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The Warburton Team Brokered By EXp

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

$1,195,000

Est. payment - /mo

6,398 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Coming Soon

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

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

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