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927 W Kensington Road, Los Angeles, CA 90026 (MLS # 21790808)

927 W Kensington Road, Los Angeles, CA 90026 (MLS # 21790808)


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PRICE $2,349,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE 4,002 sqft
LOT SIZE 7,406 sqft

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.

DAYS ON MARKET 235 LAST UPDATED 2/10/2022
YEAR BUILT 1917 COMMUNITY Silver Lake - Echo Park
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR None
AREA Silver Lake - Echo Park
GARAGE Concrete, Door-Multi, Garage, Tandem, Yes
HEAT Wall Furnace
HOA DUES 0
LOT 7499 sq ft
PARKING Concrete,Door-Multi,Garage,Tandem
STORIES 2
STYLE Other
VIEW Yes
VIEW DESCRIPTION City Lights,Mountain(s)
ZONING LAR2
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CONTACT US ABOUT 927 W KENSINGTON ROAD
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Listing provided by : Ken Shapiro CalDRE: 01715663 | 213-250-4404, Silverwood Properties

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 5/23/22 1:39 PM PDT 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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