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506 S Kern Avenue

Los Angeles (City), CA 90022
  • $1,125,000
  • STATUS: Active Under Contract
  • ON SITE: 81 Days
  • ID#: SB26154383
Under Contract
UPDATED: 9 min ago
$1,125,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Listing Agent(s): Aaron Jacobson of Lyon Stahl Investment Real Estate, Inc. (310-425-9838)


Description

FULLY VACANT 4PLEX IN EAST LA506 S Kern is a Fully Vacant 4 Unit Property in one of the fastestgrowing neighborhoods in Los Angeles. The property consists anideal unit mix of (3) 2-Bed/1-Bath and (1) 1-Bed/1-Bath units. Theproperty has spacious floorplans and has been upgraded with newfloors, paint and kitchens, ensuring ease of management for futuretenants.This tenant ready asset comes fully parked with 4 Tandem spots soeach unit gets 2 spaces, ensuring maximum potential rent.Once leased, the property will operate at a 7.75% cap rate, makingthis a one of a kind investment opportunity in East LA.Whether you're an owner/user or an investor, this asset is primed forstrong cash flow from day one, in a neighborhood that is hard tofind something of this quality.Situated in the heart of East LA, a submarket that is in closeproximity to major employment such as USC Keck Medical, East LACivic Center, Cal State LA as well as neighboring restaurants,including Sofreh, Al & Beas, and others.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-05T11:43:52.293. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
www.bestsocalhomesearch.com/homes/178869034
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506 S Kern Avenue Los Angeles (City), CA 90022

  • Price: $1,125,000
  • Status: Active Under Contract
  • On Site: 81 Days
  • Updated: 9 min ago
  • ID#: SB26154383
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1962
Built
Neighborhood:
699 - Not Defined
County:
Los Angeles
Area:
699 - Not Defined
Property Description
FULLY VACANT 4PLEX IN EAST LA506 S Kern is a Fully Vacant 4 Unit Property in one of the fastestgrowing neighborhoods in Los Angeles. The property consists anideal unit mix of (3) 2-Bed/1-Bath and (1) 1-Bed/1-Bath units. Theproperty has spacious floorplans and has been upgraded with newfloors, paint and kitchens, ensuring ease of management for futuretenants.This tenant ready asset comes fully parked with 4 Tandem spots soeach unit gets 2 spaces, ensuring maximum potential rent.Once leased, the property will operate at a 7.75% cap rate, makingthis a one of a kind investment opportunity in East LA.Whether you're an owner/user or an investor, this asset is primed forstrong cash flow from day one, in a neighborhood that is hard tofind something of this quality.Situated in the heart of East LA, a submarket that is in closeproximity to major employment such as USC Keck Medical, East LACivic Center, Cal State LA as well as neighboring restaurants,including Sofreh, Al & Beas, and others.
Exterior Features

Carport Spaces 3 Carport YN Yes Entry Level 1 Entry Location Front Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 4 Open Parking Spaces 4 Parking Total 7 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Cap Rate 7.75 Common Interest None Community Features GolfParkStreet LightsSidewalks Electric Expense 500 Fuel Expense 0 Garage YN No Gross Income 120960 Gross Scheduled Income 120960 Insurance Expense 3324 Land Lease YN No Laundry Features Common AreaOutside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to Existing LoanCash to New LoanConventionalFHA 203(b)FHA 203(k)FHAFannie MaeGovernment Loan Maintenance Expense 3200 Net Operating Income 87225 New Construction YN No New Taxes Expense 13220 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 27687 Pest Control Expense 900 Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Vacancy Allowance 6048 Vacancy Allowance Rate 5 Water Sewer Expense 3200 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-05T11:43:52.293. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
 
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Realty ONE Group Empire
13330 Ranchero Rd. Ste 12
Oak Hills CA, 92344
Listing Agent(s): Aaron Jacobson of Lyon Stahl Investment Real Estate, Inc. (310-425-9838)