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.