Listing by: John Chapman, COLDWELL BANKER LEADERS, 818-441-6629

5 Beds

3 Baths

1,687 SqFt

Active

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!

Property Details
Price $899,000
Bedrooms 5
Full Baths 3
Total Baths 3
Lot Size Area 6237
Lot Size Area Units Square Feet
Acres 0.1432
Property Type Residential
Sub type Duplex
MLS Sub type Duplex
Stories 1
Year Built 1929
View None
Lot Description Back Yard,Front Yard
Laundry Features Individual Room
Pool features None
Parking Spaces 0
Garage spaces 0
Association Fee 0
Geographic Data
Directions E Olympic and S Arizona Ave
County Los Angeles
Latitude 34.017351
Longitude -118.166844
Market Area C16 - Mid Los Angeles
Address Information
Address 1226 S Kern Avenue, Los Angeles, CA 90022
Postal Code 90022
City Los Angeles
State CA
Country United States
Listing Information
Listing Office COLDWELL BANKER LEADERS
Listing Agent John Chapman
Listing Agent Phone 818-441-6629
Buyer Agency Compensation 2.000
Attribution Contact 818-441-6629
Buyer Agency Compensation Type %
Compensation Disclaimer The offer of compensation is made only to participants of the MLS where the listing is filed.
Special listing conditions Standard
School Information
District Los Angeles Unified
MLS Information
Days on market 7
MLS Status Active
Listing Date Apr 16, 2024
Listing Last Modified Apr 23, 2024
Tax ID 5246023010
MLS Area C16 - Mid Los Angeles
MLS # CV24076048

This information is believed to be accurate, but without any warranty.
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