974 W Kensington Road
Los Angeles, CA 90026
- 4 beds
- – baths
- 5,484 sqft
- 9,377 sqft lot
- $382 per sqft
- 1961 build
- – on site
More homes
GROSS RENT MULTIPLIER OF 10 BASED ON MARGET RENTS IN AS-IS CONDITION AND 16.4 BASED ON EXISTING RENTS.The property is located on a quiet street in Angelino Heights adjacent to Echo Park and Dodger Stadium.Easy commute to Downtown LA, Hollywood and the Miracle Mile. Close to shopping, restaurants andentertainment. Vintage 60's vibe and design with solid wood cabinets, wall heaters and individual wall A/Cunits. Building is well maintained but retains the original 60's ambiance.The property is subject to the LA Rent Stabilization Ordinance. Which in conjunction with COVIDrestrictions has resulted in rents well below market.The property has been managed by the owner who resides nearby and takes pride in the property. Significant management upside when COVID restrictions expire. Rents are currently below market, however, the moratorium on rental increases is currently expected to expire in January of 2024. Existing Rents average $1,128/mo./unit while Market rents are estimated to be $1,850/ mo. in as-is condition and $2,500/mo./unit if the units are renovated. Gross Income, Expenses, NOI and Cap Rate reflect estimated market rents and expenses in as-is condition. Rent collected in 2021 was $115,387.It may be possible to convert the existing carports, storage room and laundry room into
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Apr 26, 2024
•
MLS# CRP1-13746 —
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/1/23
Dec 1, 2023
|
Sold | BRIDGE | $2,100,000 | -5.6% |
|
10/20/23
Oct 20, 2023
|
Pending | BRIDGE | $2,225,000 | |
|
7/7/23
Jul 7, 2023
|
Price Changed | BRIDGE | $2,225,000 | -19.1% |