NOT LISTED FOR SALE

713 E Kensington Rd Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $1,609,000 - $2,297,000

8 Beds
5 Baths
3,392 Sq Ft
$566/Sq Ft Est. Value

Last Sold November 02, 2016

Last sale price $1,145,000 $338 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $11,575/month

112 Days on Market

About This Home

As of November 2016

713 East Kensington Road is a property with two detached structures, a front duplex and a rear cottage style home, on a large 5,905 square foot lot. The spacious front duplex features open kitchen floor plans in each of the 3 bedroom, 2 bathroom apartments of approximately 1,360 square feet each! The rear cottage has 2 bedrooms and 1 bath in just under 700 square feet and provides tenants the privacy of no shared walls. The courtyard that separates the two structures has a lavender garden and is an ideal space for a BBQ and lounge area. Other desirable features include parking for each unit, a finished basement and separate gas & electric meters. Kensington Road is an iconic street in Los Angeles' second oldest neighborhood Angelino Heights, known for its Victorian Era and Craftsman Style residences. As you approach 713 E. Kensington, you are struck by expansive views of the DTLA skyline but still feel the comfort of an established residential street.

Last Agent to Sell the Property

Robyn Bolden

Forward Inglewood, Inc. License #01941643 Listed on: 06/03/2016

Co-Listed By

Dana Coronado

Compass License #01746702

Last Buyer's Agent

Corine Chavez

Nourmand & Associates-BH License #01858764

Nourmand & Associates-BH

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,574

Year Built

  • Built in 1905

Lot Details

  • 5,905 Sq Ft Lot

Interior Spaces

  • 3,392 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 3 Parking Spaces

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5405-024-029

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,574

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Alley: Yes
  • Building Permit: No
  • Living Area: 3392
  • Stories: 2
  • Year Built: 1905
  • Number Of Photos: 28
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 5.00
  • Den: 0
  • Price Per S Q F T: 344.93

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Other Spaces: 4
  • Parking Garage: Parking Space
  • Total Parking: 3

Utilities

  • Water Expense: 1404.00
  • Water Heaters: Yes

Fee Information

  • Insurance Expense: 1973.00
  • Maintenance Expense: 3234.00
  • Other Expense: 1000.00

Lot Info

  • Assessed Improvement Value: 289831
  • Assessed Land Value: 354898
  • Assessor Parcel Number: 5405-024-029
  • Geocode Override: No
  • Lot Size Area: 5905

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 17.70
  • Number Of Units: 3
  • Rent Control: 100
  • Total Annual Expense: 22839
  • Type Of Units: 3 Br & 2 Br
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 14688.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 10, 2018
Sold by
Akhavan Danny and Akhavan Sharona M
Bought by
Dsd 26 Llc
Current Estimated Value
$1,920,939

Purchase Details

Listed on
Jun 3, 2016
Closed on
Sep 30, 2016
Sold by
Ghim Tony Tongwon and Kim Elaine H
Bought by
Akhavan Danny and Akhavan Sharona M
Seller's Agent
Robyn Bolden
Forward Inglewood, Inc.
Buyer's Agent
Corine Chavez
Nourmand & Associates-BH
List Price
$1,175,000
Sold Price
$1,145,000
Premium/Discount to List
-$30,000
-2.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.94%
Original Mortgage
$858,750
Interest Rate
3.48%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 18, 2003
Sold by
Arava Asa
Bought by
Ghim Tony Tongwon and Kim Elaine H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
5.62%
Mortgage Type
Commercial

Purchase Details

Closed on
May 15, 1997
Sold by
Lau Westley And Mokin Trs Lau Trust
Bought by
Arava Asa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
7.94%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Dsd 26 Llc -- None Available
Akhavan Danny $1,145,000 Lawyers Title Company
Ghim Tony Tongwon $545,000 Commonwealth Land Title Co
Arava Asa $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Akhavan Danny $858,750
Previous Owner Ghim Tony Tongwon $310,000
Previous Owner Arava Asa $124,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/02/2016 11/02/16 Sold $1,145,000 -2.1% $338 / Sq Ft
09/09/2016 09/09/16 Price Changed $1,170,000 -0.4% $345 / Sq Ft
06/03/2016 06/03/16 For Sale $1,175,000 -- $346 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,574 $1,336,944 $796,478 $540,466
2024 $16,574 $1,310,730 $780,861 $529,869
2023 $16,262 $1,285,030 $765,550 $519,480
2022 $15,525 $1,259,835 $750,540 $509,295
2021 $15,331 $1,235,133 $735,824 $499,309
2020 $15,522 $1,222,470 $728,280 $494,190
2019 $14,840 $1,191,258 $728,280 $462,978
2018 $14,709 $1,167,900 $714,000 $453,900
2016 $8,441 $654,560 $360,310 $294,250
2015 $8,325 $644,729 $354,898 $289,831
2014 $8,381 $632,101 $347,947 $284,154
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Robyn Bolden

    Forward Inglewood, Inc.

    Section Image
  • Dana Coronado

    Seller Co-Listing Agent in 2016

    Dana Coronado

    Compass

    (310) 562-9630

    2 in this area

    38 Total Sales

    Dana Coronado
    Section Image
  • Corine Chavez

    Buyer's Agent in 2016

    Corine Chavez

    Nourmand & Associates-BH

    (818) 395-8814

    5 Total Sales

    Corine Chavez
    Section Image
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Map

Source: The MLS

MLS Number: 16-131792

The MLS

APN: 5405-024-029

California Los Angeles County Los Angeles 90026 Echo Park

713 E Kensington Rd, Los Angeles, CA

This home is located at 713 E Kensington Rd, Los Angeles, CA 90026 since 03 June 2016 and is currently estimated at $1,920,939, approximately $566 per square foot. This property was built in 1905. 713 E Kensington Rd is a home located in Los Angeles County with nearby schools including Betty Plasencia Elementary School, Sal Castro Middle School, and Ramón C. Cortines School of Visual and Performing Arts.

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