside MLS (CLAW) - 318 - CA
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.

Price History
10/2/2021 Listed $2,349,000

General Features

Architectural Style Other
Cooling None
Garage Y/N Yes
Heating Wall Furnace
Listing Agent Ken Shapiro - BRE#01715663
Listing Agent State License 01715663
Lot Size Square Feet 7499
MLS Area C21 - Silver Lake - Echo Park
Property Type Residential Income
Senior Community Y/N No
Special Listing Conditions Standard
Status Active
Total Units 4
View City Lights, Mountain(s)
Virtual Tour https://my.matterport.com/show/?m=1kYAM2xQctn&title=0&brand=0
Zoning LAR2

Interior Features

Heating Y/N Yes

Exterior Features

Lot Size Acres 0.17
Lot Size Area 7499
Lot Size Units Square Feet
Number of Buildings 2
Parking Features Concrete, Door-Multi, Garage, Tandem
Total Parking 6
View Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90026

Price
AVG $1.77M
$2.35M
Visits
AVG 23
4
Year Built
AVG 1930
1917
Walkscore
AVG 84
86
Data Provided by Walkscore ® not using MLS data

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