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Listed by Aaron Jacobson, DRE #02100737 • Lyon Stahl Investment Real Estate, Inc.
$1,195,000
Est. payment /mo
6,400 Sqft Lot
New
506 S Kern AVE Los Angeles, CA 90022
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26154383
Year Built 1962
Lot Size 6,400 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
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, cafés, and neighborhood amenities, including Sofreh.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Laundry Other, Community Facility
Exterior
Garage Spaces 7.0
Pool None
Building
Water District - Public
Others
Tax ID 5248017002
Special Listing Condition Not Applicable
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