FOR SALE
$899,000

1226 S Kern Avenue
Los Angeles, CA 90022

Single Family
Residential
5
Beds
3
Baths
1,687
Sq. Ft.
0.1432
Acre Lot
Courtesy: John Chapman - COLDWELL BANKER LEADERS; Email: [email protected]
Agent Websites> California> Los Angeles> 90022
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
CRCV24076048
Single Family, 1 Story
5
Los Angeles
3 Full
1929
0.1432 Acres
Public
1
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: John Chapman - COLDWELL BANKER LEADERS; Email: [email protected]

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