506 S Kern Avenue, Los Angeles, CA 90022
506 S Kern Avenue, Los Angeles, CA 90022
506 S Kern Avenue, Los Angeles, CA 90022
34
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$1,195,000
Est. payment /mo
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7 Beds
4 Baths
6,400 Sqft Lot
New

506 S Kern Avenue Los Angeles, CA 90022

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Jesse Ibanez

Jesse Ibanez

+1(858) 337-2796

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26154383

Bedrooms 7

Lot Size 6,400 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

506 S Kern Ave presents a rare opportunity to acquire a FULLY VACANT 4-unit multifamily asset in one of Los Angeles' fastest- growing neighborhoods. Upon stabilization, the property is projected to achieve an attractive 7.23% Cap Rate and 9.88 GRM, offering investors strong in-place cash flow potential. Situated on a spacious 6,000+ square foot lot, the property includes four on-site parking spaces, further enhancing its long-term value and tenant appeal. All four units will be delivered fully vacant and move-in ready, allowing a new owner to lease at market rents immediately without the challenges of tenant relocation. Once fully leased, the property is projected to generate over $10,000 in scheduled monthly rental income. Whether for an investor seeking strong cash flow or an owner- user looking to occupy a unit while maximizing rental income from the remaining units, 506 S Kern Ave offers exceptional flexibility and upside. Ideally located in a rapidly appreciating submarket, the property is within close proximity to major employment and educational centers, including the USC Keck School of Medicine and the East Los Angeles Civic Center, as well as a growing collection of popular restaurants, cafs, and neighborhood amenities, including Sofreh.

Location

State CA

County Los Angeles

Zoning Assessor

Direction Off Whittier and Mednik

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 5248017002

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

MLS Router / San Diego MLS
Listed by Aaron Jacobson, DRE#02100737 Lyon Stahl Investment Real Estate, Inc. 

NEARBY SCHOOL & BUSINESS

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Jesse Ibanez

Jesse Ibanez

Agent | License ID: 01405643

+1(858) 337-2796

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506 S Kern Avenue

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