6,398 Sqft Lot
6,398 Sqft Lot
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
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
Lease Land No
NEARBY SCHOOL & BUSINESS