Property listed by Lyon Stahl Investment Real Estate, Inc., Aaron Jacobson 310-729-1559
$1,195,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
6
Last Updated
Property Type
Quadruplex
Lot Size
0.15 Acres
Year Built
1962
MLS Number
SB26154383
Additional Details
Building
Built in 1962, 3 buildings, 1 storey, Entry level: 1, Entry location: Front
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
