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 additio
MLS #
CRCV24076048
MLS Source
California Regional MLS
Days on Site
23
Buyer's Brokerage Compensation*
2.00%
Bedrooms
Ground Floor Bedroom
Fireplace
None
Laundry
In Laundry Room
Cooling
Central Forced Air, Window/Wall Unit
Pool
None
Garage/Parking
Garage: 0 Car(s)
Elementary District
Los Angeles Unified
High School District
Los Angeles Unified
HOA Fee
$0
Zoning
LCR4*
1226 S Kern Ave is a Duplex in Los Angeles, CA 90022. This 1,687 square foot property sits on a 6,237 Sq Ft Lot and features 5 bedrooms & 3 full bathrooms. It is currently priced at $899,000 and was built in 1929.
This address can also be written as 1226 S Kern Ave, Los Angeles, CA 90022.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of April 23, 2024. For the most current information, please contact John Chapman