$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 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.
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Listed by Linda Chamberlain with Nourmand & Associates-HW (323) 462-6262
Property Type
Residential Income
Status
Active
MLS Number
26651695
Year Built
1922
Lot Size
8,468 sq ft