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730 E Kensington Rd, Los Angeles, CA 90026
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730 E Kensington Rd Los Angeles, CA 90026

$1,685,000 Sold Price as of 11/03/2023
  • 8 Beds
  • 5 Baths
  • 4,534 Sq.Ft.
Sold
$1,685,000 Sold Price as of 11/03/2023 Refinance Your Mortgage
Map preview of 730 E Kensington Rd, Los Angeles, CA 90026

Property Overview: 730 E Kensington Rd Los Angeles, CA has 8 bedrooms, 5 bathrooms, 4,534 living square feet and 10,733 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap
Last checked: 10 minutes ago | Last updated: November 3rd, 2023 | Source CRMLS | DOM: 26

Home details

Lot Sq. Ft
10,733
HOA Dues
$0/mo
Year built
1906
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
23304707
City
Los Angeles
County
Los Angeles
Time on Site
305 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,543
  • Total Rent: $1,543
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,900
  • Total Rent: $2,900
  • Pro Forma/Market Rent: $3,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,300
  • Total Rent: $3,300
  • Pro Forma/Market Rent: $3,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,650
  • Total Rent: $2,650
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.71%
  • Gross Rent Multiplier: 12.44
  • Gross Scheduled Income: --
  • Net Operating Income: $101,392
  • Gross Operating Income: $138,435
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 730 E Kensington Rd

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Room Information
  • Flooring: Wood, Tile
  • Den, Bonus Room, Entry
Kitchen Information
  • Has Appliances
  • Disposal
Interior Features
  • Levels: Multi/Split
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Driveway, Covered, Garage, Uncovered
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 5
  • Parcel Number: 5405023018
  • Architectural Style: Craftsman
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: The subject property is located in a prime Echo Park location, west of Sunset Boulevard and north of Bellevue Avenue.
View more facts & features

Local Los Angeles Agent

Sale History for 730 E Kensington Rd

Last sold for $1,685,000 on November 3rd, 2023

  • November, 2023

  • Nov 3, 2023

    Date

    Sold

    CRMLS: 23304707

    $1,685,000

    Price

  • Aug 25, 2023

    Date

    Active

    CRMLS: 23304707

    $1,775,000

    Price

  • April, 2008

  • Apr 1, 2008

    Date

    Sold (Public Records)

    Public Records

    $875,000

    Price

  • January, 2008

  • Jan 23, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 730 E Kensington Rd

Assessed Value (2020): $1,050,905
Year Land Value Improved Value Assessed Value
2020 $786,680 $264,225 $1,050,905

Home Value Compared to the Market

This property vs the competition

730 E Kensington Rd sold on November 3, 2023 for 57.08% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $391.49 per/sqft which puts the price per square foot 48.08% lower than the current median sale per square foot for the city of Los Angeles.

About 730 E Kensington Rd

Detailed summary of property

730 E Kensington Rd is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 8 bedrooms, 5 bathrooms, roughly 4,534 living square feet, and sits on an approximately 10,733 square foot lot. 730 E Kensington Rd was first listed on ArdentRealEstateGroup.com on August 26, 2023. The homeowner sold the property for $1,685,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 57.08% higher than the current median priced home. Local homes that are currently for sale include 2250 Duane, 833 N Vendome St and 802 N Dillon St. While the average home in Los Angeles, CA is selling in 98 days, 730 E Kensington Rd has a days on market of 26 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 730 E Kensington Rd Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 730 E Kensington Rd

Public county record property details
Beds
8
Baths
5
Year built
1906
Sq. Ft.
4,534
Lot Size
10,733
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
16
APN
5405-023-018

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,250,000
Median List Price/Sq.Ft.
$820
Median Sold Price
$1,540,000
Median Sold Price/Sq.Ft.
$1,098
Total Inventory
76
Median Sale to List Price %
110.39%
Avg Days on Market
23
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (18.18%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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