730 E Kensington Road

Marcus and Millichap is 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.

Echo Park is a diverse and eclectic area, attracting strong development and new residents every year. Echo Park is a rapidly changing rental market that is adjacent to Silver Lake and Downtown Los Angeles. Echo Park has been subject to an invigorate stream of new housing development, community re-positing, and an increased demand of living in the area. Anchored by an eponymous lake dotted with swan boats and lotus flowers, and wrapped around Los Angeles’s second-largest park, the Echo Park neighborhood is also a nature-lover’s refuge in the heart of the city. Sunset Boulevard is the main thoroughfare and commercial artery that runs through the neighborhood, where along the boulevard and side streets you’ll find local favorites such as the Andante Coffee Shops, Mohawk Bend, and countless nightlife entertainment including the Short Stop and Sunset Lounge. Locals and visitors alike enjoy paddle-boating around the lake and watching the world-famous Los Angeles Dodgers play at Dodger Stadium. Over the last decade, Echo Park has been transforming into a proud revitalizing landmark within the City of Los Angeles.

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.