506 S Kern Ave Los Angeles, CA 90022

Building Details

Year Built

1962

Listing Agency Lyon Stahl Investment Real Estate a***@lyonstahl.com Show Phone

Listed by Aaron Jacobson · License #02100737 Show Phone

Source Elliman

Added: Jul 16 Checked: Jul 17 at 2:14 am

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Investment Insights

Based on property information with market context.

506 S Kern Ave is a fully vacant four-unit multifamily property offered for sale. All units are described as move-in ready and delivered fully vacant, supporting an immediate leasing plan for a new owner. The property includes four on-site parking spaces and sits on a spacious 6,000+ square foot lot.

The asset is positioned in Los Angeles and is noted as being within close proximity to major employment and educational centers, including the USC Keck School of Medicine and the East Los Angeles Civic Center. The surrounding area is also described as having nearby neighborhood amenities, including Sofreh. BikeScore is listed as 61 (Bikeable), walkScore as 90 (Very Walkable), and transitScore as 59 (Good Transit). The remarks further project performance after stabilization, including a 7.23% cap rate, 9.88 GRM, and over $10,000 in scheduled monthly rental income once fully leased.

Key Highlights

• Fully vacant 4‑unit multifamily asset, delivered ready for immediate leasing
• Year built 1962
• 6,000+ SF lot with four on‑site parking spaces

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FAQs

What type of property is this?

Quadplex - Fully vacant 4-unit multifamily asset with four on-site parking spaces for immediate leasing.

Where is this quadplex located?

The property is located at 506 S Kern Ave Los Angeles, CA.

What is the asking price?

The asking price for this property is $1,195,000.

What are key features of this property?

This property features: Fully vacant 4‑unit multifamily asset, delivered ready for immediate leasing; Year built 1962; 6,000+ SF lot with four on‑site parking spaces