792 E Kensington Rd$1,745,000Active Under Contract

Los Angeles Historic Cultural Monument #823, Marshall Flats. Sited in Echo Park's historic Angelino Heights, this striking fourplex consists of two historic standalone Craftsman buildings, both units in the rear building delivered vacant. Each structure features two large up/down 2 bedroom, 1.5 bath units spanning around 1,300 sq feet, with formal living and dining areas, balconies, in-unit washer/dryer hookups, and striking original details throughout. A historic cultural monument, the property is recognized for its Craftsman architectural style and, as an approved Mills Act property, the building's historic designation offers owners the opportunity for significant property tax savings. The front building immediately draws you in with its welcoming porch and upper-level balcony overlooking the grassy front lawn. Both front units (#792 & #792 1/2 ) are currently tenant-occupied and bring in a combined gross rent of $5,220.40 per month, with projected market rents reaching up to $8,000 monthly ($4,000/mo each). Inside, each unit charms with spacious living rooms, decorative fireplaces, dedicated dining rooms, laundry hookups, and classic architectural details throughout. Privatized by mature hedging and fencing, a drought-tolerant landscape lines the long side driveway that leads to 3-car parking and the vacant rear building, which is ideal for an owner-occupant. The lower unit (#794) welcomes you with a wide front porch. Upon entry, you're greeted by an expansive living room, accented by vintage light fixtures and original hardwood floors. A formal dining room with a built-in buffet and cozy fireplace sits adjacent to the kitchen and in-unit laundry area, offering comfort and functionality. Upstairs, unit #794 1/2 features a bright, airy living and dining space beneath beautifully coved ceilings, with two generous bedrooms that each open onto their own private balcony, perfect for morning coffee or unwinding at sunset. Projected rents for each unit range from $3,500-$4,000/mo. Tucked in an unbeatable location, this property is mere minutes from the buzz of Echo Park and Silver Lake. Located close to Sunset Blvd and the Friday afternoon Farmer's Market. Enjoy local favorites like The Lonely Oyster and Quarter Sheets, catch a game at nearby Dodger Stadium, or explore Sunset Boulevard's eclectic mix of shops, bars, and cafes. Whether you're looking to maximize rental income or craft your dream owner-user arrangement, this Craftsman gem in one of L.A.'s trendiest historic enclaves is not to be missed.