35
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$1,125,000
Est. payment /mo
7 Beds
4 Baths
6,400 Sqft Lot
Active Under Contract
506 S Kern Avenue Los Angeles, CA 90022
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active Under Contract
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
FULLY VACANT 4PLEX IN EAST LA 506 S Kern is a Fully Vacant 4 Unit Property in one of the fastest growing neighborhoods in Los Angeles. The property consists an ideal unit mix of (3) 2-Bed/1-Bath and (1) 1-Bed/1-Bath units. The property has spacious floorplans and has been upgraded with new floors, paint and kitchens, ensuring ease of management for future tenants. This tenant ready asset comes fully parked with 4 Tandem spots so each unit gets 2 spaces, ensuring maximum potential rent. Once leased, the property will operate at a 7.75% cap rate, making this a one of a kind investment opportunity in East LA. Whether you're an owner/user or an investor, this asset is primed for strong cash flow from day one, in a neighborhood that is hard to find something of this quality. Situated in the heart of East LA, a submarket that is in close proximity to major employment such as USC Keck Medical, East LA Civic Center, Cal State LA as well as neighboring restaurants, including Sofreh, Al & Beas, and others.
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
Listed by Aaron Jacobson, DRE#02100737 Lyon Stahl Investment Real Estate, Inc.
NEARBY SCHOOL & BUSINESS
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