6,398 Sqft Lot
6,398 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active Under Contract
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 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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