1226 S Kern Avenue Los Angeles, CA $ 899,000
1226 S Kern Avenue
$ 899,000
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1226 S Kern Avenue

Los Angeles, CA, 90022
$ 899,000
Bedrooms5 Baths3.0 Sq 1,687

Monthly Estimate*

$ 6,280

Listed by COLDWELL BANKER LEADERS
1226 S Kern Avenue, Los Angeles, CA 90022 - Image 1

Multi-Family Home for sale in Los Angeles, CA

for $899,000 with 5 bedrooms and 3 full baths. This 1,687 square foot home was built in 1929 on a lot size of 0.1432.

Welcome to an exceptional investment opportunity in East Los Angeles, California! This property boasts a total of five bedrooms and three bathrooms, divided among two units, making it an ideal income-generating asset. Currently offering a fantastic rental income potential, the property features below-market rents, providing a significant value-add opportunity for savvy investors. The existing tenants at this location have been reliable occupants for years, enhancing the appeal of this investment property. The area is known for its high demand for rental properties, ensuring a steady stream of potential tenants. Additionally, the property includes ownership of solar panels that were installed in 2021. Prospective investor buyers can inquire about acquiring the current financing arrangement for solar ownership, adding to the property's appeal as a sustainable investment. Furthermore, the current owner has plans to add two additional dwelling units to the property and possesses all the necessary specifications for this expansion. For those interested in exploring this opportunity, the owner's plans can be shared upon request. It is important to note that any potential investor should conduct their own due diligence with the city regarding the requirements and regulations for additional dwelling units (ADUs). This ensures compliance with local laws and regulations, providing a smooth transition for any planned expansions. Don't miss out on this rare opportunity to invest in a promising income property in a sought-after location in East Los Angeles. Contact us today to learn more and schedule a viewing of this remarkable investment property!

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Multi-Family Active

Price

$ 899,000

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 0

Style

Duplex

Lot Size

0.1432

Year Built

1929

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

CV24076048

Days on Market

14

Features
General
Interior Features AllBedroomsDown
Sewer PublicSewer
Cooling CentralAir WallWindowUnits
Zoning LCR4*
HOA 0.0
Garage Spaces 0.0
Pool Features None
Year Built 1929
View None
Stories 1
Levels One
Property SubType Duplex
Community Features Sidewalks
County Los Angeles
New Construction N
Property Type Residential
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions E Olympic and S Arizona Ave
City Los Angeles
Entry Location street
View Y/N N
Senior Community Y/N N
High School District Los Angeles Unified
Total Units 2
MLS Area C16 - Mid Los Angeles
Lot Size Square Feet 6237.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Kern
Listing Terms Cash CashtoExistingLoan CashtoNewLoan Conventional FannieMae FreddieMac
Property Attached Y/N Y
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 7
Structure Type Duplex
Standard Status Active
Occupancy Description Tenant
Year Built Source Assessor
Tax Lot 14
Property Sub Type Additional Duplex
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Exterior
Lot Features BackYard FrontYard
Water Source Public
Total Parking 0.0
Lot Size Area 6237.0
Spa N
Lot Size Acres 0.1432
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Fireplace Features None
Total Stories 1
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N N
Fireplace Y/N N
Full Baths 3
Street Suffix Avenue
Laundry Features LaundryRoom
Total Bedrooms 5
Entry Level 1
Electric On Property Y/N N
Main Level Bedrooms 5
Main Level Bathrooms 3
Total Baths 3
Living Area Units SquareFeet
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Internal Only
Street Number 1 1226
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* Excluded Features
List By
Coldwell Banker Leaders

Broker

(626) 671-4100

Phone

Affordability Calculator

$6,280
Per Month
100%
0%
0%
Monthly Principal & Interest
$6,280
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4003522 Elementary School
4003523 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/17/2024$899,000 Listed Price

Map


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1226 S Kern Avenue, Los Angeles, CA, 90022 is a Multi-Family Home for sale at $899,000 with 1,687 sqft and a lot size of 0.1432. 1226 S Kern Avenue has 5 bedrooms, 3.0 baths, and was built in 1929. The property's zip code is 90022 which is in Los Angeles, CA