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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,125,000

Est. payment - /mo

6,398 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26154383

HOA Y/N No

Year Built 1962

Lot Size 6,398 Sqft

Property Sub-Type Quadruplex

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

Area 699 - Not Defined

Interior

Fireplace No

Laundry Common Area, Outside

Exterior

Carport Spaces 3

Pool None

Community Features Golf, Park, Street Lights, Sidewalks

Total Parking Spaces 7

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5248017002

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, FHA 203(b), FHA 203(k), FHA, Fannie Mae, Government Loan

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, FHA 203(b), FHA 203(k), FHA, Fannie Mae, Government Loan

Special Listing Condition Standard

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Listed by Aaron Jacobson Lyon Stahl Investment Real Estate, Inc. 310-729-1559, DRE #02100737

NEARBY SCHOOL & BUSINESS

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506 S Kern AVE Los Angeles, CA 90022