506 S Kern Ave, Los Angeles, CA 90022

Property Description

FULLY VACANT 4PLEX IN EAST LA 506 S Kern is a Fully Vacant 4 Unit Property in one of the fastest growing neighborhoods in Los Angeles. The property consists an ideal unit mix of (3) 2-Bed/1-Bath and (1) 1-Bed/1-Bath units. The property has spacious floorplans and has been upgraded with new floors, paint and kitchens, ensuring ease of management for future tenants. This tenant ready asset comes fully parked with 4 Tandem spots so each unit gets 2 spaces, ensuring maximum potential rent. Once leased, the property will operate at a 7.75% cap rate, making this a one of a kind investment opportunity in East LA. Whether you're an owner/user or an investor, this asset is primed for strong cash flow from day one, in a neighborhood that is hard to find something of this quality. Situated in the heart of East LA, a submarket that is in close proximity to major employment such as USC Keck Medical, East LA Civic Center, Cal State LA as well as neighboring restaurants, including Sofreh, Al & Beas, and others.