East Los Angeles Multifamily
For Sale
$699,000
606 S Kern AVE, East Los Angeles, CA 90022
Multifamily property with three detached units in East Los Angeles.
Property Size1,553 SF
Price / SF$450.10
Days on Market537
Property Features for 606 S Kern AVE
General Information
Standard status
Active
Size
1,553 SF
Property subtype
MULTI_FAMILY
Building Details
Building Size
1,553 SF
Year Built
1926
Listing Agency:
RE/MAX MASTERS REALTY
Listed By:
Razi Farzad · License #01230673
(909) 373-5093
Source:
Milsteinestates
Added: May 1, 2025
Changed: Oct 16
Last Checked: Oct 16 at 5:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX MASTERS REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property, located in East Los Angeles, presents an investment opportunity. The property features three detached units totaling 1553 square feet. The unit mix includes one unit with 2 bedrooms and 1 bath, a second unit with 1 bedroom and 1 bath, and a studio. The property is situated near shops, schools, and restaurants, with convenient access to freeways.
Key Highlights
- Investment opportunity: Three detached units on one property.
- Total living space: 1553 square feet.
- Unit mix: One 2‑bedroom/1‑bath, one 1‑bedroom/1‑bath, and one studio unit.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,468
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$649,360
$649.4K
Cap Rate 7%
$463,829
$463.8K
Cap Rate 9%
$360,756
$360.8K
Market Conditions
NOI Build-Up for 1,553 SF
Gross rent
$59.4K $38.28/SF
− Vacancy
−$416 −$0.27/SF
EGI
$59.0K $38.01/SF
− OpEx
−$26.6K −$17.11/SF
NOI
$32.5K $20.91/SF
Area
ZIP 90022
Vacancy
0.70%
Lease Rate
$38.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$649,360
Cap Rate 7%
$463,829
Cap Rate 9%
$360,756
Alternative Uses
Best Use
Apartment 5plus
$463.8K
$405.9K – $541.1K
NOI $32,468 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$632.7K
$553.7K – $738.2K
NOI $44,292 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,265
Businesses Nearby
Explore this area
Business Placement
Demographics for 90022, CA
64,517
Population
17,845
Households
3.6
Avg Household Size
34
Median Age
10%
College-Educated
56%
High-School Grad
4.4 sq mi
ZIP Area
14,663
Density / Sq Mi
$67,829
Median Household Income
$32,304
Median Earnings
$1,407
Median Rent
$603,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property with three detached units in East Los Angeles.
Where is this multifamily property located?
The property is located at 606 S Kern AVE East Los Angeles, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Investment opportunity: Three detached units on one property.; Total living space: 1553 square feet.; Unit mix: One 2‑bedroom/1‑bath, one 1‑bedroom/1‑bath, and one studio unit.
